Razorpay and PayPal Partner to Help Indian MSME’s and Freelancers go Global

The partnership will make international payments seamless and safer

Razorpay is the first payment gateway to offer an integration with PayPal without code

Mumbai, 2nd December: Continuing its efforts to empower businesses with easy access to digital payment technologies, Razorpay, India’s leading full-stack financial solutions company, today announced a partnership with PayPal, a global leader in digital payments to enable seamless international payments for MSMEs and Freelancers. The company’s partner businesses can now integrate with PayPal and accept payments from international customers from across 200 markets in a convenient and secure manner, reducing wait time from days down to minutes.

After having faced stiff challenges due to the ongoing pandemic, Indian SMEs are hoping to bounce back by leveraging digital technologies as they believe it’ll help them increase their revenues. Even the freelancer economy is flourishing, a recent study revealed that India saw a 46% increase in new freelancers. While the potential for MSMEs and freelancers continues to grow, businesses still lose out on prospective global clients due to highly complex payment and banking infrastructure, processes and systems in place that lack seamless integration. Traditionally, micro-entrepreneurs have found it difficult to accept international payments on cards via payment gateways as many of them could not pass the eligibility checks at the banks’ end. By integrating PayPal into Razorpay’s payment platform, freelancers and MSMEs will now be able to accept international payments without having to write a single line of code. Having heavily-reduced wait-times for statutory approvals, this new service will be one of the fastest ways to accept digital payments, a boon for Indian entrepreneurs.

Commenting on the partnership, Amitabh Tewary, Chief Innovation Officer, Razorpay, said, “MSMEs have been impacted the most by disruptions caused by the ongoing pandemic. While they are making their best efforts to adapt to the changes and embrace a digital way of doing business, we at Razorpay are striving to help them overcome their payment and banking-related challenges to accelerate the pace of adoption of digital. Our association with PayPal is an important step towards realising that goal. Partnering with a globally recognized organization like PayPal with the expertise and experience of enabling digital payments for SMEs and Freelancers will allow us to further empower our partner businesses and open new growth avenues for them not just within India but internationally. We hope this partnership will help us serve our resilient MSME customers better and enable them to gear up for the new normal.”

Speaking on the partnership, Ashish Tandon, Director, Channel Partners said, “MSME’s form the backbone of the Indian economy. At PayPal our focus has been to help these businesses leverage the global opportunity and in light of the current pandemic, our cross border business has become even more relevant. We firmly believe in the power of partnerships to serve our consumers and merchants and our partnership with Razorpay will be instrumental in enabling Indian small businesses and freelancers to go global and tap into our 333 million consumer base across 200 markets.”

Last year, Razorpay launched its support for 100 International currencies via Internationally issued Credit and Debit cards - including all popular currencies such as USD, EUR GBP, CAD and SGD. Razorpay’s International payments are integrated across its product offering including Payment Gateway, Payment Links, Payment Pages, Subscriptions and Invoices. With the PayPal integration, businesses of all sizes can enable over 333mn PayPal users across 200 markets world-wide through the PayPal wallet.

The leading full-stack financial solutions company is witnessing a 40-45% month-on-month growth. This newly crowned FinTech Unicorn currently powers payments for over 8 Million businesses including the likes of Facebook, Airtel, BookMyShow, Ola, Zomato, Swiggy, Cred, ICICI Prudential among others and is all set to reach 10 Million businesses by the end of this year.

About Razorpay:

Razorpay, a full-stack financial services company, helps Indian businesses with comprehensive and innovative solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business. Established in 2014, the company provides technology payment solutions to over 5Mn businesses. Founded by alumni of IIT Roorkee, Shashank Kumar and HarshilMathur, Razorpay is the second Indian company to be a part of Silicon Valley’s largest tech accelerator, Y Combinator. Marquee investors such as Tiger Global, Sequoia Capital India, Ribbit Capital, Matrix Partners, Y Combinator and MasterCard have invested a total of $206.5 Mn through Series A, B, C & D funding. Around 33 angel investors have invested in Razorpay’s mission to simplify payments and banking and redefine how finance works in India.

