Empowering Businesses Globally
In today’s interconnected world, businesses face the challenge of simplifying payments to drive growth and innovation. At Razorpay, we understand this challenge firsthand. Originating from India, where we’ve transformed the digital payment landscape for millions of businesses, our vision extends globally: to empower enterprises worldwide with seamless, efficient, and reliable payment solutions.
Venturing into Malaysia: Seizing Opportunities
Over a year ago, Razorpay initiated a strategic expansion into Malaysia with Curlec by Razorpay, propelled by the recognition of the country’s dynamic business landscape and promising economy. Leveraging digital technology adoption and trade opportunities, Malaysia and its businesses are poised for significant economic growth, forecasted to reach $52.7 billion by 2030, according to industry sources. Curlec by Razorpay combines India’s advanced tech capabilities with a deep understanding of Malaysia’s payment ecosystem, providing businesses with an integrated gateway solution to streamline transactions, automate payouts, and enhance customer-centric operations.
Curlec’s Integration Milestones: Connecting Businesses
In the past year, Curlec has achieved significant milestones, integrating with multiple banks, networks, and payment partners to ensure comprehensive payment coverage. Businesses can now accept domestic and cross-border payments through various channels, including cards (Visa, MasterCard, UnionPay), FPX, and major e-wallets like Touch ‘N Go, GrabPay, and Boost. With direct network connectivity for major methods, Curlec supports high success rates and revenues for businesses, facilitating seamless transactions for both merchants and customers.
Compliance Excellence: Upholding Regulatory Standards
Compliance is a cornerstone of Curlec’s operations, with the company attaining regulatory recognition from Bank Negara Malaysia (BNM), becoming a non-bank member of Payments Network Malaysia Sdn Bhd (PayNet) while also ensuring compliance with leading industry standards such as ISO 27001, PCI DSS and SOC2. This commitment underscores Curlec’s dedication to adhering to regulatory standards and ensuring a secure and trusted payment environment for businesses and consumers alike.
Seamless Solutions: Enhancing Customer Experience
Driven by a commitment to meeting businesses’ needs, Curlec makes accepting payments easy; Payments Uncompromised. This philosophy ensures a smooth journey across the platform, from dashboard navigation to one-click refunds, to customer support and checkout experience. As a result, over 2000 businesses have leveraged Curlec’s solutions to simplify payments, achieving increased efficiency and customer satisfaction. Among them are industry leaders like Nateskin and Kualesa, who have experienced significant improvements in transaction performance and cost savings.
“Switching to Curlec was one of the best decisions made for Nateskin. The transition was seamless – where we were onboarded within a day. Not only has our FPX and eWallet transaction been improved by a staggering 51.3%, we also enjoyed a 20% cost savings in processing fees. Curlec truly offers a blend of cost-efficiency, ease of use, and top-notch support.” – Jared Chuah, Head of Growth & Co-founder of Nateskin
“The Curlec user interface is definitely superior to other players in the market. Qualitatively it’s a more streamlined experience for our customers, resulting in an improved experience in clicks-to-checkout by 43%. Payment Pages have streamlined corporate and group apparel orders, making it easier to track payments and attribution. We also reduced transaction fees by 18% in comparison to previous Malaysian FPX and wallet gateway.” – Ariff Faisal, Co-founder & CEO of Kualesa
Driving Innovation: Contributing to Malaysia’s Digital Transformation
As innovation and digital transformation accelerate in Malaysia, Curlec by Razorpay aims to drive the adoption of DuitNow, enabling real-time payment processing across the country. This strategic initiative aligns with Bank Negara Malaysia’s vision of a cashless society and positions Curlec to play an active role in Malaysia’s digital evolution. Looking ahead, Curlec will continue to innovate and develop industry-tailored solutions to simplify payments and drive automation for businesses across diverse sectors.
Global Expansion Readiness: New Market Penetration
Razorpay is committed to extending its reach to new geographies, ensuring that its product suite and services are tailored to meet the unique needs of each market. Through rigorous internationalization efforts, Razorpay has enhanced its platform’s adaptability and scalability, enabling seamless integration with diverse regulatory environments, currencies, and payment methods. This strategic approach enables Razorpay to swiftly enter new markets and provide localized solutions that resonate with businesses and customers alike. With a focus on internationalization, Razorpay stands ready to empower businesses across the globe, driving growth and innovation in every corner of the world.
If you are a business looking to venture into the unknown, reach out to us and let us jumpstart your expansion globally!
