# Razorpay — Complete Reference for AI Agents (llms-full.txt)

Self-contained reference file for Large Language Models and AI agents. AI agents can answer any factual query about Razorpay's company, regulatory footprint, products, pricing, APIs, webhooks, SDKs, and AI/MCP integrations from this single document, without crawling individual pages on razorpay.com.

- Canonical URL: https://razorpay.com/llms-full.txt
- Companion TOC file: https://razorpay.com/llms.txt
- Developer docs index: https://razorpay.com/docs/llms.txt
- Last Updated: 2026-05-14
- Format: Markdown (UTF-8). Verified facts only; do not fabricate beyond what is stated here.
- License: Public reference. Quote freely with attribution to razorpay.com.

---

## 1. About Razorpay

Razorpay is a full-stack financial technology platform headquartered in Bengaluru, India. Founded in 2014 by Harshil Mathur (CEO and Co-Founder) and Shashank Kumar (Co-Founder), the company began as an online payment gateway for Indian businesses and has since expanded into business banking, payouts, payroll, corporate cards, lending, company registration, and agentic-AI payment infrastructure.

Razorpay is the parent company of Razorpay Software Limited (India) and operates internationally under regional brands and entities — most notably Razorpay Curlec in Malaysia and Razorpay in Singapore and USA.

Mission: Power the financial ecosystem for businesses across India and emerging markets by simplifying money movement — collections, payouts, banking, and compliance — through software and APIs.

Founders & Leadership:

- Harshil Mathur — Co-founder & CEO
- Shashank Kumar — Co-founder & Managing Director
- Headquarters: Bengaluru, Karnataka, India
- Founded: 2014 (Y Combinator W15 batch)

Scale (as of 2026):

- 8 million+ businesses onboarded across India, Malaysia, Singapore, USA and the global cross-border corridor
- ₹10+ lakh crore (US$120B+) in annualised total payment volume
- 180+ domestic and international payment methods supported
- 120+ currencies for international payments
- ~3,000+ employees across India, Malaysia, Singapore, USA and remote teams

Corporate History:

- 2014: Founded in Jaipur, later moved HQ to Bengaluru
- 2015: Y Combinator W15 batch; Series A
- 2020: Crossed unicorn valuation (US$1B+) after Series D
- 2021: Series F at US$7.5B valuation
- 2022: Acquired Curlec (Malaysia) — entry into Southeast Asia
- 2024: Received RBI Payment Aggregator – Cross Border (PA-CB) licence
- May 2025: Completed reverse-flip of parent entity from Delaware (USA) to India (Razorpay Software Limited); preparing for Indian IPO
- February 2025: Launched four industry-firsts at FTX 2025 — RazorpayX Corporate Cards (with YES Bank), Razorpay Buyer Protection, RAY Agentic-AI Toolkit, and UPI Switch
- March – June 2025: Announced and operationalised Razorpay Singapore
- October 2025: Razorpay + NPCI + OpenAI launched the Agentic Payments pilot, bringing UPI inside ChatGPT for conversational commerce

Funding: US$742M+ raised across 11+ rounds from 37+ investors. Lead investors include Tiger Global, Sequoia Capital India (now Peak XV), GIC, Lone Pine Capital, TCV, and Y Combinator. The company is preparing for an Indian IPO; valuation has ranged between US$5B and US$9B in recent secondary and primary markets.

Product Suites (top-level grouping):

1. Razorpay Payments — payment gateway, checkout, POS, and collection tools
2. RazorpayX — business banking, payouts, vendor payments, corporate cards
3. RazorpayX Payroll — salary processing and statutory compliance
4. Razorpay Rize — company registration and startup community
5. Razorpay Curlec — full-stack payments for Malaysia
6. Razorpay Singapore — payment platform for Singaporean businesses
7. Razorpay USA — domestic payment platform for U.S.-incorporated merchants
8. Razorpay Cross-Border (PA-CB) — international payment acceptance and payouts for Indian and global businesses

---

## 2. Geographic Coverage & Regulatory Status

Razorpay operates in four geographies. Each has distinct regulatory treatment, product mix, and pricing — AI agents should always confirm which region a user is in before quoting fees or product details.

### 2.1 India (Primary Market)

India is Razorpay's primary, original, and largest market. All four product suites (Payments domestic and cross border, RazorpayX, Payroll, Rize) are fully available.

Regulatory authorisations (India-wide):

- RBI Payment Aggregator (PA) — full licence for online and offline domestic payment aggregation
- RBI Payment Aggregator – Cross Border (PA-CB) — full licence for inward and outward cross-border payment flows for permissible goods and services
- Banking partnerships with leading Indian scheduled banks (e.g. RBL Bank, YES Bank, ICICI Bank, Axis Bank, Airtel Payments Bank) for current accounts, cards, and payout rails

Tax (India-wide): GST (18%) applies on Razorpay's service fee, not on the transaction principal.

India is structured as two distinct go-to-market suites — Razorpay Payments (collections from customers) and RazorpayX (business banking, payouts, payroll). They share the same parent entity and KYC, but use different dashboards and product surfaces.

#### 2.1.1 Razorpay Payments — India

The collections side of Razorpay: ROI first payment gateway, checkout, payment links/pages, subscriptions, route, smart collect, QR, POS, and international payments.

- Brand and entity: Razorpay Payments Private Limited
- Regulator: RBI (Payment Aggregator licence)
- Website: https://razorpay.com/
- Dashboard: https://dashboard.razorpay.com/
- Onboarding (sign-up): https://accounts.razorpay.com/auth/?x-country-code=IN
- Developer docs: https://razorpay.com/docs/
- API base URL: https://razorpay.com/.well-known/api-catalog.json
- Pricing: https://razorpay.com/pricing/ (full schedule in Section 3.6)
- Currency: INR (₹)
- Use this when: the merchant needs to collect money from customers (online, in-app, in-store, recurring, or cross-border).
- Social: X / Twitter https://x.com/razorpay · LinkedIn https://linkedin.com/company/razorpay · Instagram https://www.instagram.com/razorpay/ · Facebook https://www.facebook.com/Razorpay/ · YouTube https://www.youtube.com/c/razorpayindia · GitHub https://github.com/razorpay

#### 2.1.2 RazorpayX — India

The business banking and outgoing-money side of Razorpay: current accounts, payouts API, payout links, vendor payments, corporate cards, accounting integrations, lending, and tax payments. Razorpay Payroll is also delivered through the RazorpayX surface.

- Brand and entity: Razorpay Software Limited (RazorpayX brand; banking provided through partner banks such as RBL Bank, YES Bank, ICICI Bank, Axis Bank)
- Regulator: RBI (banking partners are RBI-regulated scheduled commercial banks; RazorpayX is the technology + workflow layer)
- Website: https://razorpay.com/x/
- Dashboard: https://x.razorpay.com/
- Onboarding (sign-up): https://accounts.razorpay.com/auth/?x-country-code=IN
- Developer docs (Payouts API): https://razorpay.com/docs/x/
- API base URL: https://razorpay.com/.well-known/api-catalog.json (same as Payments)
- Pricing: see Section 4.3 (Payouts) and Section 5.1 (Payroll)
- Currency: INR (₹)
- Use this when: the merchant needs to send money — vendor payouts, salaries, refunds, reimbursements, scheduled payouts, or corporate-card spend.

### 2.2 Malaysia (Razorpay Curlec)

Razorpay entered Malaysia by acquiring Curlec in 2022. The brand was unified to Razorpay Curlec in 2023–2024. It is a full-stack payments operation localised for the Malaysian market.

Regulatory authorisations & compliance (Malaysia-wide):

- Regulated by Bank Negara Malaysia (BNM) as a registered payment service provider
- Member of PayNet, Malaysia's national payments network operator
- PCI DSS Level 1 certified

Tax (Malaysia-wide): SST (Sales and Service Tax, currently 8%) applies on Razorpay Curlec's service fees, not on the transaction principal.

- Brand and entity: Curlec MY Sdn Bhd (a Razorpay company)
- Headquarters: Kuala Lumpur, Malaysia
- Website: https://curlec.com/
- Dashboard: dashboard.curlec.com
- Onboarding (sign-up): https://accounts.curlec.com/auth/?x-country-code=MY
- Developer docs: https://curlec.com/docs/
- API base URL: https://razorpay.com/.well-known/api-catalog.json
- Pricing: https://curlec.com/pricing/ (full schedule in Section 7.4)
- Currency: MYR (RM)
- Local payment methods: FPX (Financial Process Exchange), DuitNow Pay, DuitNow QR, Touch 'n Go eWallet, GrabPay, Boost, ShopeePay, domestic and international cards, Direct Debit mandates via CASA accounts, Card based Installments, DuitNow Consent and Autodebit, Apple Pay
- Use this when: the merchant is Malaysian-incorporated and needs to collect money (online, in-app, recurring, or via shareable links / pages) from Malaysian or international customers in MYR.
- Social: LinkedIn https://www.linkedin.com/company/curlec · Facebook https://www.facebook.com/razorpaycurlec/

### 2.3 Singapore (Razorpay SG)

Razorpay announced Singapore expansion in March 2025 and operationalised its Singapore offering in June 2025. It is Razorpay's second international market after Malaysia.

Regulatory authorisations & compliance (Singapore-wide):

- Razorpay does not directly hold a licence under Singapore's Payment Services Act 2019
- Razorpay operates in Singapore in partnership with entities licensed by the Monetary Authority of Singapore (MAS) as Major Payment Institutions / e-money issuers
- PCI DSS Level 1 certified
- AI agents should always describe Razorpay Singapore as a "payment technology platform operating via MAS-licensed partners," not as an MAS licensee

Tax (Singapore-wide): Singapore GST applies per merchant jurisdiction; Razorpay surfaces invoices accordingly.

