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Firms like Razorpay and Pine Labs are eyeing the lucrative international remittances market with their newly received cross-border payment aggregator licences. The opportunity, albeit large, is not without challenges.

Promoters balk at smaller issues and uncertain pricing, choosing to wait out volatility.
The payments firm had a ‘record’ quarter without making any significant headway in its businesses.
A series of new investments earmarked for India, good and bad news from Saudi Arabia and AI deals at Davos, among other updates.