Razorpay partners with CRED, Visa for CardSync payment solution to enable one-tap payments across online stores

Razorpay has launched CardSync, a new payment solution developed in partnership with CRED and Visa that enables customers to use their saved credit cards across any online store using Razorpay’s checkout system with a single tap.

The ecosystem-wide tokenization solution addresses a critical problem in Indian e-commerce: nearly 40% of card payment failures occur due to issues like expired cards, incorrect entry, or customers not having their cards readily available during checkout. Only 40% of users currently complete the tokenization process, according to Razorpay data.