About PayPal

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 350 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.

Razorpay and PayPal Partner to Help Indian MSME’s and Freelancers go Global

Posted by: educratsweb.com

I am owner of this website. I Love blogging and Enjoy to listening old song. ....
Enjoy this Author Blog/Website visit http://twitter.com/educratsweb

if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST

1. It is the fifth version of Sarfarosh 2 script which got finalized: Veteran Film-maker and IFFI 51 Indian Panorama Jury Chairperson John Mathew Matthan
“I have travelled all over India in search of content for my films”. “It is important for any film-maker to understand the elements of sociology and politics”. “I think a writer or director should be sensitive about the society. You can put across your point without being offensive to anyone”. These are the words of John Mathew Matth

2. NITI Aayog to Launch Second Edition of India Innovation Index 2020
NITI Aayog will release the second edition of the India Innovation Index 2020 on 20 January in a virtual event. The index will be released by NITI Aayog Vice Chairman Dr Rajiv Kumar in the presence of NITI Aayog Member Dr VK Saraswat and CEO Amitabh Kant. The release of the second edition of the index—the first was launched in October 2019—demonstrates the Government’s continued commitment towards transforming the country into an innovation-driven economy. The India

3. PM to deliver Keynote address at IIT 2020 Global Summit on 4th December
Prime Minister Shri Narendra Modi will be delivering a keynote address at the IIT-2020 Global Summit, organised by PanIIT USA, on 4th December 2020 at 09:30 PM. The theme of this year’s summit is ‘The Future is Now’. The Summit will focus on issues like global economy, technology, innovation, health, habitat conservation and universal education. PanIIT USA is an organization that is more than 20 years old. Since 2003 PanIIT USA has organised this conferen

4. PM addresses India Mobile Congress 2020
Prime Minister Shri Narendra Modi delivered inaugural address at the virtual India Mobile Congress (IMC) 2020 today through video conference. The theme for IMC 2020 is "Inclusive Innovation - Smart, Secure, Sustainable”. It aims to align to the Prime Minister’s vision to promote ‘AatmaNirbhar Bharat’, ‘Digital Inclusivity’, and ‘Sustainable development, entrepreneurship & innovation’. It also aims to drive foreign and local investments, encourage R

5. Women Executives of Delhi Police to Wear Khadi Silk Sarees
Khadi’s acceptance in various government offices is quickly catching pace. The latest government agency to have adopted Khadi is the Delhi Police which is purchasing elegant Khadi Silk Sarees for its women front desk executives at its establishments. Khadi and Village Industries Commission (KVIC) has received a purchase order for 836 Khadi Silk sarees worth Rs 25 lakh from Delhi Police that will be supplied in less than two months. The dual-tone sarees will be made of high quality Tasar-K

6. Successful Trials of 5.56 x 30 mm Joint Venture Protective Carbine (JVPC)
Defence Research and Development Organsiation (DRDO) designed 5.56x30 mm Protective Carbine has successfully undergone the final phase of User trials on 7th December 2020 meeting all the GSQR parameters. This has paved the way for induction into the services. This was the last leg of trials in a series of User trials which have been carried out in extreme temperature conditions in summer and high altitudes in winter. JVPC has successfully met the stringent performance criteria of reliability and ac

7. Indian Railways issues draft National Rail Plan
In an endeavour to address the inadequacies of capacity constraints and improve its modal share in total freight eco system of the country, Indian Railways has come up with Draft National Rail Plan. A long term strategic plan called the National Rail Plan has been developed to plan infrastructural capacity enhancement along with strategies to increase modal share of the Railways. The National Rail Plan will be a common platform for all future infrastructural, business and financial planni

8. KVIC Brings Alive 1000-yrs Old Monpa Handmade Paper Industry in Tawang to Revive the Heritage Art; a Historic Feat for North East
The 1000-year old heritage art – the Monpa Handmade Paper of Arunachal Pradesh – which was driven to the extinction, has come to life once again, with the committed efforts of Khadi and Village Industries Commission (KVIC). The art of making Monpa handmade paper originated over 1000 years ago. Gradually the art became an integral part of local custom and culture in Tawang in Arunachal Pradesh. Once produced in every household in Tawang, this handmade paper was a major so