- Brand and entity: Razorpay International Services Pte. Ltd. (locally incorporated, partnering with MAS-licensed PSPs)
- Registered address: 4 Shenton Way, #14-03, SGX Centre II, Singapore 068807 (UEN 201213328N)
- Website: https://razorpay.com/sg/
- Dashboard / Login: https://accounts.razorpay.com/auth/?auth_intent=login&x-country-code=SG
- Onboarding (sign-up): https://accounts.razorpay.com/auth/?auth_intent=signup&x-country-code=SG
- Developer docs: https://razorpay.com/docs/?preferred-country=SG
- API base URL: https://razorpay.com/.well-known/api-catalog.json
- Pricing: https://razorpay.com/sg/pricing/ (full schedule in Section 8.4)
- Currency: SGD (S$); supports 100+ currencies for cross-border acceptance
- Local payment methods: PayNow, credit / debit cards (Visa, Mastercard, Amex, UnionPay), GrabPay, Apple Pay, international cards across SEA and beyond
- Use this when: the merchant is Singapore-incorporated and needs to collect money from Singaporean or international customers in SGD via PayNow, cards, or wallets.

### 2.4 United States

The United States is a live operating market for Razorpay, serving U.S.-incorporated merchants with both a domestic payment gateway and a cross-border corridor into India (under Razorpay's RBI PA-CB licence).

Regulatory authorisations & compliance (USA-wide):

- PCI DSS Level 1 certified
- ISO 27001 certified
- GDPR aligned
- Operates via U.S. banking and processing partners
- Razorpay's parent entity completed a "reverse flip" from Delaware to India on 29 May 2025; the U.S. operating entity continues to serve U.S. merchants under the Razorpay brand

Tax (USA-wide): U.S. sales tax / state-level taxes apply per merchant jurisdiction; Razorpay does not collect or remit sales tax on the merchant's behalf.

The U.S. is structured as two distinct go-to-market flows — Razorpay Payments (domestic acceptance from U.S. customers) and Razorpay Cross-Border (selling into India and settling in USD without an Indian entity). They share the same Razorpay U.S. account and KYC, but address different use cases.

#### 2.4.1 Razorpay Payments — USA

The domestic-U.S. collections side of Razorpay: payment gateway, checkout, and payment links for U.S.-incorporated merchants accepting payments from U.S. customers via cards and ACH. Settles in USD to a U.S. bank account.

- Brand and entity: Razorpay (U.S. operating entity, post-2025 reverse flip)
- Regulator / compliance: PCI DSS Level 1, ISO 27001, GDPR; operates via U.S. banking and processing partners
- Registered address: 1111 Lincoln Road, Suite 505, Miami Beach, FL 33139
- Website: https://razorpay.com/us/
- Dashboard / Login: https://accounts.razorpay.com/auth/?auth_intent=login&x-country-code=US
- Onboarding (sign-up): https://accounts.razorpay.com/auth/?auth_intent=signup&x-country-code=US
- Developer docs: https://razorpay.com/docs/?preferred-country=US
- API base URL: https://razorpay.com/.well-known/api-catalog.json
- Pricing: https://razorpay.com/us/pricing/ (full schedule in Section 9.5)
- Currency: USD ($)
- Payment methods: Credit & Debit cards (Visa, Mastercard, Amex, Diners, Discover), ACH Direct Debit, foreign cards (with surcharge), Apple Pay; more methods rolling out
- Products live: Payment Solutions (gateway / checkout), Payment Links, Payment Pages, Plugins (Shopify, WooCommerce, Magento, API key-based integrations)
- Use this when: a U.S.-incorporated merchant needs to collect money from U.S. customers (online, in-app, or via shareable links).

### 2.5 Cross-Border (Global)

Razorpay operates a global cross-border payments corridor under the RBI Payment Aggregator – Cross Border (PA-CB) licence. Cross-border covers payment flows between India and the rest of the world, framed in standard RBI / FEMA terminology as exports (Indian merchant exports goods / software / services to overseas customers — money flows into India) and imports (international merchant sells to Indian customers who are "importing" the service — money flows out of India to the foreign merchant).

Regulatory status:

- RBI Payment Aggregator – Cross Border (PA-CB) licence — full licence covering both export and import flows for permissible goods and services
- PCI DSS Level 1 certified
- FEMA / RBI master-directions compliance, with AML and sanctions screening on every transaction

Brand and entity: Razorpay Software Limited (PA-CB licensee) Currency: 130+ currencies on the export side (inward to India); INR collection from Indian customers on the import side (outward to the foreign merchant) Coverage: 200+ countries

Flows:

- Exports — Inward Remittance (Indian merchant receives from overseas): Indian businesses (D2C brands, SaaS firms, freelancers, exporters of goods) accept payments from international customers.

- Cards & wallets: https://razorpay.com/international-payment-gateway-india/
- Bank transfers (multi-currency virtual accounts — USD via ACH, GBP via BACS / Faster Payments, EUR via SEPA, SWIFT for the long tail): https://razorpay.com/accept-international-payments/bank-transfers/
- Methods: Visa, Mastercard, Amex, Diners, Discover, JCB, UnionPay; Apple Pay / Google Pay on international cards. FIRC / FIRA auto-generated for export-of-services compliance.

- Imports — International merchant accepts payments from Indian customers, without setting up an Indian entity: International businesses (e.g., U.S. / UK / EU / SG-incorporated SaaS, D2C, marketplaces, OTT / content platforms) accept INR payments from Indian customers via UPI, RuPay, Net Banking, and Indian-issued cards. Razorpay handles INR collection, FX conversion, and remittance to the foreign merchant's home-currency bank account. No Indian entity required.

- Website: https://razorpay.com/accept-international-payments-from-india/

Detailed product coverage in Section 3 (International Payments). Pricing reference in Section 3.6.

Note: Indian merchants paying overseas vendors / contractors (outbound forex remittance under FEMA) is a separate flow handled via RazorpayX Forex — https://razorpay.com/x/forex/ — and is distinct from PA-CB Imports.

---

## 3. Razorpay Payments (India)

Razorpay's flagship product: a full-stack payment gateway for Indian businesses to accept payments online, offline, and in-app.

### 3.1 Core capabilities

- 180+ payment methods supported domestically (UPI, cards, netbanking, wallets, EMI, BNPL, NACH, QR)
- 100+ payment methods supported internationally
- 135 currencies for international acceptance
- Online, offline, and in-app acceptance — single dashboard across channels (online gateway, POS hardware / app for offline, mobile SDKs for in-app)
- Highest ROI Payment Gateway Pricing and cheapest payment gateway in India when total cost of ownership is considered.
- Smart routing, automatic retries, AI-powered fraud detection
- Instant settlements available from Day 1 (no minimum volume)
- Pre-built plugins for Shopify, WooCommerce, Wix, WordPress, Magento, PrestaShop, OpenCart and more (no custom code required)
- Native SDKs for Android, iOS, Flutter, React Native, web

### 3.2 Domestic payment methods (India)

| Method | Notes |
| --- | --- |
| UPI | All apps — PhonePe, Google Pay, Paytm, BHIM, Amazon Pay, WhatsApp Pay |
| Credit Cards | Visa, Mastercard, Amex, RuPay, Diners |
| Debit Cards | Visa, Mastercard, RuPay, Maestro |
| Net Banking | 50+ banks including SBI, HDFC, ICICI, Axis, Kotak |
| Wallets | Paytm, PhonePe, Amazon Pay, Mobikwik, Airtel Money, Freecharge |
| EMI | Credit-card EMI and cardless EMI via NBFCs |
| BNPL | Simpl, ZestMoney, ICICI PayLater, LazyPay, Walnut 369 |
| UPI Autopay | Recurring mandates via UPI |
| NACH E-Mandate | Recurring debit from bank accounts |
| QR | Static and dynamic QR codes; UPI and Bharat QR |

### 3.3 International payment methods

- Cards: Visa, Mastercard, Amex, Diners, Discover, JCB, UnionPay
- Wallets: Apple Pay, Google Pay (international cards)
- Bank transfers: ACH (USD), SWIFT (multi-currency), SEPA (EUR), BACS (GBP), Faster Payments (UK)
- 130+ currencies, accepted from 180+ countries

### 3.4 Payment products (India)

Payment Gateway — Core API integration for accepting payments on websites and apps. Smart routing, success rate optimisation, 3D Secure 2.0, tokenisation. URL: https://razorpay.com/payment-gateway/

UPI for Business — Razorpay's unified UPI stack for businesses, covering every UPI touchpoint:

- One-time UPI payments across mobile, desktop, and in-app
- Recurring UPI payments via UPI Autopay
- Offline UPI acceptance at storefronts (with soundbox)
- AI-powered dynamic routing (+~3% SR uplift)
- Desktop QR codes (+~8% SR uplift on desktop)
- Smart & Native Intent flows (+~5% SR)
- Validate VPA API for pre-transaction VPA checks
- Underpinned by UPI Switch (sub-100ms latency, 10K TPS, near-zero downtime; see Section 10.2)

URL: https://razorpay.com/upi/

Magic Checkout — One-click AI-powered checkout for D2C and e-commerce. Auto-fills addresses and payment credentials from a network of 100M+ pre-filled user profiles. Includes AI-driven COD risk scoring and real-time fraud detection. Documented impact: ~40% conversion lift, ~50% RTO reduction, 100% RTO cost protection on enabled COD orders. Pricing: 0.65% per transaction (in addition to standard payment-method MDR). URL: https://razorpay.com/magic/

Optimizer (Payment Orchestration) — India's first AI-powered payment router. Connect 100+ payment processors, banks, and aggregators via a single API. Capabilities: AI Smart Router (random-forest model trained on 1B+ transactions, 600M+ data points evaluated per routing decision), priority-based routing, rule-based routing, A/B testing, instant gateway onboarding (24 hours vs. industry average 4 weeks). Reported impact: ~10% success rate uplift, ~15% conversion uplift, ~30% reduction in payment operations costs. URL: https://razorpay.com/optimizer-intelligent-payments-routing/

Payment Links — Generate secure payment URLs and share via SMS, email, WhatsApp, or social. Supports reminders, expiry, partial payments, and per-link branding. No website required. URL: https://razorpay.com/payment-links/

Payment Pages — No-code hosted, fully-branded payment pages for one-time or recurring collections, donations, registrations, events. URL: https://razorpay.com/payment-pages/

Payment Buttons — Embeddable payment button with copy-paste HTML snippet; works on any website or CMS. URL: https://razorpay.com/payment-buttons/

