{"id":4544,"date":"2025-06-30T09:22:10","date_gmt":"2025-06-30T09:22:10","guid":{"rendered":"https:\/\/razorpay.com\/newsroom\/?p=4544"},"modified":"2025-06-30T09:53:53","modified_gmt":"2025-06-30T09:53:53","slug":"razorpay-unveils-industry-first-innovations-at-ftx25-corporate-cards-with-yes-bank-agentic-ai-powered-payments-suite-and-indias-first-buyer-protection-program","status":"publish","type":"post","link":"https:\/\/razorpay.com\/newsroom\/razorpay-unveils-industry-first-innovations-at-ftx25-corporate-cards-with-yes-bank-agentic-ai-powered-payments-suite-and-indias-first-buyer-protection-program\/","title":{"rendered":"Razorpay Unveils Industry-First Innovations at FTX\u201925: Corporate Cards with YES Bank, Agentic AI-Powered Payments Suite, and India\u2019s First Buyer  Protection Program"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">From intelligent credit solutions to AI-powered payments, customizable gift cards, and secure online shopping, Razorpay\u2019s latest innovations are redefining the way businesses will manage money, expand globally, and elevate customer engagement<\/span><\/i><\/li>\n<\/ul>\n<p><b>INDIA, Bengaluru, 20th February 2025: <\/b><i><span style=\"font-weight: 400;\">In today\u2019s fast-paced digital economy, trust, and seamless money movement is the backbone of every business.<\/span><\/i><span style=\"font-weight: 400;\"> However, businesses often navigate complex operations, seeking more efficient ways to optimize time and resources. <\/span><b>Bringing the Future of Payments to Businesses, <\/b><a href=\"https:\/\/razorpay.com\/\"><b>Razorpay<\/b><\/a><span style=\"font-weight: 400;\">,<\/span> <span style=\"font-weight: 400;\">India\u2019s Leading Omnichannel Payments and Business Banking Platform, <\/span><b>introduced<\/b><b> four pioneering<\/b><b> industry-first innovations at its flagship event, FTX, <\/b><span style=\"font-weight: 400;\">that will usher in a new era of business finance. The company believes the <\/span><b>future is about <\/b><b><i>making money movement invisible, intelligent, and effortless<\/i><\/b> <span style=\"font-weight: 400;\">so that businesses can scale, innovate, and drive impact.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here is the suite of products launched at FTX.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>RazorpayX Corporate Cards with Yes Bank<\/b><span style=\"font-weight: 400;\"> &#8211; India\u2019s First Founder-First Corporate Card, Built to Fuel the Dreams of Fast-growing Startups<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Razorpay Buyer Protection<\/b><span style=\"font-weight: 400;\"> &#8211; India\u2019s First Buyer Protection Program Building Trust in Online Shoppers &amp; eCommerce Brands<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Razorpay RAY Agentic-AI Toolkit<\/b><span style=\"font-weight: 400;\"> &#8211; India\u2019s First AI-powered Suite, Revolutionizing Onboarding, Integration, Payments, Real-time Financial Intelligence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Razorpay Engage Gift Cards <\/b><span style=\"font-weight: 400;\">&#8211; India\u2019s First Intelligent, Customizable Gifting Platform, Built to Transform Customer Loyalty<\/span><\/li>\n<\/ul>\n<p><a href=\"https:\/\/razorpay.com\/ftx\/\"><span style=\"font-weight: 400;\">The 6th edition of FTX<\/span> <\/a><span style=\"font-weight: 400;\">brought together <\/span><b>over 70 thought-provoking speakers <\/b><span style=\"font-weight: 400;\">from the likes of NPCI, MeitY, Meta, WhatsApp, AWS, Airbnb, Google, Salesforce, Cred, Zomato, Swiggy, Yes Bank, Adani Group, Mastercard, Visa India, GIC, among many others. The event was physically &amp; virtually attended by Startup Founders, D2C Brand Entrepreneurs, Executives from Enterprises, Regulators, Banking partners and thousands of fintech enthusiasts from across the globe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Presenting the powerful suite of products unveiled at FTX. Razorpay believes the <\/span><b>newly launched products will bring agility and flexibility to its merchants\u2019 financial operations and cater to their payments and business banking needs.<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Launched RazorpayX Corporate Cards in Partnership with Yes Bank: India\u2019s Founder-First Corporate Card<\/b><\/li>\n<\/ul>\n<p><b>Launched in 2020, <\/b><a href=\"https:\/\/razorpay.com\/x\/\"><b>RazorpayX<\/b><\/a> <span style=\"font-weight: 400;\">is one of the most comprehensive business banking solutions for Founders and their businesses &#8211; their employees, partners, and vendors, solving for reconciliation, payouts, employee salaries, and compliance. <\/span><b>Today, the company took it a notch up and chose to solve for a new challenge &#8211; Startup Founders struggling to get a Corporate Card.