9. 8 Para athletes in four different sports included in TOPS scheme
At the 50th meeting of the Mission Olympic Cell that was held on November 26, the decision to include 8 Para Athletes in four different sports Para Athletics, Para Shooting, Para Badminton and Para Table Tennis into the Target Olympic Podium Scheme was taken. Para Athletics: Men’s Discus Thrower in F52 event Vinod Kumar who has qualified for the Tokyo Paralympics at the World Championships was included in the TOPS scheme. Praveen Kumar who has qualified for the Tokyo Paralympics in Men&rs

10. GITA is a catalyst for nurturing innovation & industrial R&D by fostering bilateral academic-industry & government collaborations: Dr. Harsh Vardhan
Dr. Harsh Vardhan, Union Minister of Science & Technology, Health and Family Welfare and Earth Sciences, Govt. of India,has underlined how Global Innovation and Technology Alliance (GITA) served as a catalyst for nurturing innovation and industrial R&D by fostering bilateral academic industry and government collaborations, through a v

11. Technology can be an enabler for India to position itself as a global leader and build better international collaborations: Prof. K VijayRaghavan, PSA
Prof. K Vijay Raghavan, Principal Scientific Adviser to Government of India, highlighted the challenge of being AtmaNirbhar in a world where one also has to be interactive internationally and how technology can be an enabler for India to position itself as a global leader and build better international collaborations at the ‘Fireside Chat’ organised on the occasion of the 9th Foundation Day of Global Innovation and Technology Alliance (GITA). “AtmaNirbharta need to be viewed i

12. Young scientists share innovative ideas in a range of areas at the SCO Young Scientist Conclave
Young scientists shared their innovative ideas in a range of thematic areas in the five days Shanghai Cooperation Organisation (SCO) Young Scientist Conclave which concluded recently. The areas included agriculture and food processing; sustainable energy and energy storage; biotechnology and bioengineering; combating COVID-19 and emerging pandemics through research and innovation; environmental protection and natural resource management, 22 young scientists were given certificates of appreciati

13. Government asks private television channels to follow ASCI guidelines on online gaming and fantasy sports
The Ministry of Information and Broadcasting has issued an advisory asking all private television broadcasters to follow guidelines issued by the Advertising Standards Council of India (ASCI) for advertisements relating to online gaming, fantasy sports etc. The Ministry has advised that the advertisements should not promote any activity prohibited by statute or law. “It has come to the notice of Ministry of I&B that a large number of advertisements on Online Gaming, Fantasy Sports, et

14. Ministry of Commerce and Industry and Ministry of AYUSH decides to set up an AYUSH Export Promotion Council
The Ministry of Commerce and Industry and the Ministry of AYUSH have decided to work together to set up an Export Promotion Council to boost AYUSH exports. This decision was taken recently in a joint review of AYUSH trade and Industry by Shri Piyush Goyal, Minister of Commerce and Industry and Shri Shripad Naik, Minister of AYUSH. It was also decided in the review that the entire AYUSH sector will work together to achieve price and quality competitiveness to boost AYUSH exports. The review was held throu

15. IMC 2020, Day 2: The Virtual Event presented interesting sessions on Sustainable, Secure and Inclusive tech; 5G, AI and Next Gen innovation wave, smart devices of the future, among others
The second day of the India Mobile Congress 2020 commenced amidst much fanfare, drawing on from the echoing success of Day One, which had an inaugural address by none other than Prime Minister, Shri Narendra Modi. Day 2 kick started with a premier Telco's CEO Conclave on the topic - “Prioritizing Technology to Generate Sustainable Value.” There were seven other plenary sessions, including, 5G Use Cases + IoT - Innovation for the Super Generation of Mobile Technology; AI on the E

