{"id":871741,"date":"2024-10-30T09:22:04","date_gmt":"2024-10-30T03:52:04","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=871741"},"modified":"2024-10-30T09:26:59","modified_gmt":"2024-10-30T03:56:59","slug":"razorpays-payment-gateway-business-clocks-%e2%82%b92068-crore-in-revenue-for-fy24","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/30\/razorpays-payment-gateway-business-clocks-%e2%82%b92068-crore-in-revenue-for-fy24\/","title":{"rendered":"Razorpay\u2019s payment gateway business clocks \u20b92,068 crore in revenue for FY24"},"content":{"rendered":"<p>Razorpay\u2019s payment gateway business reported a 24% revenue growth to \u20b92,068 crore for the fiscal year ended March 2024, overcoming the Reserve Bank of India\u2019s (RBI) restrictions that barred it from onboarding new merchants for nine months. <\/p>\n<p>The Bengaluru-based fintech, valued at over $7 billion, reported a net profit of \u20b934 crore\u2014sharply up from \u20b97 crore in FY23, according to filings with the Registrar of Companies (ROC). Its payment gateway segment, which contributes 75% of the firm\u2019s total revenue, led this performance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Razorpay\u2019s payment gateway business reported a 24% revenue growth to \u20b92,068 crore for the fiscal year ended March 2024, overcoming the Reserve Bank of India\u2019s (RBI) restrictions that barred it from onboarding new merchants for nine months. The Bengaluru-based fintech, valued at over $7 billion, reported a net profit of \u20b934 crore\u2014sharply up from \u20b97 crore in FY23, according to filings with the Registrar of Companies (ROC). Its payment gateway segment, which contributes 75% of the firm\u2019s total revenue, led this performance.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-871741","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/871741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=871741"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/871741\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=871741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=871741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=871741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}