{"id":15202,"date":"2024-02-23T11:46:13","date_gmt":"2024-02-23T06:16:13","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=15202"},"modified":"2025-03-10T11:53:10","modified_gmt":"2025-03-10T06:23:10","slug":"a-year-of-accelerating-success-for-businesses-with-razorpay","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/a-year-of-accelerating-success-for-businesses-with-razorpay\/","title":{"rendered":"Designed for Disruptors: A year of accelerating success for businesses with Razorpay"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Today, we hosted our annual fintech event, <a href=\"https:\/\/razorpay.com\/ftx\">FTX 2024<\/a>, and announced quite a line-up of products and product enhancements all designed to do one thing &#8211; be the one-stop money movement platform for disruptors, with real-time intelligent payment and banking solutions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Razorpay we want to ensure that the entire money flow in your organisation is made extremely simple, accessible, scalable and secure. We\u2019ll focus on all things money-movement while you focus on what you do best and disrupt the Indian economy with new ideas, new products, first-of-its-kind experiences.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From enhancing checkout experiences to revolutionising <a href=\"https:\/\/razorpay.com\/learn\/offline-payment\/\">offline payments<\/a>, streamlining payroll to pioneering advanced payout technologies, and from empowering banks with next-gen infrastructure to simplifying source-to-pay processes, our mission is clear: to empower businesses to drive growth and make every aspect of your money movement simple, swift and seamless.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The past year has been exhilarating, to say the least, where we introduced over 500 features.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this blog, we\u2019d like to take you through some of our marquee product launches and feature enhancements.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How We Empowered Businesses to Drive Growth and Boost Conversion Rate\u2026<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">With the magic of Checkout:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We introduced our <\/span><a href=\"https:\/\/razorpay.com\/blog\/https-razorpay-com-blog-razorpay-pg-threedotzero-launch\/\"><b>Payment Gateway 3.0<\/b><\/a><span style=\"font-weight: 400;\">, revolutionising payment processing with enhanced scalability, flexibility, and security. Razorpay\u2019s checkout is now designed to cover every aspect of your customer\u2019s journey and features solutions like Affordability Widget,\u00a0 RTO Reduction and Protection, Razorpay Trusted Business Widget and much more.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Magic Checkout by Razorpay <\/b><a href=\"https:\/\/razorpay.com\/blog\/reduce-cart-abandonment-razorpay-truecaller\/\"><b>integrates<\/b><\/a><b> with Truecaller<\/b><span style=\"font-weight: 400;\">, simplifying the checkout process and reducing <a href=\"https:\/\/razorpay.com\/blog\/what-is-abandoned-cart\/\">cart abandonment<\/a> rates in <a href=\"https:\/\/razorpay.com\/learn\/what-is-ecommerce\/\">eCommerce<\/a>, ensuring a seamless mobile number verification experience for users.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simplify checkout with Razorpay&#8217;s intuitive<\/span> <strong><a href=\"https:\/\/razorpay.com\/blog\/razorpay-otp-assist\/\">OTP features<\/a><\/strong><span style=\"font-weight: 400;\">, including Auto-Read, Auto-Fill, and Auto-Submit, delivering a smoother, more efficient transaction experience.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Boost website conversion rates effortlessly with <\/span><strong><a href=\"https:\/\/razorpay.com\/blog\/recent-razorpay-apps-rollouts\/\">Razorpay&#8217;s quick-to-activate<\/a><\/strong><span style=\"font-weight: 400;\"> e-commerce platform apps, ensuring buyer trust through trusted business widgets, and accelerating checkout with native card and COD payment options on Shopify and enabling seamless payment collection on Drupal, BigCommerce and OpenCart 4.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We\u2019ve <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-upi-number\/\"><b>simplified UPI collect<\/b><\/a><span style=\"font-weight: 400;\"> with seamless integration of UPI numbers, boosting user experience and conversion rates. Leveraging numeric digits associated with users&#8217; phone numbers, expect a 20 bps conversion increase post-rollout.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With <\/span><a href=\"https:\/\/razorpay.com\/blog\/sleek-and-swift-introducing-razorpay-direct-credit-card\/\"><b>Razorpay Direct Credit Cards<\/b><\/a><span style=\"font-weight: 400;\"> for Shopify you can easily integrate native credit card payments, enhancing customer satisfaction and streamlining transactions.