16. MOHUA launches Socio-Economic Profiling of PM SVANidhi beneficiaries
Shri Durga Shanker Mishra, Secretary, Ministry of Housing and Urban Affairs launched a programme of Socio-Economic Profiling of PM SVANidhi beneficiaries and their families today, as an additional component of PM SVANidhi Scheme, in the presence of representatives of various Central Ministries and State officials. Under this, a complete profile of each PM SVANidhi beneficiary and their family members will be prepared. Based on the profiled data, benefits of the various eligible Central S

17. Inauguration of Hypersonic Wind Tunnel at DRDO Hyderabad
Raksha Mantri Shri Rajnath Singh visited DRDO’s Dr APJ Abdul Kalam Missile Complex during his visit to Hyderabad on 19th Dec 2020. Hon’ble Union Minister of State for Home Affairs Shri G Kishan Reddy and Dr G Satheesh Reddy, Secretary, Department of Defence R&D and Chairman, DRDO accompanied him during the visit. Cluster DGs, Lab Directors and Programme Directors briefed the dignitaries about the ongoing projects and technological developments. On this occasion, Hyderabad based DRDO labs

18. Minister Skill Development & Entrepreneurship, Govt of India Unveilsthe Stamp of The Late Shri Prabhu Dayal Agarwal – Marking His 100th Birth Anniversary
Minister Skill Development & Entrepreneurship, Govt of India Unveilsthe Stamp of The Late Shri Prabhu Dayal Agarwal – Marking His 100th Birth AnniversaryMinister Skill Development & Entrepreneurship, Govt of India Unveilsthe Stamp of The Late Shri

19. PM to address India Mobile Congress 2020 tomorrow
Prime Minister Shri Narendra Modi will give the inaugural address at the virtual India Mobile Congress (IMC) 2020 on 08 December 2020 at 10:45 AM. IMC 2020 is being organised by the Department of Telecommunications, Government of India, and the Cellular Operators Association of India (COAI). It will be held from 8th to 10th December 2020. About IMC 2020 The theme for IMC 2020 is "Inclusive Innovation - Smart, Secure, Sustainable”. It aims t

20. PM lays foundation stone of New Parliament Building
Prime Minister Shri Narendra Modi laid the foundation stone of the New Parliament Building today. The new building is an intrinsic part of the vision of ‘AatmaNirbhar Bharat’ and will be a landmark opportunity to build a peoples’ Parliament for the first time after independence, one which will match the needs and aspirations of ‘New India’ in the 75th anniversary of independence in 2022. Speaking on the occasion, the Prime Minister said today is a milestone in Indi

21. PM to address Centenary Celebrations of AMU on 22 December
Prime Minister Shri Narendra Modi will address the centenary celebrations of Aligarh Muslim University on 22 December, 2020 at 11 AM via video conferencing. Prime Minister will also release a postal stamp during the event. Chancellor of the University His Holiness Syedna Mufaddal Saifudin and Union Education Minister Shri Ramesh Pokhriyal Nishank will also be present on the occasion. About AMU AMU became a University in 1920, through an Act of Indian Legislative Counc

22. Making the 600 million youth who will enter the workforceemployable will call for a rebooting of the education system states TeamLease Skills University
Making the 600 million youth who will enter the workforceemployable will call for a rebooting of the education system states TeamLease Skills University Mumbai, 21stDecember, 2020:If our education systemhas to become a game changer, it will require an overhaul states TeamLease Skills University’s latest whitepaper “Skills University: Making the Transition from Employment to Employability.”According to the analysismaking t

23. There is a need for increased seats for women in engineering and technical institutions to encourage women scientists and technologists: Telangana Governor
Gender parity is a global concern and world-wide countries are acknowledging the drawbacks of gender imbalance in sustainable development. One of the pillars for achieving self-reliance is accelerating gender equality by including more women in science, technology and innovation (STI). To discuss the status, the challenges and the way forward, a specific event has been designed in the India International Science Festival 2020 ‘Women Scientists and Entrepreneurs’ Conclave. The