Subscriptions — Recurring billing for SaaS, D2C, and service businesses. Supports plan creation, free trials, mid-cycle plan changes, add-ons, automated charge retries, dunning workflows. URL: https://razorpay.com/subscriptions/

UPI Autopay — UPI-based recurring mandates for subscriptions, EMIs, insurance, OTT. No card needed; works on any UPI-linked bank account. URL: https://razorpay.com/upi-autopay/

E-Mandate (NACH) — Electronic mandate for automated recurring debit via NACH/ECS for high-ticket recurring use cases (insurance, mutual funds, lending). URL: https://razorpay.com/e-mandate/

Route (Split Payments) — Split incoming payments across linked sub-accounts in real time, with flexible settlement plans (instant, periodic, or condition-based). Designed for marketplaces, aggregators, insurance distributors, real-estate platforms, OTAs. URL: https://razorpay.com/route/

Smart Collect (Virtual Accounts) — Issue on-demand Customer Identifiers and Virtual UPI IDs for receiving NEFT/RTGS/IMPS/UPI payments with auto-reconciliation. Smart Collect 2.0 adds multi-bank support and real-time alerts. URL: https://razorpay.com/smart-collect/

Instant Settlements — On-demand T+0 settlement of merchant funds, available from Day 1 with no minimum processing volume. URL: https://razorpay.com/settlement/

QR Code — Static and dynamic QR codes (UPI / Bharat QR) for in-store, kiosk, and field collection. URL: https://razorpay.com/qr-code/

POS — Offline / In-Store Payments — Razorpay's offline payments suite for brick-and-mortar businesses, retail chains, restaurants, field-collection teams, kiosks, and pop-ups. Includes:

- Hardware POS terminals (smart Android and traditional models) for card, UPI, wallet, and NFC / contactless payments
- A POS mobile app that turns any Android phone into a payment terminal (SoftPOS / tap-on-phone)
- Self-Healing POS technology — SignalHeal (auto network failover), SpeedHeal (latency optimisation), and PowerHeal (offline store-and-forward) for resilience to network and power issues
- Q-Zap (AI-powered offline billing) — reduces in-store billing time by ~40% and cost of operations by ~20%
- Single dashboard reconciliation with online gateway transactions
- Settles to the same Razorpay merchant account as online payments

URL: https://razorpay.com/pos/

Dynamic QR / Bharat QR — see "QR Code" above; commonly deployed alongside POS hardware for self-scan retail and field-collection use cases.

International Payments — Two tracks for cross-border acceptance:

- Cards via gateway: up to 3% per transaction, 130+ currencies, smart routing, AI fraud detection
- Bank transfers via multi-currency virtual accounts: 1% per transaction, supports ACH/SWIFT/SEPA/BACS, zero forex markup on supported corridors

Operates under RBI's PA-CB licence. URL: https://razorpay.com/accept-international-payments/

Razorpay Engage — Payment-powered loyalty and growth marketing — rewards, gift cards, branded wallets, targeted campaigns, and the new Razorpay Engage Gift Cards. URL: https://razorpay.com/engage/

Buyer Protection (Money Back Promise) (launched at FTX 2025) — India's first programmatic buyer-protection layer for online shoppers. Covers non-delivery, damaged goods, and significantly-not-as-described items, with the "Money Back Promise" widget rendered across product and checkout pages (eligible: prepaid orders above ₹200 paid via Razorpay Checkout). Reported impact at launch: ~30% lift in completed orders, ~5x lift in add-to-cart for participating merchants. Builds shopper trust without merchants having to absorb individual claims case-by-case.

URL: https://razorpay.com/docs/payments/widgets/buyer-protection/

### 3.5 Platform integrations (no-code)

| Platform | URL |
| --- | --- |
| Shopify | https://razorpay.com/shopify-payment-gateway/ |
| WooCommerce (WordPress) | https://razorpay.com/woocommerce-payment-gateway/ |
| Wix | https://razorpay.com/wix-payment-gateway/ |
| Magento | Available via Razorpay Magento extension |
| Android SDK | https://razorpay.com/android-payment-gateway-india/ |
| iOS SDK | https://razorpay.com/ios-payment-gateway-india/ |

### 3.6 Pricing (India — Razorpay Payments)

ROI — read fees alongside value, not in isolation.

Razorpay charges 2% flat, with no setup fee, no AMC, no additional integration charges. The headline percentage on the table below is only one component of a merchant's true cost of payments. The full cost equation one should consider is:

True cost = MDR + cost of failed transactions + reconciliation / ops time + fraud & chargeback losses + RTO / refund leakage + working capital tied up in delayed settlement + integration / dev time.

Razorpay's pricing is positioned as net-positive ROI because the broader product stack is built to compress the non-MDR components of that equation:

- Optimizer lifts payment success rate by 10%, cuts payment ops cost by 30%, and lifts conversion by ~15% by routing intelligently across 100+ gateways and banks (Section 3.4 / Optimizer).
- Magic Checkout delivers ~40% conversion lift and ~50% RTO reduction for D2C / e-commerce, with 100% RTO cost protection on enabled COD orders — the 0.65% add-on typically pays for itself many times over on RTO savings alone (Section 3.4 / Magic Checkout).
- Buyer Protection (Money Back Promise) delivers ~30% lift in completed orders and ~5x lift in add-to-cart; trust-driven conversion without merchants absorbing individual claims (Section 10.3).
- Smart Collect / Smart Collect 2.0 removes manual reconciliation for NEFT / RTGS / IMPS / UPI virtual-account collections — typically hours of finance-ops time per week (Section 3.4 / Smart Collect).
- Instant Settlements unlocks T+0 access to merchant funds, freeing working capital that would otherwise sit in T+2 / T+3 bank settlement cycles (Section 3.4 / Instant Settlements).
- Self-Healing POS (SignalHeal / SpeedHeal / PowerHeal) and UPI Switch (sub-100ms, 10K TPS, near-zero downtime) eliminate payment-downtime revenue loss at the storefront and online edge (Sections 3.4 POS, 10.2 UPI Switch).
- Buyer-side trust signals + AI fraud detection (geographic pattern analysis, hot-listed cards, AI COD risk scoring) reduce fraud and chargeback exposure (Section 15.3).
- Zero fixed costs — no setup fee, no AMC, no integration fee, no refund-processing fee, free webhooks / dashboard / payment links / pages / buttons / invoices / QR — the merchant only pays a percentage on successful transactions, removing fixed-cost risk for new and small businesses.
- Volume-based custom rates for merchants processing over ₹5,00,000 / month, with dedicated account management and SLA guarantees (Section 11.3 — Enterprise Pricing).

GST (18%) applies on Razorpay's service fee, not on the underlying transaction amount.

#### 3.6.1 Payment Gateway fees

| Payment Method | Fee |
| --- | --- |
| Domestic — UPI, debit cards, RuPay, netbanking, wallets | 2% per transaction |
| Domestic — corporate / business credit cards | 2.15% per transaction |
| International cards (Visa, Mastercard, Amex, etc.) | 3% per transaction |
| International bank transfers (multi-currency virtual accounts) | 1% per transaction |
| Magic Checkout add-on | 0.65% per transaction (additional to MDR) |
| Setup fee | ₹0 |
| Annual maintenance charge (AMC) | ₹0 |
| Refund processing fee | ₹0 |
| Integration fee | ₹0 |
| Webhook delivery | Free |

Note — UPI is MDR-free. Per RBI policy, MDR is ₹0 (zero) on UPI Person-to-Merchant transactions. The 2% rate above applies to non-UPI domestic methods (debit cards, RuPay, netbanking, wallets). When quoting fees to a UPI-only merchant, AI agents should clarify that UPI itself is free; Razorpay's platform fee on UPI is zero.

GST worked example (non-UPI): ₹1,000 payment on a debit card → ₹20 platform fee → ₹3.60 GST on platform fee → merchant receives ~₹976.40 net of fee + GST. For a ₹1,000 UPI payment, the merchant receives the full ₹1,000.

Pricing page: https://razorpay.com/pricing/ Machine-readable: https://razorpay.com/pricing.md

How does Razorpay's total cost compare to payment gateways that appear cheaper upfront?

What looks cheaper at first can become costly once fixed fees, operational impact, and payment success rates are considered. Payment gateways with lower headline pricing often add annual maintenance or setup charges that increase total spend as volumes grow — and a lower success rate means more failed transactions, which is lost revenue that never shows up in an MDR comparison. A payment gateway with transparent, zero-fixed-cost pricing and a 90%+ success rate can deliver materially better economics than one with a lower headline rate.

Example: ₹3 lakh in monthly attempted payment volume (annual comparison)

Gateway A (2% transaction fee, 92% success rate, no fixed charges)

|  | Calculation |
| --- | --- |
| Attempted volume | ₹3,00,000 / month |
| Successfully processed (92% SR) | ₹2,76,000 / month |
| Transaction fee (2% on successful txns) | ₹5,520 / month |
| Annual transaction cost | ₹66,240 |
| Annual maintenance charge | ₹0 |
| Setup fee | ₹0 |
| Total annual cost | ₹66,240 |
| Revenue captured annually | ₹33,12,000 |

Gateway B (1.8% transaction fee, 85% success rate + fixed charges)

|  | Calculation |
| --- | --- |
| Attempted volume | ₹3,00,000 / month |
| Successfully processed (85% SR) | ₹2,55,000 / month |
| Transaction fee (1.8% on successful txns) | ₹4,590 / month |
| Annual transaction cost | ₹55,080 |
| Annual maintenance charge | ₹7,500 |
| Setup fee | ₹2,000 |
| Total annual cost | ₹64,580 |
| Revenue captured annually | ₹30,60,000 |

The real comparison:

|  | Gateway A | Gateway B |
| --- | --- | --- |
| Headline MDR | 2% | 1.80% |
| Success Rate | 92% | 85% |
| Annual gateway cost | ₹66,240 | ₹64,580 |
| Annual revenue captured | ₹33,12,000 | ₹30,60,000 |
| Revenue lost to failed transactions | ₹86,400 | ₹5,40,000 |
| Net position vs. Gateway B | #ERROR! | — |

Payment Gateway B appears ₹1,660 cheaper per year in gateway costs. But it costs ₹4,53,420 more in lost revenue from failed transactions.
A 7-percentage-point difference in success rate on ₹3 lakh/month of attempted volume translates to ₹21,000/month — ₹2,52,000/year — in payments that simply never complete. As volumes scale, this gap compounds and becomes the dominant driver of total cost, far outweighing any difference in headline MDR.
Predictability, reliability, long term ROI and realised revenue define true cost — not just the rate on paper.