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">With the awesomeness of UPI and cards<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With pre-sanctioned<\/span> <a href=\"https:\/\/razorpay.com\/blog\/razorpay-leads-the-way-with-credit-lines-on-upi\/\"><b>Credit Line at Banks through UPI<\/b><\/a><span style=\"font-weight: 400;\">, fostering economic growth and financial inclusion with low-ticket, high-volume retail loans.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With <\/span><a href=\"https:\/\/razorpay.com\/blog\/another-industry-first-razorpay-now-supports-credit-cards-on-upi\/\"><b>Credit Cards on UPI<\/b><\/a><span style=\"font-weight: 400;\">, Razorpay enables businesses to offer customers the convenience of paying on credit via UPI, eliminating upfront costs and enhancing customer satisfaction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Razorpay makes <\/span><a href=\"https:\/\/razorpay.com\/blog\/credit-cards-and-wallets-on-upi\/\"><b>prepaid wallets<\/b><\/a><span style=\"font-weight: 400;\"> more accessible by combining wallet experience with the extensive reach of UPI, allowing businesses to accept all wallet transactions without integration hassles and providing customers with unrestricted wallet usage.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">By making every purchase affordable\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase Conversion Rates with <strong><a href=\"https:\/\/razorpay.com\/blog\/razorpays-affordability-suite-for-higher-conversions\/\">Razorpay Affordability Suite<\/a><\/strong> by providing 24 flexible payment options such as credit and debit card EMIs, BNPL etc. to reduce cart abandonment and boost <a href=\"https:\/\/razorpay.com\/learn\/average-order-value-aov\/\">average order value<\/a>, ensuring a seamless checkout experience.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make high-value purchases more affordable, and increase your average order value by 45% increase in average order value with <strong>Discount Whisperer<\/strong> that is part of the Razorpay affordability suite that suggests how much more to shop for to unlock bigger discounts.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhance the overall <strong><a href=\"https:\/\/razorpay.com\/blog\/ditch-the-cart-abandonment-monster-unlock-conversion-magic\/\">EMI payment experience<\/a><\/strong> with Razorpay&#8217;s upgraded features. Conduct credit pre-eligibility checks, nudge hesitant buyers towards EMIs, recommend tailored EMI plans, and ensure inclusivity for all customer segments. In addition we\u2019ve also streamlined the experience to make it a lot more convenient for your customers.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With <strong><a href=\"https:\/\/razorpay.com\/blog\/flashcredit-revolutionizing-online-shopping-in-india\/\">FlashCredit<\/a><\/strong> you can now offer your customers credit approval in less than 10 minutes, leading to a 15% boost in sales, 4x revenue increase, and a 50% rise in average order value, thus reducing drop-offs and increasing purchase intent.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">No one likes failed payments, here\u2019s how we help businesses boost success rates<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Optimise for success<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tailored for businesses aiming to scale, <\/span><b>Optimizer Pro<\/b><span style=\"font-weight: 400;\"> offers advanced capabilities that makes it the premier choice for enterprise-level payment routing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/razorpay-launches-edge-routing-for-100-uptime-on-optimizer\/\"><b>Edge Routing on Optimizer<\/b><\/a> <span style=\"font-weight: 400;\">ensures uninterrupted <a href=\"https:\/\/razorpay.com\/blog\/what-is-payment-processing\/\">payment processing<\/a> that guarantees 100% uptime by routing payments to designated backup gateways or aggregators, eliminating the risk of a single point of failure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/learn-all-about-smart-routing-on-optimizer\/\"><b>Smart Router<\/b><\/a><span style=\"font-weight: 400;\"> empowers businesses with its AI-driven technology, boosting payment success rates by 10% and reducing costs by 5% through dynamic selection of the most suitable <a href=\"https:\/\/razorpay.com\/payment-gateway\/\">payment gateway<\/a>.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simplify the payment process with <\/span><a href=\"https:\/\/razorpay.com\/blog\/now-live-native-otp-on-razorpay-optimizer-choose-frictionless-checkout-experiences\/\"><b>Optimizer Native OTP<\/b><\/a><span style=\"font-weight: 400;\"> by enabling automatic reading and submission of OTPs on a Razorpay hosted page, eliminating the need for unfriendly mobile bank ACS pages.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With<\/span><a href=\"https:\/\/razorpay.com\/blog\/introducing-integration-audit-tool-from-optimizer-automatically-detect-issues-with-your-payment-gateway-integration-before-you-go-live\/\"> <b>Integration Audit Tool<\/b><\/a> <span style=\"font-weight: 400;\">businesses now have a seamless way to audit payment gateway integrations at the touch of a button.