24. NEP 2020 upholds Reservation Policy as Enshrined in Indian Constitution- Shri Ramesh Pokhriyal Nishank
Union Education Minister Shri Ramesh Pokhriyal ‘Nishank’ has today clarified that the NEP 2020 upholds the Reservation Policy enshrined in the Constitution of India. Following is the text of the Minister’s letter giving the details: “This is apropos media reports attributed to PTI that have appeared on and around 24th November 2020 questioning whether the NEP 2020 upholds the Reservation Policy as in enshrined in the Constitution of India. As per the articles published,

25. Razorpay and PayPal Partner to Help Indian MSME’s and Freelancers go Global
Razorpay and PayPal Partner to Help Indian MSME’s and Freelancers go Global The partnership will make international payments seamless and safer Razorpay is the first payment gateway to offer an integration with PayPal without code Mumbai, 2nd December: Continuing its efforts to empower businesses with easy access to digital payment technologies,

26 CIMAP Scientist Technical Officer Vacancy Recruitment 2020 #Jobs 12 Days Remaining for Apply
CIMAP Scientist Technical Officer Vacancy Recruitment 2020 CSIR-Central Institute of Medicinal and Aromatic Plants (CSIR-CIMAP), invites online applications in the prescribed format from Indian citizens for the recruitment of Government Job vacancy posts of Scientists and Technical Officer from enthusiastic young and dynamic Indian Nationals involved in Product Development/Technology Innovation/Applied Technology/Translation Research having excellent academic record/proven ...

27 Recruitment of Assistant Engineer Trainee Civil Vacancy in Uttar Pradesh Power Corporation Ltd (UPPCL) 2021 #Uttar Pradesh 3 Days Remaining for Apply
Uttar Pradesh Power Corporation Ltd (UPPCL) invites online application in the prescribed format from eligible Indian Nationals for direct recruitment to the following Sarkari Naukri vacancy posts of Assistant Engineer (Trainee - Civil Engineering) for various offices (DISCOMS/TRASCO) of Uttar Pradesh Power Corporation Ltd. (UPPCL) (Advt. No. 08/VSA/2020/AE/Civil). ...

28 Recruitment of Section and Translation Officer in Press Council 2021 #Jobs 8 Days Remaining for Apply
Applications in the prescribed format are invited from eligible Indian citizens to fill up the Sarkari Naukri vacancy posts for the recruitment of Assistant Section Officer (ASO) (Group-B Non-Gazetted) and Junior Translation Officer (JTO) in Press Council of India (Advertisement No. 1/9/2020-PCI (Admin)). Press Council Section Translation Officer Recruitment 2021 Vacancies ...

29 Manager Job Vacancy Recruitment in NPS Trust 2021 #Jobs 5 Days Remaining for Apply
National Pension System Trust (NPS Trust) invites online applications in the prescribed format from eligible Indian citizens for recruitment to fill up the following Sarkari Naukri vacancy posts of Officer Grade B (Manager) and Officer Grade A (Assistant Manager) across different streams on direct recruitment basis. (Advertisement No. 2/2020-21) NPS Trust Manager Jobs Recruitment 2021 Vacancies ...

30 Scientist and Driver Recruitment in NBRI Lucknow 2020-21 #Jobs 34 Days Remaining for Apply
CSIR- National Botanical Research Institute (NBRI), Lucknow, a premier plant science research institute under CSIR. CSIR-NBRI invites applications in the prescribed recruitment form from enthusiastic, innovative and young Indian researchers having an excellent academic record and proven scientific achievements for Recruitment to fill up the following Sarkari Naukri vacancies of Scientists and Vehicle Driver Job Vacancies in CSIR CBRI. (Advertisement No. 02/2020) CSIR NBRI Scientist and ...