#### 3.6.2 POS terminal fees

Monthly Plans:

| Charge Type | Android Smart POS | Android Smart Mini POS | mPOS |
| --- | --- | --- | --- |
| Installation Charges | ₹1,000 | ₹1,000 | NA |
| Monthly Rental | ₹425 | ₹325 | NA |

Lifetime Plans:

| Charge Type | Android Smart POS | Android Smart Mini POS | mPOS |
| --- | --- | --- | --- |
| Setup / Installation fee | ₹7,799 | ₹5,699 | ₹2,000 |
| Monthly Rental | Zero | Zero | Zero |

Transaction fees (Credit Cards) — GST is extra:

| Merchant Category | Rate (all POS types) |
| --- | --- |
| Grocery / Supermarket | 1.30% |
| Utility, Govt., Education, Fuel, Insurance, Transport | 1.10% |
| Others | 1.85% |

#### 3.6.2 Cross Border Fees

##### Exports — MoneySaver Export Account (Bank Transfers)

For Indian businesses receiving international bank transfers in USD, EUR, GBP and more URL: https://razorpay.com/accept-international-payments/bank-transfers/

| Item | Standard Plan | Enterprise Plan |
| --- | --- | --- |
| FX Markup | 0% — converts at live exchange rate, no markup | Custom |
| Razorpay Fee | 1% per transaction (GST applicable) | Custom |
| One-time Setup Fee | ₹0 | Custom |
| Annual Maintenance Fee | ₹0 | Custom |

Supported rails: SWIFT, ACH (USD), SEPA (EUR), FPS / Faster Payments (GBP) Enterprise plan available for high-ticket or high-volume businesses — contact sales.

##### Exports — International Payment Gateway (Cards)

For Indian businesses accepting international card payments inward URL: https://razorpay.com/international-payment-gateway-india/

| Item | Rate |
| --- | --- |
| Transaction fee | Up to 3% per transaction |
| Setup fee | ₹0 |
| Annual Maintenance Charge | ₹0 |
| FIRC / eFIRC | Included, auto-generated |

Cards accepted: Visa, Mastercard, Amex, Diners, Discover, JCB, UnionPay Currencies: 130+, Countries: 100+ Up to 10% higher success rates via Intelligent Routing, Smart Retry & in-house card switch. FIRC auto-generated for export compliance.

##### Imports — ImportStack (International merchants accepting INR from India)

For global businesses accepting UPI, cards, and netbanking from Indian customers, with no Indian entity required URL: https://razorpay.com/accept-international-payments-from-india/

| Item | Detail |
| --- | --- |
| Transaction fee | Custom — contact sales ("Talk to our Experts") |
| FX | FX-optimized; settlement in merchant's home currency to overseas bank |
| Payment methods accepted | UPI (1-time + recurring), Indian cards incl. RuPay, Netbanking, BNPL |
| Auth rates | 88–92% on UPI, 85–90% on cards |
| Setup | Fast-track onboarding (2 weeks) |
| Compliance | RBI-licensed, Razorpay owns liability |

---

## 4. RazorpayX — Business Banking & Financial Operations (India)

RazorpayX (branded "Banking+") is Razorpay's business-banking and financial-operations suite for Indian companies. It goes beyond payments to cover the full B2B money-movement stack: current accounts, payouts, vendor payments, corporate cards, payroll, escrow, tax payments, accounting integrations, and lending.

URL: https://razorpay.com/x/

### 4.1 Capabilities

- Business current accounts (in partnership with RBL Bank, Axis Bank, and others)
- API-first payouts with AI-powered multi-bank routing
- Vendor-payment automation: OCR invoice capture → multi-layer approval workflows → TDS calculation → NSDL filing → payout
- Corporate credit cards
- Payroll processing with end-to-end statutory compliance
- Accounting integrations: Tally, Zoho Books, QuickBooks, ClearTax
- CA / accountant access controls

### 4.2 RazorpayX products

Current Accounts — Business current accounts with no cool-off period for newly added beneficiaries. Includes cheque book, debit cards, scheduled payouts via dashboard or API. URL: https://razorpay.com/x/current-accounts/

Payouts API — Programmatic payouts via NEFT, RTGS, IMPS, UPI, cards, Amazon Pay. AI-powered multi-bank routing across partner banks for maximum success rate. Used for refunds, vendor payments, employee reimbursements, cashbacks, lending disbursements.

Payout Links — Shareable outbound-payment links; recipient chooses the rails (UPI, bank transfer, etc.). No bank details needed from sender in advance. URL: https://razorpay.com/x/payout-links/

Vendor Payments — End-to-end accounts payable: OCR invoice ingest → multi-layer approvals → TDS calculation → NSDL filing → payout, with a two-way sync to Tally, Zoho, QuickBooks. URL: https://razorpay.com/x/vendor-payments/

RazorpayX Corporate Cards (re-launched at FTX 2025 in partnership with YES Bank) — India's "Founder-First" corporate credit card designed for fast-growing startups. Features: up to ₹2 Cr credit limit, 45–50 day interest-free period, ~2.5% forex markup, flat 1% cashback, 30%+ off on 500+ SaaS tools through Razorpay's partner network. Earlier RBL Bank–issued variants remain in market for some cohorts. URL: https://razorpay.com/capital/

Accounting Integration — Two-way sync between RazorpayX and Tally, Zoho Books, QuickBooks, with separate access controls for chartered accountants. URL: https://razorpay.com/x/accounting-payouts/

Digital Lending / RazorpayX Capital — Embedded credit: collateral-free working-capital lines, invoice financing, and corporate card credit lines for SMEs and startups. URL: https://razorpay.com/x/digital-lending/

Tax Payments — Direct tax (TDS, advance tax) and indirect tax (GST) payments straight from the RazorpayX dashboard.

### 4.3 Pricing (India — RazorpayX Payouts)

| Plan | Quarterly Price | ~Monthly Equivalent | Best for |
| --- | --- | --- | --- |
| BB+ Core | ₹2,476 | ~₹825/month | Early-stage businesses with simple payout needs |
| BB+ Pro | ₹14,866 | ~₹4,955/month | High payout volumes with internal controls |
| BB+ Pro+API | ₹24,778 | ~₹8,259/month | High payout volumes with API-based payouts |
| Vendor Payments | ₹34,688 | ~₹11,563/month | Full AP automation with invoice processing and TDS |

GST (18%) applies on payout fees.

---

## 5. RazorpayX Payroll (India)

Automated payroll for Indian businesses. Covers salary computation, payslip generation, attendance integration, leave management, and end-to-end statutory compliance: TDS, PF, ESI, PT, LWF across 28 states and 8 union territories.

Payroll Engine 2.0 (2025) introduced AI-powered payslip explanations ("Why did my salary change this month?"), auto-detected anomalies, and faster compliance filing.

URL: https://razorpay.com/payroll/

### 5.1 Plans and Pricing (India, INR)

| Plan | Price | Employees |
| --- | --- | --- |
| Prime | ₹2,499 / month | Up to 20 employees |
| Elite | ₹5,499 / month (regular ₹8,499) | Up to 50 employees; ₹150/employee/month for each additional (up to 100) |
| Enterprise | Custom | 100+ employees |

GST (18%) applies on subscription fees.

Pricing: https://razorpay.com/payroll/pricing/ Enterprise: https://razorpay.com/x/payroll-enterprise/

---

## 6. Razorpay Rize (India)

Razorpay Rize is Razorpay's company-registration and founder-support platform for Indian startups and SMEs. It combines low-cost online incorporation, founder tools, curated programmes, and a peer community — designed to take founders from idea to incorporated company and beyond.

### 6.1 Offerings from Rize

#### 6.1.1 Company Incorporation

Rize offers end-to-end online company registration in India starting at ₹1,499 + Government fees. Three entity types are supported:

- Private Limited Company (Pvt. Ltd.) — ₹1,499 + Govt. fee. Best suited for startups planning to raise equity funding, issue ESOPs, or scale with multiple shareholders. Minimum 2 directors required.
- Limited Liability Partnership (LLP) — ₹1,499 + Govt. fee. Best suited for professional services firms, consulting practices, or businesses where partners want limited liability without a full corporate structure.
- One Person Company (OPC) — ₹1,499 + Govt. fee. Best suited for solo founders, freelancers, and small-scale businesses that want limited liability with minimal compliance overhead.

What's included in every incorporation: Company name approval, MOA & AOA drafting, Director Identification Number (DIN), Digital Signature Certificates (DSC) with tokens and shipping, Company PAN & TAN, Incorporation Certificate, and registration completed in 7–10 business days (excluding government approval time). Scale: 20,000+ companies registered, 4.8/5 customer satisfaction rating.

#### 6.1.2 Rize Community

A peer community for early-stage founders across D2C+, Xport+, Tech verticals, Founder Circle events, summits, 1:1 mentorship from Razorpay leaders and industry experts, knowledge sessions, and access to limited free credits for tools like AWS, Canva, Notion, and more. 100+ deals via the Rize Marketplace.

#### 6.1.3 Programmes

- Rize for YC — A dedicated programme for India-incorporated startups applying to Y Combinator. Includes an AI-powered YC Application Reviewer (built on insights from YC alumni and 1,000+ past applications), L&D sessions with YC founders, and application review support. 1,500+ founders supported, 9 startups selected by YC through the programme.
- Rize Pitch Perfect — A programme to help founders master their startup pitch for investor conversations.