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/single-view-on-payments-across-all-pgs-with-razorpay-optimizer\/\"><b>Single View Recon on Optimizer<\/b><\/a><span style=\"font-weight: 400;\"> streamlines reconciliation for businesses managing multiple payments partners by offering a consolidated view.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">And when it comes to online commerce, we supercharge it!\u00a0<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/razorpay-magic-adtrack\/\"><b>Magic Checkout<\/b><\/a><span style=\"font-weight: 400;\"> elevates your online advertising and analytics with 100% accurate tracking, ensuring crystal-clear data across Facebook Ads, Google Ads, and GA4, enabling precise audience targeting and smarter bidding decisions for higher revenue and conversions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Razorpay\u2019s <\/span><a href=\"https:\/\/razorpay.com\/blog\/coupons-360\/\"><b>native Coupon Engine<\/b><\/a><span style=\"font-weight: 400;\"> within Magic Checkout, lets you offer diverse coupon types, simplified management, and a seamless user experience to drive higher sales and engagement.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce payment failures by 30% with <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-intelligent-payment-retry\/\"><b>Razorpay&#8217;s Next Best Action<\/b><\/a><span style=\"font-weight: 400;\">, which suggests alternative <a href=\"https:\/\/razorpay.com\/blog\/different-types-of-payment-methods\/\">payment methods<\/a>, enabling users to complete successful transactions quickly, boosting merchant revenue.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Crafted for speed and efficiency, <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-magicx-for-shopify-plus\/\"><b>MagicX<\/b><\/a><span style=\"font-weight: 400;\"> streamlines the checkout process, delivering a remarkable 40% boost in conversion rates and a 50% reduction in RTO rates, while providing pre-filled information and advanced fraud detection to address cart abandonment effectively.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Razorpay Magic Checkout introduces <\/span><a href=\"https:\/\/razorpay.com\/blog\/introducing-rto-analytics-dashboard\/\"><b>RTO Analytics<\/b><\/a><span style=\"font-weight: 400;\">, offering insights into minimising RTO rates, including total successful orders, risky orders, and automatic reimbursement for RTO costs, optimising eCommerce operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Boost brand credibility and reduce drop-offs with <\/span><a href=\"https:\/\/razorpay.com\/blog\/introducing-the-razorpay-trusted-business-widget\/\"><b>Razorpay&#8217;s Trusted Business Widget<\/b><\/a><span style=\"font-weight: 400;\">, seamlessly integrated on websites to validate legitimacy and foster brand recognition, creating a secure shopping environment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-pay-on-delivery-brings-last-mile-delivery-payments-at-half-the-cost\/\"><b>Pay on Delivery<\/b><\/a><span style=\"font-weight: 400;\"> get instant access to last-mile delivery payments offering secure alternatives to cash and slashing logistics costs in half, ensuring a smooth transition to digital payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">And, <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-magic-konnect\/\"><b>Magic Konnect<\/b><\/a><span style=\"font-weight: 400;\"> bridges the gap between brands and customers offering automated marketing campaigns, direct payment acceptance, and personalised customer support via WhatsApp, empowering businesses to enhance visibility, boost conversions, and deliver exceptional customer experiences.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">From Jarvis to Siri and now to your payments stack, we bring you the power of AI<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/meet-r-a-y-your-24-7-on-demand-ai-concierge\/\"><b>RAY<\/b><\/a><span style=\"font-weight: 400;\"> is your ultimate 24\/7 on-demand assistant, powered by AI, that is going to be a game-changer for your business. Boost productivity with trend monitoring, proactive interventions, and personalised recommendations available on WhatsApp, Razorpay Dashboard, and the Razorpay Mobile App.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revolutionise the way you access information with <\/span><a href=\"https:\/\/razorpay.com\/blog\/docs-ai-your-ultimate-guide-to-razorpay\/\"><b>Docs AI<\/b><\/a><span style=\"font-weight: 400;\">,<\/span> <span style=\"font-weight: 400;\">our groundbreaking chatbot, powered by AI. From product details to integration guides, Docs AI provides accurate, relevant responses in real-time, ensuring seamless communication and comprehensive coverage of all things Razorpay.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With our AI-powered <\/span><a href=\"https:\/\/razorpay.com\/blog\/ai-powered-dynamic-routing\/\"><b>Dynamic Router<\/b><\/a><span style=\"font-weight: 400;\"> you can now get industry-leading payment success rates. Our advanced models, trained on millions of data points, recommend optimal terminals, boosting success rates, reducing <a href=\"https:\/\/razorpay.com\/learn\/what-are-transaction-costs\/\">transaction costs<\/a>, and enhancing customer experiences.