Razorpay Expands to Singapore, Strengthening Its Presence in Southeast Asia
Razorpay Blog
by Razorpay
1w ago
At Razorpay, we have always believed in pushing the boundaries of innovation to simplify money movement for businesses – no matter where they are in the world.  From revolutionizing real-time payments in India to transforming Malaysia’s digital payment ecosystem, we have consistently delivered cutting-edge solutions that empower businesses of all sizes. Today, with a strong ..read more
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Understanding IRDAI’s Bima-ASBA: New UPI-Based Payment System for Insurance Premiums
Razorpay Blog
by Adarsh Pradeep
1w ago
The Indian insurance sector is poised for a major shift in how premiums are paid with the introduction of Bima-ASBA (Applications Supported by Blocked Amount) guidelines by the Insurance Regulatory and Development Authority of India (IRDAI). Starting March 1st, 2025, insurers will be required to block the premium amount in the policyholder’s account and only ..read more
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Smarter Controls, Enhanced Vendor Management: Introducing Budgeting & Vendor Verification on RazorpayX Source-To-Pay
Razorpay Blog
by Gurunicketan
1w ago
Manual processes in accounts payable are like chequebooks in a world of UPI—slow, tedious, and honestly, sometimes unnecessary. Yet, finance teams across India are still buried under piles of invoices, chasing approvals on WhatsApp and manually reconciling payments when they could focus on what truly moves the needle.    And here’s the irony—while some finance ..read more
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Scaling 6X: BookMyForex’s Success with Razorpay
Razorpay Blog
by Adarsh Pradeep
2w ago
Travelling abroad is exciting, but hunting for the best forex rates can feel like a detour from the fun. That’s where BookMyForex steps in—India’s first tech-driven forex platform and a leading player in online retail forex and international money transfers. As part of the MakeMyTrip Group, BookMyForex ensures travellers get the best deals through real-time ..read more
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ACH vs Wire Transfers: Key Differences You Should Know
Razorpay Blog
by Neelima Patel
2w ago
In today’s fast-paced financial world, businesses and individuals have various options for transferring money electronically. Two of the most common methods are ACH (Automated Clearing House) transfers and wire transfers. While both serve the purpose of moving funds from one bank account to another, they have distinct differences in terms of speed, cost, security, and ..read more
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Meet the Future of Payments: Every Innovation Unveiled at FTX 2025
Razorpay Blog
by Jude Gerald Lopez
3w ago
At Razorpay, we don’t just imagine the future, we build it.  And at FTX 2025, we showcased what the future of payments looks like—an ecosystem designed for those who dream, dare and disrupt. We’ve always believed that payments should do more than just move money—they should fuel your growth, elevate your customer experience, and help ..read more
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Smarter Controls, Enhanced Vendor Management: Introducing Budgeting & Vendor Verification on RazorpayX Source-To-Pay
Razorpay Blog
by Gurunicketan
3w ago
Manual processes in accounts payable are like chequebooks in a world of UPI—slow, tedious, and honestly, sometimes unnecessary. Yet, finance teams across India are still buried under piles of invoices, chasing approvals on WhatsApp and manually reconciling payments when they could focus on what truly moves the needle.    And here’s the irony—while some finance ..read more
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RazorpayX Smart Collect 2.0 Instant Collections & Automated Reconciliation – Redefine Your Bank Transfers
Razorpay Blog
by Gurunicketan
3w ago
In today’s fast-paced digital economy, businesses are constantly seeking ways to optimize their operations and enhance customer experience. One area that often poses challenges is payment reconciliation, especially when it comes to direct bank transfers via NEFT, RTGS, IMPS, or UPI. These methods, while widely used, are prone to manual errors, time-consuming processes, and delays ..read more
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Introducing RazorpayX DuplicateShield: Your AI-Powered Guardian Against Accidental Duplicate Payouts
Razorpay Blog
by Gurunicketan
3w ago
Imagine this—you send a vendor payment, but due to a minor glitch or human error, the same amount gets debited twice. Sounds frustrating, right? Duplicate payouts can quietly drain business funds, disrupt cash flow, and lead to unnecessary reconciliation errors. That’s why we built RazorpayX DuplicateShield, the industry’s first AI-powered solution that proactively detects and ..read more
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RazorpayX Launches DirectToPhone Payouts: Transfer Money Instantly with just a Phone Number
Razorpay Blog
by Gurunicketan
3w ago
India’s digital payment revolution has been nothing short of transformative. With over ~400 million active UPI users and 16+ billion monthly transactions (NPCI, Jan 2025), UPI has become the backbone of India’s financial ecosystem. Mobile phones, now ubiquitous with 1.2 billion+ subscribers (TRAI, 2024), have democratized access to banking. Yet, a critical gap remains for ..read more
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