Razorpay, a top payments and business banking platform in India, won the ‘Best Fintech Company’ award in the Payments category at the 28th Business Today & KPMG’s Best Banks and Fintech Awards 2024 in Gandhinagar. The award highlights Razorpay’s impact on the fintech sector with innovative products and infrastructure. Minister Nitin Gadkari and other dignitaries presented the award. The award recognizes companies with resilience, innovation, talent development, and strategic partnerships to adapt to the changing fintech landscape.
Razorpay Wins Best Fintech Company Award
The Business Today & KPMG Awards 2024 brought together fintech and banking experts to promote collaboration and innovation. Renowned names in the banking and financial services industry participated in the event. Alongside Razorpay, other notable winners included HDFC Bank, Bajaj Finance Ltd, Kotak Mahindra Bank, and Federal Bank.
Arpit Chug, Razorpay’s Chief Financial Officer, expressed gratitude for winning the ‘Best Fintech Firm’ title, emphasizing the company’s commitment to making digital payments accessible to startups and SMEs. Chug credited Razorpay’s success to its perseverance, innovation, and proactive approach to addressing industry challenges. He appreciated the Razorpay teams, partners, and customers for their support and trust, which played a crucial role in achieving this recognition.
Razorpay Leading the Way in Digital Payments
Razorpay has emerged as India’s top digital payment processing player, boasting an annual Total Payment Volume (TPV) of $150 Billion. The recent FTX event showcased Razorpay’s latest innovations, including ENGAGE, India’s first full-stack Intelligent Marketing Growth Suite, and RAY, the country’s inaugural AI Assistant for Payments & Payroll.
Razorpay unveiled Razorpay PG 3.0, the first Payment Gateway tailored for 600 million users, and Razorpay Dynamic POS Device, India’s initial UPI-Led QR Stack for Enterprises. These pioneering solutions solidify Razorpay’s position as India’s premier full-stack platform for all payment and business banking needs, driven by a commitment to continuous innovation.
Razorpay Simplifying Payments and Banking for Indian Businesses
Razorpay, a platform for businesses, offers comprehensive and innovative solutions using robust technology to handle all aspects of the payment and banking process. Founded in 2014 by Shashank Kumar and Harshil Mathur, alumni of IIT Roorkee, Razorpay serves millions of businesses in India. It became the second Indian company to join Silicon Valley’s Y Combinator, a prominent tech accelerator.
With investments totalling $741.5 million from notable investors like Lone Pine Capital, Tiger Global, Sequoia Capital India, and others, Razorpay is committed to simplifying payments and business banking. Its mission is to revolutionize finance in India.
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