Razorpay launches its first international payment gateway in Malaysia - Times of India
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NEW DELHI: Fintech unicorn Razorpay on Wednesday announced the launch of its first international payment gateway for the Malaysian market with Curlec. In February last year, Razorpay had acquired a majority stake in the Malaysia-based startup which is now known as Curlec By Razorpay. The launch, Razorpay said, will enable it to further widen its reach in the international markets and make its capabilities available in emerging markets. Curlec currently works with more than 700 Malaysian businesses including Tune Protect, CTOS, Courts, and Mary Kay. The new Curlec payment gateway will serve more than 5,000 businesses with a target of RM10 billion in annualised gross transaction value (GTV) by 2025. As per recent reports, digital trade in Malaysia today contributes to 22.6% to the country's GDP and is expected to rise to 25.5% by 2025, reflecting significant economic activity. By boosting digital technology adoption and leveraging digital trade opportunities, Malaysi...