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">While India\u2019s startup <\/span><b>ecosystem races toward a $120 Bn GDP contribution by 2030, Startup founders still face hurdles in accessing corporate credit cards,<\/b><span style=\"font-weight: 400;\"> managing cash flow, and optimizing financial operations. <\/span><span style=\"font-weight: 400;\">Traditional corporate cards often come with lengthy approvals, high collateral requirements, and limited accessibility, forcing founders to rely on personal credit cards.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having closely witnessed the struggles of early-stage Startups, <\/span><b>Razorpay today launched RazorpayX Corporate Card in partnership with<\/b> <b>Yes Bank, <\/b><i><span style=\"font-weight: 400;\">a card designed for fast-paced, high-growth, late-night-grinding startups.<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Empowering Founders and teams with <\/span><b>customized spending limits and supplementary cards, <\/b><span style=\"font-weight: 400;\">reducing dependency on a single card\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automated reconciliation \u2013 AI-driven tracking ensures <\/span><b>real-time expense visibility and compliance<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Smart recurring payments \u2013 Simplifies <\/span><b>SaaS subscriptions and vendor payments<\/b><span style=\"font-weight: 400;\"> for uninterrupted business operations for Startups<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">And because every rupee counts in a startup\u2019s journey, the RazorpayX <\/span><b>Corporate Card is built for Founders <\/b><b>to make spending easier, tracking effortless, and startup life a little less painful.\u00a0<\/b><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Launched India\u2019s First Buyer Protection Program: Building Trust in eCommerce Brands and Protecting Online Shoppers From Fraudulent Brands<\/b><\/li>\n<\/ul>\n<p><b>India\u2019s e-commerce market is set to hit $200 Bn by 2026,<\/b> <b>yet 60% of online shoppers hesitate to make prepaid purchases<\/b><span style=\"font-weight: 400;\"> due to concerns over <\/span><b>non-delivery, defective products, and fraudulent sellers<\/b><span style=\"font-weight: 400;\"> wondering \u201c<\/span><i><span style=\"font-weight: 400;\">What if they take your money and don&#8217;t deliver.\u201d or \u201cIs this product a fraud?\u201d.<\/span><\/i><span style=\"font-weight: 400;\"> This eventually leads to cart abandonment, COD dependency, and rising RTO losses for D2C brands and mid-sized businesses.<\/span><\/p>\n<p><b>Bridging this trust gap, Razorpay introduced Razorpay Buyer Protection, India\u2019s First-of-its-kind Buyer Protection Program, built for online shoppers who can opt for it at checkout. <\/b><span style=\"font-weight: 400;\">With a single click, an online shopper is assured peace of mind and a money-back guarantee in case they encounter any problem. This game-changing solution ensures secure, dispute-free transactions, empowering not just online shoppers but also D2C brands, and SMBs with confidence and a seamless payment experience.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Effortless Checkout Integration<\/b><span style=\"font-weight: 400;\"> &#8211; One-click activation at checkout, removing purchase hesitation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Boosted Conversions<\/b><span style=\"font-weight: 400;\"> &#8211; Businesses can witness a 30% increase in completed orders and a 5X jump in add-to-carts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lower RTO Losses<\/b><span style=\"font-weight: 400;\"> &#8211; Drives prepaid adoption, reducing fraud risks and operational inefficiencies<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">By embedding trust at the core of every transaction, <\/span><b>Razorpay Buyer Protection<\/b><span style=\"font-weight: 400;\"> is redefining consumer confidence, helping brands drive sales, enhance credibility, and create a safer digital shopping experience.<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><b>Unveiled Razorpay Agentic-AI: India\u2019s First AI-Powered Payments Suite, Transforming Onboarding, Integration, and Real-Time Financial Intelligence<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The demand for AI in every industry is at an all-time high. While the full potential of GenAI is still unfolding, <\/span><b>Agentic AI is quickly becoming a key focus in financial services. <\/b><span style=\"font-weight: 400;\">It\u2019s a software development kit (SDK) that enables AI agents to engage in transactions with human users.<\/span><\/p>\n<p><b>With Agentic AI, the way individuals shop is also set to change &#8211; unlike anything seen before.<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tomorrow, AI agents can do everything &#8211; book flights, put together a packing list for one\u2019s upcoming San Francisco flight, or reserve your ticket for the next Coldplay concert before it\u2019s sold out in 3 minutes.<\/span><\/li>\n<\/ul>\n<p><b>With Agentic AI changing every industry, Razorpay believes it will have a significant impact on how people have been making online transactions.