Razorpay launches first international payment gateway in Malaysia

Tags: International News

Razorpay-launches-first-international-payment-gateway-in-MalaysiaFintech 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.

About Razorpay

  • Establishment - 2013

  • Founder - Shashank Kumar, Harshil Mathur

  • CEO - Harshil Mathur

  • Headquarters - Bangalore, India

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