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Raising the bar of seamless payments, here\u2019s how we give you a 10\/10 experience\u00a0<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Razorpay\u2019s Dashboard<\/b><span style=\"font-weight: 400;\"> is designed to be your own dynamic financial cockpit, empowering you with detailed insights and seamless management of all your payments. From checkout conversion to POS device management, track payments and settlements across time zones and payment modes, improving performance and enabling rapid business growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Redefine financial data management with our <\/span><b>AI-powered Recon platform<\/b><span style=\"font-weight: 400;\">, offering intelligent automation, predictive analytics, and easy onboarding for businesses seeking efficiency and accuracy in their financial processes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Access critical payment insights in real-time with unprecedented speed, on <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-livedata-real-time-payments-data-streaming-for-merchants\/\"><b>Razorpay LiveData<\/b><\/a><span style=\"font-weight: 400;\">. Empower swift, informed decision-making and transform data into a strategic asset.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With <span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/razorpay.com\/blog\/enabling-merchant-success-razorpays-proactive-approach-to-downtime-management\/\"><strong>Razorpay\u2019s Downtime Detection Service<\/strong><\/a> <\/span>you can continuously monitor the payments ecosystem in real-time, generating signals for merchants to take preventive actions and ensure high success rates, enhancing reliability and performance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure over 99% of QR payments are confirmed in less than 5 seconds, minimising payment confirmation latency and optimising customer experience using <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-unveils-qr-payment-status-check-api\/\"><b>UPI QR Status Check API<\/b><\/a> <span style=\"font-weight: 400;\">on Razorpay.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prevent direct payments to VPAs from UPI apps on <\/span><a href=\"https:\/\/razorpay.com\/blog\/how-razorpay-qr-codes-help-prevent-money-loss\/\"><b>Razorpay QR Codes<\/b><\/a><span style=\"font-weight: 400;\">, reducing payment disputes and ensuring successful transactions by linking payments to specific order IDs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Streamline UPI payments dispute resolution with <\/span><a href=\"https:\/\/razorpay.com\/blog\/all-you-need-to-know-about-npci-led-udir\/\"><b>Razorpay&#8217;s UDIR<\/b><\/a><span style=\"font-weight: 400;\">, eliminating tedious processes and providing businesses and consumers with efficient fraud management and enhanced visibility.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">And when it\u2019s time to go global, we\u2019ll be your wings<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With our <\/span><a href=\"https:\/\/razorpay.com\/blog\/navigate-payment-risks-with-razorpays-shield-risk-engine\/\"><b>Risk Engine<\/b><\/a><span style=\"font-weight: 400;\"> ensure that all your international transactions are secure with the Risk Engine analysing over 10k data points, ensuring the highest level of security and reliability for your business.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Learn how to defend against <a href=\"https:\/\/razorpay.com\/blog\/what-is-a-chargeback\/\">chargebacks<\/a> and protect your business with our comprehensive <\/span><a href=\"https:\/\/razorpay.com\/blog\/all-you-need-to-know-about-chargebacks\/\"><b>Shield Chargeback Protection<\/b><\/a><span style=\"font-weight: 400;\"> solution, safeguarding your revenue and reputation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Start <\/span><strong><a href=\"https:\/\/razorpay.com\/blog\/razorpay-to-empower-india-expansion-for-international-businesses\/\">accepting payments in INR<\/a><\/strong><span style=\"font-weight: 400;\"> via UPI and Rupay without the need to set up an Indian entity, enabling international businesses to expand their reach seamlessly with Razorpay Payment Gateway.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unlock lost revenue for travel and education businesses by accepting <\/span><a href=\"https:\/\/razorpay.com\/blog\/all-you-need-to-know-about-razorpays-digilrs\/\"><b>digital LRS payments<\/b><\/a><span style=\"font-weight: 400;\"> via Razorpay, maximising revenue potential and enhancing customer satisfaction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Experience the ease of receiving international payments with<\/span> <a href=\"https:\/\/razorpay.com\/blog\/money-saver-export-account\/\"><b>India&#8217;s first Smart account<\/b><\/a><span style=\"font-weight: 400;\">, designed exclusively for Indian exporters, offering compliant solutions and streamlined processes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Razorpay<\/span> <a href=\"https:\/\/razorpay.com\/blog\/heres-how-businesses-leverage-the-power-of-razorpay-international-payments\/\"><b>International Payments Cards stack<\/b><\/a><span style=\"font-weight: 400;\"> lets you enjoy a 2x advantage with our comprehensive cards stack, featuring superior security, support for over 160 currencies, industry-leading pricing, and Shield protection, ensuring seamless transactions for your business.