Razorpay launches first international payment gateway in Malaysia
Tags: International News
Fintech firm Razorpay launched its first international Razorpay gateway in Malaysia in partnership with Curlec.
An Overview of the News
The payment gateway aims to serve over 5,000 businesses in Malaysia and achieve 10 billion RM (Malaysian Ringgit) in annual gross transaction value (GTV) by 2025.
The payment gateway provided by Curlec simplifies payment collection and automates payments for businesses of all sizes.
The move by Razorpay follows the acquisition of a majority stake in Malaysia-based startup Curlec in February 2022.
Digital business in Malaysia currently contributes 22.6% to the country's GDP.
It is projected that the contribution of digital trade to Malaysia's GDP will increase to 25.5% by 2025.
Establishment - 2013
Founder - Shashank Kumar, Harshil Mathur
CEO - Harshil Mathur
Headquarters - Bangalore, India
Please Rate this article, so that we can improve the quality for you -