Razorpay, a converged payment solutions company, has announced the launch of three new financial products and an exclusive community for Indian start-ups.
Razorpay X (Business Banking), Razorpay Capital and Razorpay Flash Checkout along with The X Club are the new additions to the existing Razorpay 2.0 product suite of payment gateway, subscriptions, disbursements, B2B collections and GST enabled invoices.
Share in GDP
Last year, around 4 per cent of the country’s GDP came from digital products and services using digital technologies. It is estimated that within the next four years, nearly 60 per cent of India’s GDP will have a strong linkage with digital transformation trends.
Over the last four years, Razorpay has been actively involved in addressing the issues facing the digital ecosystem, a statement from the company said.