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enhanced and <\/span><a href=\"https:\/\/razorpay.com\/blog\/tired-of-chargebacks-find-out-how-razorpay-helps-you-to-handle-them-well\/\"><b>automated chargeback management<\/b><\/a> <span style=\"font-weight: 400;\">that helps you improve win rates, reduce resolution times, and ensure efficient resolution of disputes.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Empowering businesses with the best payments tech without a line of code<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simplify payment collection with your personalised <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-me\/\"><b>Razorpay.me link<\/b><\/a><b>,<\/b><span style=\"font-weight: 400;\"> eliminating the need for multiple payment links and streamlining the payment process for your customers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Boost conversion rates with our <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-failed-payment-recovery\/\"><b>Failed Payment Recovery<\/b><\/a><span style=\"font-weight: 400;\"> solution, which automatically sends payment links to customers for failed transactions, providing a second chance to complete sales without the need for additional integrations.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Powering the payments infrastructure for the future of payments in India<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Here\u2019s how we help banks:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Leverage next-gen Cloud-first technology to build an end-to-end <\/span><a href=\"https:\/\/razorpay.com\/blog\/powering-the-future-of-upi-with-cloud-first-upi-infrastructure\/\"><b>UPI stack<\/b><\/a><span style=\"font-weight: 400;\">, offering scalable and reliable infrastructure, superior performance leading to higher success rates, and faster go-to-market for new features.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>EvolveHQ <\/b><span style=\"font-weight: 400;\">by Razorpay revolutionises payments infrastructure with a comprehensive solution tailored for Indian banks, augmenting existing payment stacks with cutting-edge innovations. By integrating powerful payment methods like UPI and cards, EvolveHQ empowers banks to improve success rates, enhance customer experiences, and drive revenue growth economically and technically.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Here\u2019s how we help businesses:\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/upi-acquiring-switch-your-gateway-to-everything-upi\/\"><b>Razorpay&#8217;s UPI Switch<\/b><\/a><span style=\"font-weight: 400;\"> gives you an end to end UPI stack. With features like 5x faster access to innovations, 5000+ TPS, and &lt;100 MS latency, it enables businesses to offer a scalable, reliable, and agile experience on UPI payments, freeing them from dependencies on multiple intermediaries.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Say goodbye to legacy systems and launch your UPI App fast with <\/span><a href=\"https:\/\/razorpay.com\/blog\/introducing-razorpay-upi-tpap-pro\/\"><b>TPAP Pro<\/b><\/a><span style=\"font-weight: 400;\">. Integrate in under a month, reach millions with visibility on our checkout, and ensure seamless payments with real-time routing among multiple banks. Focus on your business while we take care of your infrastructure.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Redefining retail and revolutionising offline payments\u00a0<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Here\u2019s how we unlock POSsibilities!\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transform offline payments with our Razorpay POS. Our Tap &amp; Scan Soundbox revolutionises transactions by embedding <\/span><a href=\"https:\/\/razorpay.com\/blog\/cutting-edge-qr-innovations-for-enterprise-retail\/\"><b>QR codes<\/b><\/a><span style=\"font-weight: 400;\"> with bill amounts, offering dual functionality for Credit\/Debit Cards or QR payments. Powered by AI, automated reconciliation ensures accuracy, while Razorpay BillMe drives engagement with lightning-fast deployment and personalised experiences.