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
August 06, 2018
Nearby Technologies allows lakhs of retailers and merchants to offer bill payment service to their c ...More
By Shah Mohsin
August 06, 2018
The lender will deploy the funds to expand its presence across its already established markets as we ...More
By Shah Mohsin
August 04, 2018
The two acquisitions will generate employment opportunities from Ebix in India by around 400 employe ...More
By Shah Mohsin
August 03, 2018
Ziffy Technologies run ZiffyHomes is functional only in Delhi-NCR and is looking to venture to other ...More
By Shah Mohsin
August 03, 2018
The startup will use the funds to ramp up its bandwidth capabilities. ...More
By Shah Mohsin
August 02, 2018
The company sold 50,000 cases across rum and brandy in FY18 and is looking to sell over 2 lakh cases ...More
By Shah Mohsin
August 02, 2018
The 50-member startup, offers two flagship products a chatbot for sales and support, and a business ...More
By Shah Mohsin
August 01, 2018
The Rs 300 crore new pump in of the funds marks the maiden NCD transaction with mutual funds with Le ...More
By Shah Mohsin
July 31, 2018
The announcement comes a month after Five Star had received investment offers from two PE firms incl ...More
By Shah Mohsin
July 31, 2018
The software supports eight regional languages, works offline and has a light SDK (software develope ...More
By Shah Mohsin
July 31, 2018
The Mumbai-based firm said it will consume the raised capital fortify its existing product portfolio ...More
By Shah Mohsin
July 30, 2018
Prime Minister Narendra Modi, felicitated Infosys' upcoming facility, as part of the 'Rising UP, Pow ...More
By Shah Mohsin