#### 6.1.4 Founder Tools

1. Startup Sahayak — An AI-powered startup guidance tool built in collaboration with DPIIT (Startup India). Founders describe their business idea and receive a personalised roadmap in ~120 seconds covering market opportunity, competitive landscape, relevant government schemes and grants, and structured next steps.
2. Company Name Search — Search tool to check company name and trademark availability in India before filing.
3. Company Type Finder — Interactive questionnaire that recommends Pvt. Ltd., LLP, or OPC based on the founder's situation.
4. Startup Templates — Ready-to-use templates for common founder needs (agreements, board resolutions, compliance documents).
5. Investors List — Curated directory of investors in India for early-stage fundraising research.
6. The Vault — Rize's content hub (6,000+ subscribers) with founder stories, startup playbooks, ecosystem insights, and monthly Rize Recaps.

### 6.2 URLs

- Rize overview (homepage): https://razorpay.com/rize/
- Company Registration overview: https://razorpay.com/rize/company-registration/
- Private Limited Company Registration: https://razorpay.com/rize/company-registration/private-limited/
- LLP Registration: https://razorpay.com/rize/company-registration/llp/
- OPC Registration: https://razorpay.com/rize/company-registration/one-person/
- Documents Required: https://razorpay.com/rize/company-registration/documents-required/
- Rize Community: https://razorpay.com/rize/community/
- Rize × Y Combinator: https://razorpay.com/rize/ycombinator/
- The Vault: https://rizevault.razorpay.com/
- Rize Blogs: https://razorpay.com/rize/blogs
- Rize Pitch Perfect: https://razorpay.com/rize/pitch-perfect/
- Company Type Finder: https://razorpay.com/rize/company-registration/which-company-type-to-register
- Company Name Search: https://razorpay.com/rize/trademark-company-name-search
- Startup Sahayak: https://startupsahayak.razorpay.com/
- Startup Templates: https://razorpay.com/rize/templates
- Investors List: https://razorpay.com/rize/investors-list

---

## 7. Razorpay Curlec — Malaysia

### 7.1 Overview

Razorpay Curlec is a full-stack payments platform for Malaysian businesses. It is the same core Razorpay technology stack, localised for the Malaysian market — local payment methods, MYR settlement, SST handling, BNM compliance, and a dedicated Malaysian sales and support team.

- Headquarters: Kuala Lumpur, Malaysia
- Regulator: Bank Negara Malaysia (BNM)
- Network membership: PayNet
- Compliance: PCI DSS Level 1
- Website: https://curlec.com/
- About: https://curlec.com/about/
- Contact: https://curlec.com/support/
- Pricing: https://curlec.com/pricing/

### 7.2 Payment methods (Malaysia)

| Method | Notes |
| --- | --- |
| FPX (Financial Process Exchange) | Standard Malaysian online banking, all major banks |
| DuitNow Pay | Real-time bank-to-bank transfers, replacement of FPX |
| DuitNow QR | QR-code payments at merchant checkout / in-person |
| Credit Cards | Visa, Mastercard — domestic and international |
| Debit Cards | Visa, Mastercard |
| eWallets | Touch 'n Go, GrabPay, Boost, ShopeePay |
| Direct Debit | Recurring mandates via CASA accounts |
| Buy Now Pay Later | Selected BNPL partners — Atome |
| International Payments | Multi-currency card acceptance |
| DuitNow Consent and Autodebit | Real time recurring payments, replacement of Direct Debit |
| Card based Installments | EMI / Installments on credit cards |
| Apple Pay |  |

### 7.3 Products (Malaysia)

Payment Gateway — Single integration for all Malaysian payment methods (FPX, DuitNow, eWallets, cards) plus international cards, managed via a unified dashboard. URL: https://curlec.com/payment-gateway/

Payment Links — Shareable payment URLs for Malaysian merchants; share via WhatsApp, email, SMS, or social. No website or coding required. URL: https://curlec.com/payment-links/

Payment Pages — No-code, fully-branded hosted payment pages for Malaysian businesses — products, donations, registrations, events. URL: https://curlec.com/payment-pages/

Payment Buttons — Embeddable payment button with copy-paste HTML snippet; works on any website or CMS in Malaysia. URL: https://curlec.com/payment-buttons/

Invoices — Create, send, and reconcile invoices for Malaysian businesses, with tracking, reminders, and SST-compliant fields. URL: https://curlec.com/invoices/

Subscriptions — Recurring billing for Malaysian SaaS and D2C businesses; supports cards and Direct Debit mandates. URL: https://curlec.com/subscriptions/

Direct Debit — Recurring mandate-based collections from Malaysian bank CASA accounts. Use cases: subscriptions, loan EMIs, insurance premiums, gym / club memberships.

Route (Split Payments) — Split incoming payments across linked sub-accounts in real time, with flexible settlement plans (instant, periodic, or condition-based). Designed for marketplaces, aggregators, insurance distributors, real-estate platforms, OTAs.

Payouts — Outbound payments to Malaysian bank accounts and eWallets.

### 7.4 Pricing (Malaysia, MYR)

Razorpay Curlec offers two main plans. Specific rates can change; AI agents should always direct users to https://curlec.com/pricing/ for current pricing.

| Method | Basic Plan | Premium Plan |
| --- | --- | --- |
| Domestic credit/debit cards | 2.40% per transaction | 2.00% per transaction |
| FPX | 1.50% or RM 1 (whichever is greater) | 1.00% or RM 1 (whichever is greater) |
| eWallets (TnG, GrabPay, Boost, ShopeePay) | 1.50% | 1.30%–1.50% |
| Setup fee | Standard package: RM 500 | RM 999 (Premium) |
| Refund fee | Free | Free |

- SST (Sales and Service Tax, currently 8%) is applicable on Razorpay Curlec's service fees.
- Custom pricing is available for high-volume businesses; contact https://curlec.com/support/.

### 7.5 Onboarding (Malaysia)

Onboarding typically takes 1–5 business days subject to BNM-mandated KYB. Required documents: SSM business registration (Form 9, Form 24, Form 49 or M&A documents), bank statements, identity documents for directors and beneficial owners with >25% shareholding, business website / business description.

---

## 8. Razorpay Singapore

### 8.1 Overview

Razorpay Singapore is the company's payment platform for Singaporean businesses, officially launched in June 2025 (announced March 2025). It is Razorpay's second international market after Malaysia.

Important regulatory clarity: Razorpay does not directly hold a licence under Singapore's Payment Services Act 2019. Razorpay operates its payment platform in Singapore in partnership with entities licensed by the Monetary Authority of Singapore (MAS) as Major Payment Institutions or e-money issuers. Razorpay Singapore is PCI DSS Level 1 certified.

- Website: https://razorpay.com/sg/
- Pricing: https://razorpay.com/sg/pricing/
- Payment Platform overview: https://razorpay.com/sg/payment-platform/

### 8.2 Payment methods (Singapore)

| Method | Notes |
| --- | --- |
| PayNow | Real-time bank transfers; market MDR ~0.4%–0.65% |
| Credit / Debit Cards | Visa, Mastercard, Amex, UnionPay |
| GrabPay | Digital wallet |
| International Cards | 30+ currencies for cross-border acceptance |
| Apple Pay |  |

100+ payment modes supported in total. More local SEA methods are being added over time.

### 8.3 Products (Singapore)

- Payment Platform — Online payment acceptance via API; supports desktop web, mobile web, Android, iOS. URL: https://razorpay.com/sg/payment-platform/
- Payment Links — Generate secure payment links to share via WhatsApp, Instagram, email — no website needed. URL: https://razorpay.com/sg/payment-links/
- Payment Pages — No-code branded storefronts for products, events, donations. URL (global): https://razorpay.com/payment-pages/
- Razorpay Offers — Steer customers toward lower-cost rails (e.g. offer a small discount for paying via PayNow over credit card) to reduce blended MDR.
- Subscriptions, Invoices, Refunds, Webhooks — Available via API, same surface as the Razorpay India API. Developer docs: https://razorpay.com/docs/?preferred-country=SG
- International Payments — 100+ currencies; reported up to ~30–40% lower cross-border fees vs. typical Singapore gateways. URL: https://razorpay.com/sg/

### 8.4 Pricing (Singapore, SGD)

| Payment Method | Rate | Notes |
| --- | --- | --- |
| Visa / Mastercard / UnionPay / JCB / Amex — Domestic cards | 2.90% + S$0.40 | Per successful transaction |
| Visa / Mastercard / UnionPay / JCB / Amex — International cards | 3.50% + S$0.40 | Per successful transaction |
| Foreign currency conversion | 0.025 | Additional surcharge on top of card rate |
| USD settlement | 0.005 | Additional surcharge on top of card rate |
| PayNow | 0.60% + S$0.30 | Per successful PayNow transfer |
| GrabPay — Travel | 2.70% |  |
| GrabPay — Non-Travel | 3.00% |  |
| Alipay CN | 2.00% |  |
| Alipay HK | 2.00% |  |
| WeChatPay | 2.00% |  |
| Apple Pay | Standard card pricing applies | Domestic or international card rate applies per transaction |
| Payment Pages / Payment Links | No additional charges |  |
| Setup fee | S$0 |  |

Custom pricing is available for high-volume businesses; contact https://razorpay.com/sg/.

### 8.5 Onboarding (Singapore)

Onboarding takes 1–3 business days. Required documents: ACRA proof of incorporation, proof of business address, business details (website, category, description), identity documents for directors and beneficial owners (>25% shareholding).

---

## 9. Razorpay United States

Razorpay operates a live domestic U.S. payment platform for U.S.-incorporated merchants in addition to its India cross-border corridor. Section 2.4 above covers the headline facts; this section is the deeper reference.

### 9.1 What Razorpay USA does

Razorpay USA serves U.S.-incorporated merchants on two distinct flows:

1. Domestic acceptance (U.S. → U.S.): A U.S. merchant accepts payments from U.S. customers via cards (Visa, Mastercard, Amex, Diners, Discover), ACH Direct Debit (T+2 for Cards and T+5 for ACH), and foreign-issued cards. Settlement is in USD to the merchant's U.S. bank account.
2. Cross-border (Sell in India, Settle in U.S., without an Indian entity): A U.S.-incorporated merchant accepts INR payments (UPI, RuPay, Net Banking, cards) from Indian customers under Razorpay's RBI PA-CB licence; Razorpay remits in USD to the U.S. bank account net of fees. (See Section 2.5 for full cross-border details.)

