Razorpay eyes $750 billion P2M payments by 2030, says CFO Arpit Chug

The startup, which is valued at over $7 billion, is intensifying its efforts to achieve profitability in all its businesses and move its domicile to India, as it is planning an initial public offering (IPO) in 2-3 years.

Fintech giant Razorpay is eyeing to capture a significant portion of India’s digital P2M (person-to-merchant) payments market and expects its payment volume to grow to about $750 billion by that time. The Bengaluru-based firm estimates that the country’s P2M payments market will likely reach $4 trillion by 2030.