“There's no greater gift than thinking that you had some impact on the world, for the better.”
– Gloria Steinem
The big reset
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
“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.
For a five-year-old startup in any sector, annual growth of 450% would be considered extraordinary. But payments is a bit of an anomaly.
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