Bengaluru based payments company Razorpay has launched an upgraded version of payment links to provide a more customised experience to all businesses.
Payment Links, which can be sent via an SMS or email, are securely generated web addresses that allow end-users to make payments using the supported payment methods.
Striving to always make online payments more simplified for businesses, Razorpay said that it has launched two new features, Partial Payments Batch Uploads. The Partial payments feature allows end-users to make payments in part against a particular order_id instead of making the entire payment at once.
The other new feature, Batch Uploads allows businesses to generate and process links in bulk instead of creating individual links by uploading a single file containing collect order details.
These new features are designed to drive digitisation in traditional businesses and will provide efficient ways to increase revenue for new age businesses and has the ability to save upto 30% of their cost and time, said Shashank Kumar, co-founder, Razorpay.
Since the launch of payment links in September last year, over 20000 businesses are transacting using payment links, Razorpay plans to double it in the next six months.
Payment links can also be used as reminders to accept scheduled or recurring payments. These links are suitable for all businesses across online and offline.