your password has been reset successfully, Please login again.

Airtel ties up with Razorpay for convenient payment services

Razorpay in a statement said, Razorpay's payment gateway will process more than five million transactions a month on the Airtel website and mobile app.
BY BEx Bureau
BusinessEx
Aug 01, 2018

Telecom major Airtel has partnered with payments solution firm Razorpay to ease the online payments through UPI (Unified Payment Interface) on its website and mobile app for its customers.

Razorpay in a statement said, Razorpay's payment gateway will process more than five million transactions a month on the Airtel website and mobile app.

"The vision of a less-cash economy can be realised only when we successfully facilitate online payments for everyday, essential needs such as the need for people to remain connected at all times. Our partnership with Airtel is another step towards realising that goal," said Razorpay co-founder and CEO Harshil Mathur.

Launched in 2016, UPI has witnessed saw immense growth with cumulative number of transactions standing at 250 million at the end of June 2018.

Razorpay currently offers its payment solutions to one lakh businesses, including GoIbibo, Yatra, Zomato, IRCTC, Zoho, DSP Blackrock, Zerodha among others.

The Tiger Global-backed company targets merchant count to reach two lakh by the end of 2018 and impact 500 million end-consumers by 2020. It has clocked in a growth rate of 30-35% month-on-month.

Please add your Comment
SIMILAR News
April 17, 2019
APL Apollo, an Indian steel manufacturer, has confirmed reports of acquiring a manufacturing unit of ...More
By Jaspreet Kaur
April 17, 2019
TA Associates, an American private equity firm has obtained a small portion of shares in the Indian ...More
By Jaspreet Kaur
April 16, 2019
The California-based Wibmo will operate as a wholly owned subsidiary of PayU ...More
By Jaspreet Kaur
April 16, 2019
CureFit is actively acquiring companies to expand its business for almost a year now ...More
By Jaspreet Kaur
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta