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Razorpay’s current annual payments volume is $150 billion, aiming to reach $750 billion by 2030.
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The company launched Checkout 360 to offer quick payment solutions to D2C companies.
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Razorpay plans to expand globally, targeting 10% market share in South East Asian regions.
Razorpay, a leading fintech company, has set an ambitious goal to reach a payments volume of $750 billion by 2030. Currently, the company processes around $150 billion in annual payments volume. To achieve this goal, Razorpay has launched innovative products like Checkout 360, which provides quick payment solutions to D2C companies.
The company’s founder and managing director, Shashank Kumar, believes that the growing demand for ecommerce and evolving customer mindset are driving the need for innovative payment solutions. Razorpay is also focusing on compliance and customer data protection, with a separate compliance team in place.
Razorpay is also expanding globally, with a license to operate in Malaysia and plans to explore other South East Asian regions like the Philippines, Singapore, and Thailand. The company aims to increase its global market share from 3% to 10% in the coming years.
