Comment on India’s Razorpay launches corporate credit cards, current accounts support in major neo banking push

India’s Razorpay launches corporate credit cards, current accounts support in major neo banking push

India’s RazorPay, one of the largest payments processing firms in the country, today announced a range of new services aimed at startups, businesses, merchants and freelancers as the Bangalore-based firm expands the reach of its financial platform in the nation. The startup, which raised $75 million from Ribbit Capital and others in June this year, today introduced a new kind of corporate credit card and some banking services for startups and SMEs, and a new payment option for individuals to quickly receive money from their clients. All of these services are solving some major challenges faced by tens of millions of businesses in the country.

 

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