/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Indian businesses using Razorpay can now accept payments in over 130 currencies through various methods.
Fintech firm Razorpay on Tuesday secured the Reserve Bank of India’s licence for cross-border payment aggregation. The approval places Razorpay among a select cohort of fintechs permitted to facilitate both inward and outward cross-border payments with complete regulatory oversight, the company said in a statement.
A cross-border payment aggregator licence essentially allows a company to provide various cross-border services to its customers, including currency conversion, foreign exchange hedging facility, recurring cross-border payments, export bill discounting service (to the seller), and proxy identifiers such as QR codes, among others.
Through Razorpay, Indian businesses can accept payments in over 130 currencies …
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
