Fintech Razorpay eyes global brands for high-margin biz in run-up to IPO

Digital payment major Razorpay is focussing on deploying its payments stack to large global brands in a bid to grow the cross-border business, which has better gross margins. The platform already serves international clients such as Replit, Airbnb, Decathlon, and McDonald’s, among others.

Competing with the likes of Stripe and Adyen, which have also set up India businesses and have secured regulatory licences as well, Harshil Mathur, chief executive officer (CEO), said that Razorpay offers full-stack Indian digital payment services across UPI, cards, UPI Autopay, recurring payments, and others.