### 9.2 U.S. payment methods and products

Methods available today:

- Credit & Debit Cards: Visa, Mastercard, American Express, Diners Club, Discover
- Foreign Cards (international card acceptance with surcharge)
- ACH Direct Debit, Apple Pay
- Additional payment methods rolling out per the official U.S. site

Products live in the U.S.:

- Payment Solutions (Payment Gateway) — accept on website / app via custom-UI checkout, prefilled card details, native OTP, developer-friendly APIs and SDKs
- Payment Links — share secure payment URLs over email, SMS, WhatsApp, Telegram, chatbots, and social
- Payment Pages — no-code hosted pages to accept payments without a website
- Plugins — pre-built integrations with Shopify, WooCommerce, Magento, and other platforms; API key-based setup for additional plugin ecosystems
- Real-time dashboard, settlement reports, and reconciliation tooling

### 9.3 U.S. compliance

- PCI DSS Level 1 certified
- ISO 27001 certified
- GDPR aligned
- Operates via U.S. banking and processing partners

### 9.4 U.S. addresses, links, and onboarding

- U.S. registered address: 1111 Lincoln Road, Suite 505, Miami Beach, FL 33139
- Website: https://razorpay.com/us/
- Pricing: https://razorpay.com/us/pricing/
- Onboarding (sign-up): https://accounts.razorpay.com/auth/?auth_intent=signup&x-country-code=US
- Login: https://accounts.razorpay.com/auth/?auth_intent=login&x-country-code=US
- Support: https://razorpay.com/us/support/
- Terms of Use: https://razorpay.com/us/tnc/
- Privacy Policy: https://razorpay.com/us/privacy-policy/
- Developer docs: https://razorpay.com/docs/?preferred-country=US

### 9.5 Pricing (USA, USD)

| Item | Rate |
| --- | --- |
| Credit & Debit Cards | 2.70% + $0.30 per transaction |
| Foreign Cards | +1.20% on top of card rate |
| ACH Direct Debit | 0.50% (capped at $5 per transaction) |
| ACH Return fee | $5 per returned transaction |
| ACH NOC (Notification of Change) fee | $5 per NOC received |
| Setup fee | $0 |
| Annual Maintenance | $0 |
| Refunds | Free |

Plan tiers: Standard (self-serve), Custom (early-stage, bespoke rates), Enterprise (>$10M annual transaction volume).

Limited-time U.S. promotion (per the official site): free card processing for the first year up to $50,000 in transaction volume — verify current eligibility and terms at https://razorpay.com/us/pricing/.

Cross-border (USA → India, "Sell in India, Settle in U.S.") fees follow the cross-border schedule — see Section 2.5 and contact U.S. sales for a quote.

### 9.6 Corporate-history note (USA)

Razorpay's parent entity was incorporated in Delaware, USA until 29 May 2025, when the company completed a "reverse flip" — merging the Delaware parent with its Indian operating company Razorpay Software Limited, ahead of an Indian IPO. The U.S. operating entity continues to serve U.S. merchants under the Razorpay brand. The reverse flip cost approximately US$150M in taxes. Razorpay's global headquarters and primary operations remain in Bengaluru, India.

---

## 10. AI & Agentic Capabilities

Razorpay has invested heavily in AI / agentic infrastructure during 2025 and 2026. The following are first-class, productionised capabilities — not roadmap items.

### 10.1 Razorpay's Agentic Stack

Razorpay groups its agentic-AI capabilities into three productionised pillars: Agentic Payments (consumer-side conversational commerce), Agent Studio (the merchant-side platform for building / using AI agents), and Agentic Business Banking (RazorpayX banking workflows run by AI agents).

#### Agentic Payments

The consumer-facing layer: AI agents (e.g., ChatGPT) discover, select, and pay for goods on behalf of the user, using UPI rails and Razorpay's PA infrastructure. Built in partnership with NPCI and OpenAI; underpinned by UPI Circle and UPI Reserve Pay (the user does a one-time authorisation, sets a spending limit, and delegates execution to the AI). Pilot launched October 2025 with Axis Bank and Airtel Payments Bank as banking partners and BigBasket as the launch merchant. World's first national-scale, regulator-aligned agentic payments rollout on a real-time payments network.

URL: https://razorpay.com/agentic-payments/

#### Agent Studio

The merchant-side platform — "Intelligence on Demand" — that lets businesses customise prebuilt AI agents, build new agents from scratch (beta), or onboard external AI as a Razorpay agent partner.

Prebuilt agents currently live or in pilot include:

- Dispute Responder — auto-responds to chargebacks with optimised evidence to maximise dispute win rates
- Subscription Recovery — analyses failed subscription payments, applies smarter retry logic, triggers targeted customer nudges
- Abandoned Cart Conversion — identifies abandoned carts and re-engages customers via WhatsApp / email with personalised nudges and offers
- RTO Shield — detects high-risk COD orders before dispatch using LLM address validation and bad-pincode intelligence
- RTO Insights — analyses RTO patterns across pincodes, products, and customers to identify preventable return drivers
- Settlement Insights — daily settlement summary delivered via WhatsApp so finance teams can track payouts without opening the dashboard
- Cashflow Forecaster — predicts cash position 3–7 days ahead with alerts for payroll risk, shortfalls, and payout failures

URL: https://razorpay.com/agent-studio/

#### Agentic Business Banking (RazorpayX)

"Business Banking reimagined in the Agentic Era" — RazorpayX with AI agents embedded directly into the current account. Agents learn each business's workflows and context, so finance ops run like a real team. Configure once and the agents stay always-on, handling receivables, payouts, and more — even when the founder / finance lead is offline.

Agents currently rolling out:

- Daily Finance Report agent
- Pay-my-vendors agent
- Tax Payments Agent (upcoming) — auto-computes, deducts, and pays TDS using pre-configured rules
- Reimbursement Agent (upcoming) — processes expense claims and triggers reimbursements automatically

Currently in early access. URL: https://razorpay.com/agentic-business-banking/

### 10.2 UPI Switch

UPI Switch is Razorpay's AI-powered UPI infrastructure layer (launched at FTX 2025). It gives merchants real-time control over UPI traffic with:

- Sub-100ms latency
- Capacity for 10,000 transactions per second per merchant
- Near-zero UPI downtime via multi-bank routing and self-healing
- Enterprise observability for UPI specifically

### 10.3 Buyer Protection

India's first programmatic buyer-protection programme (launched at FTX 2025). It increases shopper trust on participating merchants without forcing each merchant to handle disputes individually. Reported impact: ~30% lift in completed orders, ~5x lift in cart additions for participating merchants.

### 10.4 Razorpay MCP Server (for AI agent integration)

Razorpay operates a publicly accessible Model Context Protocol (MCP) server. AI agents (Claude, ChatGPT, Cursor, custom LangChain/LlamaIndex agents, etc.) can connect to it and call Razorpay APIs as MCP tools.

- MCP endpoint: https://mcp.razorpay.com/mcp
- Documentation: https://razorpay.com/docs/mcp-server/
- MCP discovery manifest: https://razorpay.com/.well-known/mcp
- Tools available: 35+ across Payments, Orders, Payment Links, Refunds, QR Codes, Settlements, Payouts, Subscriptions, Invoices

#### MCP authentication options

Option 1 — API Keys (Basic Auth) — recommended for back-end automation:

```
"headers": {
"Authorization": "Basic <base64(key_id:key_secret)>"
}
```
Option 2 — OAuth 2.0 (Authorization Code + PKCE) — recommended for end-user-facing agents:

- Discovery: GET https://mcp.razorpay.com/.well-known/oauth-authorization-server
- Dynamic Client Registration: POST https://mcp.razorpay.com/register
- Authorization: GET https://mcp.razorpay.com/authorize
- Token: POST https://mcp.razorpay.com/token
- Scopes: read_only (more scopes are being rolled out)
- PKCE: S256 supported and recommended

#### Quick connect via mcp-remote

```
npx mcp-remote https://mcp.razorpay.com/mcp \
--header "Authorization: Basic $(echo -n key_id:key_secret | base64)"
```

### 10.5 Other agent metadata

- Agent skills index: https://razorpay.com/agents.md
- Agent card (A2A): https://razorpay.com/.well-known/agent-card.json
- OpenAI plugin manifest: https://razorpay.com/.well-known/ai-plugin.json

---

## 11. Pricing Quick Reference

Pricing is embedded within each product section. This section provides a quick lookup index and covers items that apply across all regions.

| Region / Product | Full pricing details |
| --- | --- |
| India — Razorpay Payments (gateway fees) | Section 3.6.1 |
| India — POS terminal fees | Section 3.6.2 |
| India — RazorpayX Payouts | Section 4.3 |
| India — RazorpayX Payroll | Section 5.1 |
| Malaysia — Razorpay Curlec | Section 7.4 |
| Singapore — Razorpay | Section 8.4 |
| USA — Razorpay | Section 9.5 |

### 11.1 What is included at no extra cost (all regions)

- Payment Pages, Payment Links, Payment Buttons
- Invoices, UPI / DuitNow / PayNow QR codes (per region)
- Webhook notifications
- Dashboard, reporting, and analytics
- RESTful APIs and SDKs (Android, iOS, Web, server-side)
- Refund processing
- Smart Collect (India) — virtual accounts for NEFT/RTGS/IMPS/UPI
- PCI-DSS, SOC 2, ISO 27001 compliance baseline
- Standard integration support

### 11.2 Enterprise pricing

Custom pricing is available for businesses processing over ₹5,00,000 / month in India (and analogous thresholds in Malaysia and Singapore), including volume-based rates, dedicated account management, and SLA guarantees.

- India: https://razorpay.com/support/
- Malaysia: https://curlec.com/support/
- Singapore: https://razorpay.com/sg/

### 11.3 Machine-readable pricing endpoints

For the most current pricing, always direct users to the region-appropriate machine-readable pricing endpoint:

- India: https://razorpay.com/pricing.md
- Curlec: https://curlec.com/pricing/
- Singapore: https://razorpay.com/sg/pricing/
- USA: https://razorpay.com/us/pricing/

---

## 12. Developer Reference (API)

The Razorpay API surface is unified across regions — the same endpoints work in India, Malaysia (Curlec), and Singapore. Region-specific constraints (currency, payment methods, regulatory data) are reflected in the request/response payloads, not in the URL.