31 Recruitment of Probationary Officers in ECGC Ltd. 2021 #Jobs 7 Days Remaining for Apply
ECGC Limited invites online applications in the prescribed format for the recruitment for Sarkari Naukri vacancy posts of Probationary Officers (PO) from Indian citizens in various specialist/ generalist disciplines. ECGC limited Probationary officer Recruitment 2021 ECGC Probationary Officer Recruitment 2021 Vacancies Probationary Officers: 59 vacancies (UR-25, EWS-05, OBC-16, SC-09, ST-04) (PWD-04), Pay Scale: ₹32795-62315 (Under revision since 2017), A ...

32 NCC Special Entry Scheme 49th Course Commencing April 2021 Short Service Commission (SSC) Officer for Male & Women in Indian Army #Defense & Police 4 Days Remaining for Apply
NCC Special Entry Scheme 49th Course Commencing April 2021 Short Service Commission (SSC) Officer for Male & Women in Indian Army The Indian Army is looking for a few good Men and Women. For the best and the brightest among you. Online applications on prescribed format are invited from unmarried male and female or widow of defense candidates for grant of Short Service Commission (SSC) in the Indian Army for NCC April 2021 entry. The NCC holders will become SSC Officers i ...

33 Recruitment of Faculty & non-Teaching Vacancy in IIT Tirupati 2021 #Jobs 5 Days Remaining for Apply
Indian Institute of Technology (IIT) Tirupati (Andhra Pradesh) invites online applications in the prescribed format from candidates with an established record of independent high-quality research and commitment to teaching for regular Faculty Sarkari Naukri Vacancy positions of Professor, Associate Professors, and Assistant Professor and regular non-teaching staff vacancies. (Advertisement No. IITT/FAC – RMT-01/2020 & IITTP/Staff RMT-01/2020) Government Jobs Vacancy Recruitment IIT Tirup ...

34 Apex Bank Officer Grade Vacancy Recruitment 2021 #Bank 7 Days Remaining for Apply
M.P. Rajya Sahakari Bank Maryadit (Apex bank - MPRSB) (M.P. State Cooperative Bank Limited) having headquartered at Bhopal (Madhya Pradesh) invites Online application in the prescribed format from Indian citizens for recruitment and appointment to the following 29 Posts of Officers Grade (Specialists) for the year 2021 in Apex Bank. Apex Bank Specialist Officer Grade Recruitment 2021 Vacancies Apex Bank Officer Grade : 29 vacancies in SM-I/SM-II/MM-I/MM-II ...

35 Apex Bank Cadre Officer Vacancy Recruitment 2021 #Bank 14 Days Remaining for Apply
M.P. Rajya Sahakari Bank Maryadit (Apex bank - MPRSB) (Madhya Pradesh State Cooperative Bank Limited) having headquartered at Bhopal (Madhya Pradesh) invites Online application in the prescribed format from Indian citizens for recruitment and appointment to the following 75 Sarkari Naukri Vacancy Posts of Cadre Officers for the year 2021 in Apex Bank. Apex Bank Cadre Officer Recruitment 2021 Vacancies Chief Executive Officer (General Manager) Class-I : 12 ...

36 दिखाओ अपनी प्रतिभा पूरे देश को हिन्दुस्तान ओलिंपियाड के साथ #Scholorship 15 Days Remaining for Apply
दिखाओ अपनी प्रतिभा पूरे देश को हिन्दुस्तान ओलिंपियाड के साथHindustan Olympiad Identified as one of the world’s biggest Olympiads with a legacy of ...

37 Recruitment of Junior Engineer Trainee Civil Vacancy in UPPCL 2021 #Uttar Pradesh 30 Days Remaining for Apply
Uttar Pradesh Power Corporation Ltd (UPPCL) invites online application on prescribed format from eligible Indian Nationals for direct recruitment to the following Sarkari Naukri vacancy posts of Junior Engineer (Trainee - Civil Engineering) for various offices (DISCOMS/TRASCO) of Uttar Pradesh Power Corporation Ltd. (UPPCL) (Advt. No. 01/VSA/2021/JE/Civil). This vacancy of Junior Engineer (Trainee) Civil 2021 in UPPCL is suitable for those who have a Diploma in Engineering in t ...

We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! visit https://forms.gle/jDz4fFqXuvSfQmUC9 and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends