The Ken is launching a Southeast Asia edition soon. Join the waitlist to get early access

The big reset

The Razorpay payments Matrix: Can this Neo bank be The One?

Razorpay is developing a payments matrix. To reinvent itself as a market leader of payment gateways by 2020 with a 450% growth. And so, it has styled itself a neo bank, in anticipation of a pay off

21/05/19

Arundhati Ramanathan

Razorpay says it is poised to be the market leader in processing payments from internet commerce based companies

But the payment gateway business is becoming increasingly commoditised

Razorpay is now seeing payment gateway only as a customer acquisition business

To retain customers, it wants to become a neo bank by opening smart current accounts for its merchants

matrix-4002462_960_720.jpg

Want to read a free 200 word summary?

“We are growing at 450% year-on-year and we should be market leaders in 15 months,” says Harshil Mathur, the 28-year-old CEO and co-founder of payment gateway Razorpay* Software Pvt Ltd. The fast-talking, straight-faced founder makes two eye-popping claims—about its projected growth and its market leader dreams—right there.

Read the full story. Subscribe now.

Also read our exhaustive coverage about Cash and payments, Future of Retail and Ride Sharing

Why subscribe? Let us explain.

Already Registered?

Related stories

More stories in /Analysis & /Startups

See all in Analysis & Technology

This story is for subscribers only.
or

Read the full story. Subscribe now.

Also read our exhaustive coverage about Cash and payments, Future of Retail and Ride Sharing

Why subscribe? Let us explain.

The selected story is available only for paid subscribers. Might want to change your mind!

Subscribe now

Already Registered?

Questions?

What is The Ken?

The Ken is a subscription-driven media site. We write one story a day (weekdays only). These stories have sharp, original insights on technology, business, science and healthcare from India.

Why do I have to sign up to read your stories?

Our stories are not free. Well, some select stories are. But, a significant part of what we write at The Ken is for subscribers only. We put in a lot of effort and resources in writing our stories and believe that you must pay for good journalism.
Hence, our three plans. 1) The annual membership
2) The free sign up
3) The recurring quarterly subscription

On journalism and why you should pay for it, if you haven’t already seen it, here’s a great explainer from John Oliver.

So, one must pay for journalism?

Yes.

How many stories will I get if I take an annual membership?

914+ stories.

And, in the free sign up?

Four stories every month.

Do I get a refund?

We allow you to sample our journalism for free before signing up, and after you do, we stand by its quality. But we do not offer refunds.

I am not getting my daily emails. Do I have to whitelist emails from The Ken?

An added benefit of your subscription (free/paid) are the daily personalised emails. These emails, at times, might end up in your spam/junk folder due to emojis, attachments or images. In case you’re not receiving these emails, it might help to whitelist us. If the problem still persists, write to us at [email protected].

Why am I unable to access the archives?

Full and unrestricted access to our archives is a feature of our annual membership.

My payment is not going through, what can I do?

Please write to us at [email protected] detailing the payment error or queries.

See all FAQs

    See all results for Ken

    No results found for Ken.