A Fintech firm providing best payment solutuions in India, Razorpay declared that it has reached a TPV - (Total Payment Volume) of $150 billion and revealed numerous features such as AI chatbot & 'Payment Gateway 3.0'

During the event, ‘FTX 2024’, Harshil Mathur, CEO and Co-Founder, Razorpay underscored the bang of advancements on the fintech industry of India. The Fintech firm aims to make the movement of money ecosystem simpler and supply smart payment solutions for business and banking.

In the significant era of Indian Fintech, Razorpay pioneered the India’s first UPI-led enterprise-ready dynamic QR (DQR) device to support the QR based payments and digital, contactless tap cards for payments. Now, additionally the company launched a full-stack marketing growth suite -‘Engage’ and an AI assistant- ‘RAY’ for e-commerce dealings & business that caters all the payment & financial related functions.

On this launch, Shashank Kumar, MD and Co-founder, Razorpay says, “We are heavily leveraging the true power of AI in our products, from chargeback protection to RTO fraud detection to ‘DoclessAI’ integration that enables businesses to go live in just 10 minutes”.

 ‘AI Nucleus’ - Razorpay’s proprietary AI engine is projected to assist the business to achieve over 30 percent robust conversions which leads to higher revenues. The technological advancements by Razorpay foster to underscore the conventional complexities in the financial and money movement ecosystem for small, medium and large businesses. As the Fintech market of India is geared up to experience a robust growth and development, the offerings by Razorpay aligns with the ever-evolving sphere of contactless payments & technology in the nation.

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