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Last year, Razorpay RAY redefined how businesses handle payments, resolving issues instantly, explaining failures, and offering real-time solutions. Now, <\/span><b>Razorpay is taking AI innovation a notch up with the AI Agentic<\/b> <b>&#8211; a game-changing suite of tools that will transform the way businesses engage with payments. <\/b><span style=\"font-weight: 400;\">Whether it\u2019s onboarding, integration, or transaction management &#8211; it\u2019ll all be made faster, easier, and more autonomous than ever!<\/span><\/p>\n<p><b>Introducing RAY Agentic-AI Toolkit &#8211; The biggest leap in AI-powered payments, encompassing:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>RAY Onboarding Assistant<\/b><span style=\"font-weight: 400;\"> &#8211; A 10x faster onboarding process, where AI auto-fills business details, verifies documents and has zero manual input<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>RAY Co-Pilot (AI Developer)<\/b><span style=\"font-weight: 400;\"> &#8211; Once a business is onboarded, it needs to integrate a payment gateway. Razorpay Co-Pilot does this by generating code, testing setups, and simplifying development<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>RAY Concierge<\/b><span style=\"font-weight: 400;\"> &#8211; A 24\/7 real-time payment analyst that monitors 20+ critical metrics, detects issues, and alerts businesses before failures occur<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>RAY Agentic-AI Toolkit <\/b><span style=\"font-weight: 400;\">&#8211; Enables AI-driven, one-click transactions without checkout redirections for a seamless commerce experience<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With RAY Concierge as a business\u2019 Command Center, RAY Co-Pilot as their AI Payments developer, and RAY Agentic-AI Toolkit powering the next generation of commerce, Razorpay believes it is <\/span><b>redefining how payments will work. It will not just help businesses make decisions but actually act on them &#8211; autonomously, contextually, and with adaptability.<\/b><\/p>\n<ul>\n<li aria-level=\"1\">\n<h3><b>Introducing Razorpay Engage Gift Cards: India\u2019s first Intelligent, Customizable Gifting platform, Redefining Customer Loyalty and Engagement\u00a0<\/b><\/h3>\n<\/li>\n<\/ul>\n<p><b><i>Gift-giving in India represents much more than just tangible objects, <\/i><\/b><i><span style=\"font-weight: 400;\">they serve as a representation of the relationship between the sender and the receiver. <\/span><\/i><span style=\"font-weight: 400;\">As online shopping and digital payments gain traction, gift cards have emerged as a preferred choice for gifting and rewards, especially as an option for last-minute gifts. <\/span><b>While India\u2019s digital gifting market is projected to reach $31 billion by 2030<\/b><span style=\"font-weight: 400;\">, <\/span><b>businesses continue to grapple with high acquisition costs, low retention, and ineffective discount-led cash burn <\/b><span style=\"font-weight: 400;\">that rarely delivers long-term value.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Last year, Razorpay announced its foray into Marketing Solutions by launching <\/span><b>\u2018Engage\u2019 <\/b><span style=\"font-weight: 400;\">as <\/span><span style=\"font-weight: 400;\">a <\/span><b>Full-Stack Intelligent Marketing Growth Suite, post-acquisition of PoshVine in 2022<\/b><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">Engage is created to solve the most difficult problem in the world, make CFOs love their marketing teams. <\/span><span style=\"font-weight: 400;\">And as part of the continuous research on understanding consumer behaviour in the last 2.5 years, <\/span><b>Razorpay a few months ago envisioned a smarter way for businesses to engage their customers, beyond just discounts and ads.\u00a0<\/b><\/p>\n<p><b>Razorpay today reimagined Gift-Cards from the ground up and launched its first digital Gift-Cards with three brands, Apple Premium Reseller<\/b><span style=\"font-weight: 400;\">, <\/span><b>Blinkit,<\/b> <b>and Lenskart.<\/b><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With Razorpay Engage Gift Cards, every business is in control, they can <\/span><b>set redemption rules, customize discounts for different customers, <\/b><span style=\"font-weight: 400;\">and design gift cards for specific products<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A single integrated platform will help businesses <\/span><b>issue, accept, and distribute gift cards <\/b><span style=\"font-weight: 400;\">effortlessly\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">And, <\/span><b>shoppers can seamlessly create and redeem gift cards right on their checkout <\/b><span style=\"font-weight: 400;\">page\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All Gift-cards are enabled with <\/span><b>AI-powered security <\/b><span style=\"font-weight: 400;\">ensuring zero leakage and fraud<\/span><\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Gift cards will now be <\/span><b>available