Log In

Company : Razorpay 
Friday, November 11, 2016 1:15PM IST (7:45AM GMT)
Razorpay Introduces One-hour 'Express Activation' to Enable Online Payments for Small Businesses
Bangalore, Karnataka, India

Razorpay, an online payments platform, today announced the launch of ‘Express Activation’ for all offline businesses in India. The move aims to provide immediate relief to thousands of small businesses caught off guard because of the demonetization effort taken up by the government. ‘Express Activation’ will allow merchants to get their account approved and activated within 1 hour of submitting relevant documents.
With Express Activation, Razorpay will be the only payment gateway to onboard merchants in an hour. The initiative will help small merchants who have been primarily transacting through cash until now. Razorpay expects 5x growth in merchants to get onboard within the next 30 days. A lack of an alternative online payment solution is detrimental to smaller business who will be impacted the most. Razorpay’s ‘Express Activation’ will help these merchants start accepting online payments in a matter of hours.

“We’ve been inundated with queries since the demonetization announcement was made by the Prime Minister. Small businesses rely heavily on cash to carry out their day-to-day operations. Though we welcome the government’s move of banning 500 and 1000 rupee notes, we also understand the difficulties for small businesses to cope with the situation. We want to do our part in helping the nation adapt to online payments and reduce the dependency on cash transactions”, said Harshil Mathur, CEO & Co-Founder, Razorpay.
Razorpay already enables merchants with a completely online and paperless onboarding process. Razorpay’s easy to use API helps merchants integrate Razorpay with their website as fast as 30 minutes. For merchants who use e-commerce platforms like Shopify, Razorpay offers plugins for integration.
Razorpay is the second company from India to be selected by the world's most prestigious startup accelerator Y Combinator, with over 10,000 merchants including the likes of Nykaa, Voonik, Papa John’s, Runnr, Chai Point, Nestaway, Eatfresh, etc among others.
About Razorpay
Razorpay is a payments platform for online businesses in India. Razorpay helps businesses accept online payments via Credit Card, Debit Card, Net banking and Wallets from their end customers. Razorpay is known to be a developer oriented payment gateway and focuses on essentials such as 24x7 support, one-line integration code and superior checkout experiences. Razorpay’s investors include MasterCard, Tiger Global, and Matrix Partners.

For News Release background on Razorpay click here
Media Contact Details
Apoorva, Gutenberg Communications, +91-9945413592, apoorva@gutenbergpr.com
Submit your press release
More News from Razorpay

10/10/2018 4:23PM

BookMyShow Partners Razorpay for UPI Payments

Razorpay, India’s first converged payment solutions company, today announced its alliance with BookMyShow, India’s largest online entertainment destination, to help consumers book tickets on the BookMyShow website and ...

19/09/2018 2:00PM Image

Razorpay Recognised Among India’s Most Sought-After Startups: LinkedIn

Razorpay, India’s first holistic converged payments solution company, today announced that it has been named to the 2018 LinkedIn Top Startups List, which honors the 25 most sought-after startups in India.

14/08/2018 12:10PM Image

This Independence Day, Razorpay Urges People to #STAYININDIA

This Independence Day, India’s First Converged Payments Solution Company, Razorpay, launches #STAYININDIA campaign, urging young professionals and students across India to stay back in the country, to carry forward the ...

Similar News

11/12/2018 7:21PM

The Brightline Initiative Announces Strategic Partnership with NetEase

The Brightline Initiative announced today that NetEase (网易) joined its coalition as first founding member from the Asia region to help address the growing challenges of strategy implementation leveraging on insight and ...

No Image

11/12/2018 6:15PM Image

New Duty Drawback Rates Will Boost Cotton Textiles Exports - Chairman, TEXPROCIL

The Government has announced the revised Duty Drawback rates vide CBIC Notification No. 95/2018 – CUSTOMS (N.T) dated December 6, 2018.