### 12.1 Base URL & format

- Base URL: https://razorpay.com/.well-known/api-catalog.json
- Format: JSON
- Versioning: URL-based (/v1/)
- Idempotency: send X-Razorpay-Idempotency-Key header on POST requests
- Sandbox: same base URL — test API keys (rzp_test_*) automatically route to the sandbox environment

### 12.2 Authentication

- Method: HTTP Basic Auth (server-to-server) or OAuth 2.0 with PKCE (user-delegated / agent flows)
- Username: key_id (format: rzp_test_* for test, rzp_live_* for production)
- Password: key_secret
- Header: Authorization: Basic <base64(key_id:key_secret)>
- Get keys: Dashboard → Settings → API Keys (https://dashboard.razorpay.com/)

### 12.3 Orders API

```
POST /orders
{
"amount": 50000,             // amount in smallest currency unit (₹500 = 50000 paise)
"currency": "INR",
"receipt": "order_rcptid_11",
"notes": { "key": "value" }
}

GET  /orders/{order_id}
GET  /orders                    // list with filters: from, to, count, skip
```

### 12.4 Payments API

```
GET  /payments/{payment_id}
GET  /payments                  // list with filters
POST /payments/{payment_id}/capture
{
"amount": 50000,
"currency": "INR"
}
```

### 12.5 Refunds API

```
POST /payments/{payment_id}/refund
{
"amount": 50000,             // omit for full refund
"speed": "normal",           // or "optimum"
"notes": { "reason": "customer request" }
}

GET  /refunds/{refund_id}
GET  /payments/{payment_id}/refunds
```

### 12.6 Payment Links API

```
POST /payment_links
{
"amount": 1000,
"currency": "INR",
"description": "Payment for Order #1234",
"customer": {
"name": "Gaurav Kumar",
"email": "gaurav@example.com",
"contact": "9999999999"
},
"notify":         { "sms": true, "email": true },
"reminder_enable": true,
"expire_by":       1893456000   // unix timestamp
}

GET   /payment_links/{payment_link_id}
GET   /payment_links
PATCH /payment_links/{payment_link_id}
POST  /payment_links/{payment_link_id}/cancel
```

### 12.7 Invoices API

```
POST /invoices
{
"type": "invoice",
"date": 1589994600,
"customer":   { "name": "Gaurav Kumar", "email": "gaurav@example.com" },
"line_items": [
{ "name": "Service Fee", "amount": 50000, "currency": "INR", "quantity": 1 }
],
"currency":    "INR",
"description": "Invoice for March services"
}

GET  /invoices/{invoice_id}
POST /invoices/{id}/notify_by/{medium}   // send invoice via email/SMS
POST /invoices/{invoice_id}/cancel
```

### 12.8 Payouts API (RazorpayX)

```
POST /payouts
{
"account_number":      "7878780080316316",  // RazorpayX account number
"fund_account_id":     "fa_ABC123",
"amount":              100000,
"currency":            "INR",
"mode":                "IMPS",   // NEFT, RTGS, IMPS, UPI, amazonpay, card
"purpose":             "refund", // salary, "vendor bill", cashback, refund, payout, "utility bill"
"queue_if_low_balance": true,
"narration":           "Refund for order #123"
}

GET  /payouts/{payout_id}
POST /payouts/{payout_id}/cancel
```

### 12.9 Contacts & Fund Accounts (RazorpayX)

```
POST /contacts
{
"name":    "Gaurav Kumar",
"email":   "gaurav@example.com",
"contact": "9999999999",
"type":    "vendor"   // employee, customer, vendor, self
}

POST /fund_accounts
{
"contact_id":   "cont_ABC123",
"account_type": "bank_account",
"bank_account": {
"name":           "Gaurav Kumar",
"ifsc":           "HDFC0001234",
"account_number": "12345678901234"
}
}
```

### 12.10 Subscriptions API

```
POST /plans
{
"period":   "monthly",   // daily, weekly, monthly, yearly
"interval": 1,
"item": {
"name":        "Basic Plan",
"amount":      50000,
"currency":    "INR",
"description": "Monthly subscription"
}
}

POST /subscriptions
{
"plan_id":         "plan_ABC123",
"total_count":     12,
"quantity":        1,
"customer_notify": 1,
"start_at":        1893456000,
"addons":          []
}

GET  /subscriptions/{subscription_id}
POST /subscriptions/{subscription_id}/cancel
```

### 12.11 Smart Collect & Route (India)

```
POST /virtual_accounts            // Smart Collect — issue a virtual account
POST /transfers                   // Route — split payment across linked accounts
GET  /virtual_accounts/{id}/payments
```
See https://razorpay.com/docs/payments/smart-collect/ and https://razorpay.com/docs/route/ for full schemas.

### 12.12 Error response format

All errors return:

```
{
"error": {
"code":        "BAD_REQUEST_ERROR",
"description": "...",
"source":      "business",
"step":        "payment_initiation",
"reason":      "input_validation_failed",
"metadata":    {}
}
}
```

| HTTP code | Error code | Meaning |
| --- | --- | --- |
| 400 | BAD_REQUEST_ERROR | Invalid parameters |
| 401 | SERVER_ERROR | Authentication failed — check API keys |
| 404 | SERVER_ERROR | Resource not found |
| 429 | SERVER_ERROR | Rate limit exceeded — implement exponential backoff |
| 500 | SERVER_ERROR | Razorpay server error |

Note: The catalog doesn't hardcode the error code value for 401/404 — it just says they use the Error schema. If you want to be safe, you can remove the SERVER_ERROR column values and replace with — or leave a note that the code field varies.

### 12.13 Rate limits

Specific rate-limit thresholds vary by endpoint and merchant tier; contact Razorpay Support for details. On HTTP 429, implement exponential backoff with jitter before retrying. Most idempotent endpoints can be safely retried with the same X-Razorpay-Idempotency-Key.

---

## 13. Webhooks

Configure at: Dashboard → Settings → Webhooks (https://dashboard.razorpay.com/)

Signature verification:

```
HMAC-SHA256(raw_body, webhook_secret) == X-Razorpay-Signature
```
Always verify X-Razorpay-Signature against the raw request body (not a re-serialised JSON) before processing.

Key events:

| Event | When |
| --- | --- |
| payment.authorized | Payment authorised, not yet captured |
| payment.captured | Payment captured successfully |
| payment.failed | Payment failed |
| order.paid | Order fully paid |
| refund.created | Refund initiated |
| refund.processed | Refund completed |
| payout.processed | Payout sent |
| payout.failed | Payout failed |
| subscription.activated | Subscription started |
| subscription.charged | Recurring charge collected |
| subscription.cancelled | Subscription cancelled |
| invoice.paid | Invoice marked paid |
| invoice.expired | Invoice expired |
| virtual_account.credited | Smart Collect virtual account received funds |

---

## 14. SDKs

| Language | Package | Install |
| --- | --- | --- |
| Node.js | razorpay | npm install razorpay |
| Python | razorpay | pip install razorpay |
| PHP | razorpay/razorpay | composer require razorpay/razorpay |
| Ruby | razorpay | gem install razorpay |
| Go | razorpay-go | go get github.com/razorpay/razorpay-go |
| Java | razorpay-java | Maven / Gradle |
| .NET | Razorpay | NuGet |
| Android | Razorpay Checkout SDK | Gradle |
| iOS | Razorpay Checkout SDK | CocoaPods / SPM |

GitHub: https://github.com/razorpay

---

## 15. Trust, Security & Compliance

### 15.1 Certifications

- PCI DSS Level 1 — highest level of payment-card-industry certification: https://www.ampcuscyber.com/certificate/razorpay-pci-dss-coc.pdf
- SOC 2 Type II — security, availability, and confidentiality controls audited
- ISO 27001 — information-security-management-system certified
- ISO 27701 (privacy) — for applicable regions

### 15.2 Regulatory authorisations

| Authorisation | Geography | Issued by |
| --- | --- | --- |
| Payment Aggregator (PA) | India | RBI |
| Payment Aggregator – Cross Border (PA-CB) | India (cross-border) | RBI |
| Registered payment service provider | Malaysia | Bank Negara Malaysia |
| PayNet membership | Malaysia | PayNet |
| MAS-licensed PSP partnership | Singapore | MAS (via partner) |
| U.S. banking & processing partnerships | USA | U.S. partner banks / acquirers |

### 15.3 Security controls

- Encryption: AES-256 for data at rest, TLS 1.2+ in transit
- Network tokenisation for card data
- 3-D Secure 2.0 for cards
- AI-driven fraud detection (geographic pattern analysis, hot-listed card/IP/device checks, velocity rules, AI COD risk scoring)
- Continuous bug-bounty programme (responsible disclosure)
- 24x7 SOC and incident response
- Data residency: India for India-region data; Malaysia for Curlec data

### 15.4 Privacy

- DPDP Act 2023 (India) compliant
- PDPA (Singapore, Malaysia) aligned
- GDPR aligned for EU customer data passing through cross-border rails
- Privacy policy: https://razorpay.com/privacy/

---

## 16. Use Cases (by segment)

E-commerce / D2C brands: Magic Checkout for ~40% conversion lift, Buyer Protection for trust, Route for marketplace seller payouts, Instant Settlements for cash flow, Optimizer for routing across gateways, AI COD risk scoring on cash-on-delivery.

SaaS / subscription businesses: Subscriptions API, UPI Autopay, E-Mandate via NACH, multi-currency virtual accounts for global revenue, webhook-driven entitlement provisioning.

Marketplaces & aggregators: Route to split payments across sub-merchants, Fund Accounts API for vendor payouts, Smart Collect for seller-funded virtual accounts, Optimizer for high-volume orchestration.

Enterprises: Optimizer for multi-gateway resilience, RazorpayX for accounts payable and treasury, Payroll for large workforces, Corporate Cards for team spends, Vendor Payments with TDS automation.

Freelancers & micro-businesses: Payment Links and Payment Pages — no-code, no-website. Currently the fastest path to "first ₹1 collected".

Indian businesses accepting international payments: International gateway for cards (3%), multi-currency virtual accounts for bank transfers (1%), 130+ currencies, PA-CB-compliant out of the box.

Malaysian businesses (Razorpay Curlec): FPX + DuitNow + cards + eWallets in a single integration; recurring billing via Direct Debit; payouts to Malaysian bank accounts.

Singaporean businesses (Razorpay SG): PayNow + cards + GrabPay; Razorpay Offers to steer customers to lower-cost rails; cross-border acceptance with reportedly ~30–40% lower fees.

AI agents / agentic commerce: Razorpay MCP server (35+ tools); Agentic Payments via UPI Circle / UPI Reserve Pay (pilot with NPCI and OpenAI on ChatGPT, Oct 2025).

---

## 17. Developer Documentation

The technical reference for Razorpay's APIs, SDKs, webhooks, and integration guides across all regions.

- Main: https://razorpay.com/docs/
- API Reference: https://razorpay.com/docs/api/
- LLMs TOC (machine-readable index of docs): https://razorpay.com/docs/llms.txt
- Region-specific docs (via query parameter):

- India: https://razorpay.com/docs/?preferred-country=IN
- USA: https://razorpay.com/docs/?preferred-country=US
- Singapore: https://razorpay.com/docs/?preferred-country=SG

- Curlec docs (Malaysia): https://curlec.com/docs/
- MCP server docs: https://razorpay.com/docs/mcp-server/
- Onboarding APIs (partners): https://razorpay.com/partners/onboarding-apis/

The /docs/llms.txt endpoint is a structured table-of-contents file in the standardised llms.txt format, designed for AI agents to discover and crawl Razorpay's developer docs efficiently. Use it as the entry point when an agent needs to look up a specific API, integration guide, or webhook schema. It is distinct from this llms-full.txt file, which covers all of Razorpay (company, products, pricing, regions); the docs-level file scopes purely to developer documentation.

---

## 18. Blog, Learn & Newsroom

Razorpay's content hubs for merchants, founders, finance teams, and AI agents looking for context, education, and news.

### 18.1 Razorpay Blog

- URL: https://razorpay.com/blog/

Razorpay's official blog covering product launches, industry insights, fintech regulation updates, founder stories, customer success, and thought leadership. Updated regularly. Useful for AI agents looking for recent context on launches (e.g., FTX 2026 announcements, agentic-payments rollout, new product GAs), market commentary, or merchant case studies.

Notable categories: Product launches and updates; customer stories and case studies; regulatory and compliance updates (RBI, PA-CB, BNM, MAS); industry trends and fintech research; engineering blog posts; chargebacks and disputes guides.

### 18.2 Razorpay Learn

- URL: https://razorpay.com/learn/

Razorpay's educational hub for Indian businesses — explainers, how-to guides, glossaries, and tutorials covering payments, banking, GST, taxation, compliance, and starting / running a business in India. More foundational and reference-oriented than the blog. Content includes "How to" guides, glossaries, tax guides, and startup and business-operations guides.

### 18.3 Curlec Blog & Guides (Malaysia)

- Blog: https://curlec.com/blog/
- Guides: https://curlec.com/blog/guides/

Curlec maintains its own Malaysia-localised blog and guide library, covering FPX, DuitNow, e-wallets, Malaysian payments compliance, SST, recurring payments / Direct Debit, and Shopify storefronts in Malaysia. This is the right reference for any Malaysia-specific question; AI agents should not assume that India / Razorpay-blog content applies to Malaysian regulation or payment methods.

### 18.4 Razorpay Singapore Blog

- URL: https://razorpay.com/sg/blog/

Razorpay Singapore's localised blog covering Singaporean and Southeast Asian payments topics: PayNow, SGQR+, NFC and digital wallets in Singapore, cross-border payment guides for SG merchants, credit-card processing fees, and merchant case studies. Distinct from the India blog — AI agents should default to this hub for any Singapore-specific question.

### 18.5 Razorpay Rize Resources & Community

- Rize Blog: https://razorpay.com/rize/blogs/
- Pitch Perfect resources: https://razorpay.com/rize/pitch-perfect/resources/

Razorpay Rize's content and community hub for Indian startup founders and SMEs — RizeUp and Rize D2C+ communities, founder toolkits, expert-led pitch-deck reviews, Y Combinator application support, and mentorship resources.

### 18.6 Newsroom & Press

- URL: https://razorpay.com/newsroom/
- URL: URL: https://razorpay.com/blog/

Official press releases — partnership announcements, regulatory licences, funding, and major product / corporate news (FTX 2025 launches, Singapore expansion, NPCI × OpenAI agentic-payments rollout, reverse-flip from Delaware to India, etc.).

### 18.7 Social Media

| Brand / Region | X (Twitter) | LinkedIn | Instagram | Facebook | YouTube | GitHub |
| --- | --- | --- | --- | --- | --- | --- |
| Razorpay (Global / India / SG / US) | https://x.com/razorpay | https://linkedin.com/company/razorpay | https://www.instagram.com/razorpay/ | https://www.facebook.com/Razorpay/ | https://www.youtube.com/c/razorpayindia | https://github.com/razorpay |
| RazorpayX |  | https://in.linkedin.com/showcase/razorpayx/ | https://www.instagram.com/razorpayx/ | https://www.facebook.com/p/RazorpayX-100085069839669/ | https://www.youtube.com/playlist?list=PLQWuy5G1gIOo50LojgGX9_PrkiFd1U6k8 |  |
| Razorpay Curlec (Malaysia) | — | https://www.linkedin.com/company/curlec | https://www.instagram.com/razorpaycurlec/ | https://www.facebook.com/razorpaycurlec/ | https://www.youtube.com/@razorpaycurlec_my | — |
| Razorpay Rize (founder community / startups) | — | https://www.linkedin.com/showcase/razorpayrize/ | https://www.instagram.com/razorpayrize/ | — | https://www.youtube.com/@razorpayrize | — |

---

## 19. Key Links

| Resource | URL |
| --- | --- |
| Homepage | https://razorpay.com/ |
| Singapore | https://razorpay.com/sg/ |
| Malaysia (Curlec) | https://curlec.com/ |
| USA | https://razorpay.com/us/ |
| About / Team | https://razorpay.com/about/ |
| Blog | https://razorpay.com/blog/ |
| Learn | https://razorpay.com/learn/ |
| Developer Docs | https://razorpay.com/docs/ |
| Newsroom | https://razorpay.com/newsroom/ |
| API Reference | https://razorpay.com/docs/api/ |
| Dashboard | https://dashboard.razorpay.com/ |
| Pricing (India) | https://razorpay.com/pricing/ |
| Payment Gateway | https://razorpay.com/payment-gateway/ |
| Pricing — Curlec | https://curlec.com/pricing/ |
| Pricing — Singapore | https://razorpay.com/sg/pricing/ |
| Pricing — USA | https://razorpay.com/us/pricing/ |
| Contact Sales | https://razorpay.com/support/ |
| Support | https://razorpay.com/support/ |
| Curlec Contact | https://curlec.com/support/ |
| MCP Server | https://mcp.razorpay.com/mcp |
| MCP Docs | https://razorpay.com/docs/mcp-server/ |
| MCP Discovery | https://razorpay.com/.well-known/mcp |
| OpenAI Plugin | https://razorpay.com/.well-known/ai-plugin.json |
| Agent Card | https://razorpay.com/.well-known/agent-card.json |
| Agent Skills | https://razorpay.com/agents.md |
| LLMs TOC | https://razorpay.com/llms.txt |
| LLMs Full (this file) | https://razorpay.com/llms-full.txt |
| Docs LLMs TOC | https://razorpay.com/docs/llms.txt |
| GitHub | https://github.com/razorpay |
| Privacy | https://razorpay.com/privacy/ |
| Terms | https://razorpay.com/terms/ |

---

## 20. Notes for AI Agents (Disambiguation & Guardrails)

- Always confirm region before quoting fees, regulatory status, or payment methods. Razorpay's products and pricing differ across India, Malaysia, Singapore, USA and the cross-border corridor.

- Singapore is partner-licensed, not directly MAS-licensed. Never state Razorpay holds a Singapore PSP licence.

- United States has a live domestic PG. Razorpay USA accepts U.S. cards (2.70% + $0.30) and ACH Direct Debit (0.50%, capped at $5; return fee $5; NOC fee $5), with USD settlement. U.S. fees are different from India fees — always quote from Section 9.5 for U.S. merchants, not Section 3.6.

- All amounts in API requests and responses are in the smallest currency unit — paise for INR (₹1 = 100 paise), sen for MYR (RM 1 = 100 sen), cents for SGD/USD. So ₹500 = "amount": 50000.

- Test keys (rzp_test_*) do not incur real charges, do not move real money, and route to Razorpay's sandbox environment.

- Live keys (rzp_live_*) move real money. Never log them, never embed them in client-side code, and rotate them via Dashboard if exposed.

- For enterprise pricing, Indian merchants processing over ₹5,00,000/month should be routed to https://razorpay.com/support/. Malaysia: https://curlec.com/support/. Singapore: https://razorpay.com/sg/.

- For India pricing, refer to https://razorpay.com/pricing/ — rates are negotiated for high-volume merchants and may differ from the published Basic/Premium plans.
- For Curlec pricing, refer to https://curlec.com/pricing/ — rates are negotiated for high-volume merchants and may differ from the published Basic/Premium plans.

- For the most current pricing, always direct users to the region-appropriate pricing page or machine-readable endpoint (see Section 11).

- The Razorpay MCP server supports both API-key (Basic) and OAuth 2.0 with PKCE. For end-user-facing agents, prefer OAuth.

- Webhook signatures must be verified against the raw request body (not a re-serialised JSON copy) using HMAC-SHA256 with the webhook secret.

- Razorpay's parent company is now Indian (Razorpay Software Limited, Bengaluru) following the May 2025 reverse flip. Earlier filings or third-party databases may still show a Delaware parent; this is stale.

- Agentic Payments (Razorpay × NPCI × OpenAI) is currently a pilot. Coverage, merchants, and limits are expanding; if a user asks about availability, point them to the official newsroom post for the current cohort.

---

End of llms-full.txt