across one of India\u2019s largest rewards catalogs<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Speaking <\/span><span style=\"font-weight: 400;\">at<\/span><span style=\"font-weight: 400;\"> FTX, <\/span><b>Harshil Mathur, Co-founder &amp; CEO, Razorpay<\/b><span style=\"font-weight: 400;\"> said, <\/span><i><span style=\"font-weight: 400;\">\u201cOver the past decade, Razorpay has been at the heart of India\u2019s digital revolution, building financial solutions that empower businesses of all sizes. <\/span><\/i><b><i>And now we\u2019re entering a new era where financial systems should be so seamless that businesses don\u2019t even notice them, they just scale. <\/i><\/b><i><span style=\"font-weight: 400;\">Speaking of that, I\u2019m personally thrilled about our RAY Agentic-AI Toolkit, which I believe will be a breakthrough in intelligent financial automation and power the next generation of commerce. So, soon when your AI assistant finds you the perfect hotel, an OTT subscription, or a limited-edition sneaker &#8211; you will not see a checkout page, no redirections, and no interruptions. <\/span><\/i><b><i>Instead of being taken away from your journey, payments will happen effortlessly in the background, making transactions smoother, faster, and completely frictionless.\u201d<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">He added, <\/span><b><i>\u201cThe future of business finance will not just be about managing money &#8211; but about making it move at the speed of ambition.<\/i><\/b><i><span style=\"font-weight: 400;\"> And in a world where India is innovating faster than anyone can predict, the need to rewrite the rules of finance and the need for futuristic intelligent financial solutions has never been greater.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Commenting on the launch of Razorpay\u2019s latest line of products,<\/span><b> Shashank Kumar, MD &amp; Co-founder, Razorpay said, \u201c<\/b><i><span style=\"font-weight: 400;\">I believe Fintech is only 1% finished. India is now a global example of fintech innovation. There is so much more to do! With continued innovations like these, we believe together, we will soon change the way payments and business banking have been done in India.<\/span><\/i> <b><i>AI-powered payments, frictionless credit, and trust-first commerce solutions aren\u2019t just innovations, they are the driving force behind the next generation of business success<\/i><\/b><i><span style=\"font-weight: 400;\">. We\u2019re transforming commerce into something that doesn\u2019t wait to happen but adapts in real time to the needs of the businesses. All the products we launched today have a play of AI embedded in them, be it Corporate Cards, Engage Gift Cards, or Buyer Protection Program. I believe that as businesses push boundaries and reimagine possibilities, these products that we launched today will <\/span><\/i><b><i>fuel their ambitions, unlock new opportunities for them, and shape the future of a dynamic, AI-driven financial era like never before<\/i><\/b><i><span style=\"font-weight: 400;\">.\u201d<\/span><\/i><\/p>\n<p><b>As India\u2019s fintech landscape evolves, Razorpay remains at the forefront of building next-generation financial infrastructure for businesses. <\/b><span style=\"font-weight: 400;\">Over the past decade, from pioneering digital payments to reshaping India\u2019s financial ecosystem, Razorpay has set new benchmarks in fintech. With an unwavering commitment to empowering businesses with intelligent, scalable solutions, Razorpay is not just responding to the future of business finance, it\u2019s shaping it.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From intelligent credit solutions to AI-powered payments, customizable gift cards, and secure online shopping, Razorpay\u2019s latest innovations are redefining the way businesses will manage money, expand globally, and elevate customer engagement INDIA, Bengaluru, 20th February 2025: In today\u2019s fast-paced digital economy, trust, and seamless money movement is the backbone of every business. However, businesses often<\/p>\n","protected":false},"author":14,"featured_media":4545,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[1],"tags":[33,139,183],"class_list":{"0":"post-4544","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized","8":"tag-razorpay","9":"tag-razorpay-ftx","10":"tag-razorpay-ftx-2025"},"modified_by":"Anu Saraswat","_links":{"self":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/comments?post=4544"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4544\/revisions"}],"predecessor-version":[{"id":4546,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/posts\/4544\/revisions\/4546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media\/4545"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/media?parent=4544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/categories?post=4544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/newsroom\/wp-json\/wp\/v2\/tags?post=4544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}