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provide a seamless in-store payment experience with <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-pos-instant-upi-refunds-in-store-payments\/\"><b>instant refunds for failed UPI transactions<\/b><\/a> <span style=\"font-weight: 400;\">within 2 minutes, compared to the industry standard of 5 to 6 business days. With Razorpay POS device&#8217;s automated system, the refund process takes a maximum of 2 minutes, significantly improving checkouts and customer satisfaction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/newsroom\/razorpay-pos-awarded-first-prize-at-rbis-global-hackathon-harbinger-for-drishtipay-a-solution-which-facilitates-ease-to-use-digital-payments-for-visually-impaired\/#:~:text=INDIA%2C%20Bengaluru%2C%2020%20October%202023,UPI%20payments%20for%20the%20visually\"><b>DrishtiPay<\/b><\/a><span style=\"font-weight: 400;\"> facilitates easy-to-use, innovative Card and UPI payments for the visually impaired. Seamlessly integrating with UPI apps and cards, DrishtiPay operates even without an internet connection, ensuring accessibility and inclusion in financial services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Addressing payment challenges head-on, <\/span><a href=\"https:\/\/razorpay.com\/blog\/razorpay-dynamic-soundbox-for-upi-payments-at-the-point-of-sale\/\"><b>Dynamic Soundbox<\/b><\/a><span style=\"font-weight: 400;\"> offers a one-stop UPI solution with audio and visual payment confirmation capabilities. By generating dynamic QR codes directly on the device, cashiers can eliminate manual input, reduce billing time, and enhance efficiency at the point of sale.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Razorpay POS also has a wide range of <\/span><a href=\"https:\/\/razorpay.com\/blog\/cutting-edge-qr-innovations-for-enterprise-retail\/\"><b>QR payment solutions<\/b><\/a><span style=\"font-weight: 400;\"> and form factor innovations tailored for enterprise retailers. From Tap &amp; Scan Soundbox to WearPay Smartwatch and Android Mini Smart POS Pro, these innovations revolutionise the payment experience, ushering in a seamless, omnichannel commerce era.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Harness the power of AI with <\/span><a href=\"https:\/\/razorpay.com\/blog\/revolutionizing-financial-reconciliation-with-razorpay-recon\/\"><b>Razorpay Recon<\/b><\/a><span style=\"font-weight: 400;\">, a game-changing reconciliation platform offering intelligent automation, predictive analytics, and effortless onboarding for businesses seeking efficiency and accuracy in financial data management.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">And for all things digital billing\u2026<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/everything-you-need-to-know-about-razorpaybillme\/\"><b>Razorpay BillMe<\/b><\/a><span style=\"font-weight: 400;\"> has\u00a0 revolutionised customer engagement and repeat purchases. With digital bills, you can convert paper bills to GST compliant digital bills, enhancing convenience and compliance. Our platform collects, organises, and gains insights from multiple channels, and helps you optimise customer engagement strategies and lets you utilise digital invoices to drive higher retention, increase sales through intelligent targeting, personalised offers, and cross-sell opportunities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u00a0Automate data collection and ensure a seamless in-store checkout experience with A<\/span><b>uto Fetch on Razorpay POS<\/b><span style=\"font-weight: 400;\">. Minimise manual errors, achieve best-in-class data accuracy, and enhance targeting and retention for improved customer satisfaction and sales.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">We\u2019ve reimagined Payroll for enterprises<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easy integration of <\/span><a href=\"https:\/\/razorpay.com\/payroll\/razorpayx-payrolls-universal-hrms\/\"><b>RazorpayX Payroll&#8217;s Universal HRMS <\/b><\/a><span style=\"font-weight: 400;\">and<\/span> <span style=\"font-weight: 400;\">seamlessly bridging the gap between HR and finance systems. Enjoy automated employee onboarding and offboarding, along with real-time alerts for employee status changes, with over 25 HRMS integrations including SAP SuccessFactors and Oracle HCM.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Say goodbye to delayed salaries and compliance issues with <\/span><a href=\"https:\/\/razorpay.com\/payroll\/revolutionizing-payroll-with-automation-razorpayx-payroll-for-enterprise\/\"><b>RazorpayX Payroll&#8217;s<\/b><\/a><span style=\"font-weight: 400;\"> cutting-edge technology is tailored for Large Enterprises with 45+ HRMS partners, advanced enterprise features, and customizations to streamline payroll processes and ensure compliance.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Payouts were never this seamless and efficient\u00a0<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/razorpayx-payouts-pro-launching-indias-only-ai-powered-multi-bank-router\/\"><strong>RazorpayX <\/strong><b>Payouts Pro <\/b><\/a><span style=\"font-weight: 400;\">launched India&#8217;s Only &#8211; AI-powered Multi-Bank Router, a breakthrough in the payouts technology. A first-ever smart routing engine backed by state-of-the-art downtime detection algorithm for your Current\/Escrow Accounts to offer success rates greater than 99.8%.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simplify operations for NBFCs &amp; Fintechs with RazorpayX&#8217;s comprehensive <\/span><a href=\"https:\/\/razorpay.com\/blog\/business-banking\/digital-lending-guidelines-2022\/\"><b>digital lending tech stack<\/b><span style=\"font-weight: 400;\">.<\/span><\/a><span style=\"font-weight: 400;\"> While we handle the tech for you can focus on growing your business.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure instant, reliable, and affordable bank account verifications with <\/span><b>RazorpayX\u2019s Instant Bank account verification<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Effortless control over every aspect of source-to-pay\u00a0<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We\u2019ve solved expense management headaches for retail chains and businesses with <\/span><a href=\"https:\/\/razorpay.com\/blog\/introducing-upi-petty-cash-plus-transforming-business-expense-management\/\"><b>UPI Pettycash+<\/b><\/a><span style=\"font-weight: 400;\"> by seamlessly integrating UPI technology, enhancing operational efficiency, budget compliance, and bottom-line growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Our <\/span><a href=\"https:\/\/razorpay.com\/blog\/unleash-the-power-of-your-erp-with-razorpayx-erp-maximiser\/\"><b>ERPMaximiser<\/b><\/a><span style=\"font-weight: 400;\"> transforms ERP systems by streamlining vendor onboarding, enhancing communication, and unlocking working capital. With seamless integrations and customizable workflows, businesses optimise operations, drive efficiency, and unlock growth potential.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With the <\/span><a href=\"https:\/\/razorpay.com\/blog\/demystifying-your-gst-input-tax-credit-introducing-the-gst-input-tax-credit-checker\/\"><b>Input Tax Credit Checker<\/b><\/a><span style=\"font-weight: 400;\"> we\u2019ve now put GST ITC recovery on auto-pilot, ensuring savings with automated risk identification, credit recovery, and cash flow reconciliation.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/razorpay.com\/blog\/vendor-shield-your-gateway-to-trusted-partners-in-procurement\/\"><b>Vendor Scorecard<\/b><\/a><span style=\"font-weight: 400;\"> grades vendors based on multiple parameters to help merchants identify trusted vendors easily.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">And we haven\u2019t forgotten about the next generation of Disruptors<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Rize-ing to the challenge\u00a0<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Razorpay Rize<\/b><span style=\"font-weight: 400;\"> is a startup program focused on the growth journey of early stage and bootstrapped startups who have raised no more than $5M in funding can be a part of this incubator program designed for the disruptors of tomorrow. Whether you&#8217;re just starting out or looking to scale, Rize empowers early-stage startup founders with the right knowledge, unwavering support, and expert guidance.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">To sum up\u2026<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Our commitment to supporting the disruptors of today&#8217;s business landscape remains steadfast. At Razorpay, we are continuously innovating and expanding our lineup of products to ensure the most seamless payment experiences for businesses and end customers alike.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we look ahead to the future, and with India poised to have over 600 million users digitally transacting within the next 5-10 years, we are excited to be a part of this transformative journey, empowering businesses to thrive in a digital economy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Together, let&#8217;s create a future where payments are effortless, efficient, and accessible to all.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, we hosted our annual fintech event, FTX 2024, and announced quite a line-up of products and product enhancements all designed to do one thing &#8211; be the one-stop money movement platform for disruptors, with real-time intelligent payment and banking solutions.\u00a0 At Razorpay we want to ensure that the entire money flow in your organisation<\/p>\n","protected":false},"author":103,"featured_media":15269,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[559],"tags":[599,600,271],"class_list":{"0":"post-15202","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ftx","8":"tag-ftx2024","9":"tag-razorpay-payments","10":"tag-razorpayx"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/15202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=15202"}],"version-history":[{"count":8,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/15202\/revisions"}],"predecessor-version":[{"id":21396,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/15202\/revisions\/21396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/15269"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=15202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=15202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=15202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}