Razorpay has officially expanded into Singapore, marking its second market in Southeast Asia after Malaysia. This move aligns with the region’s rapidly growing digital payments sector, which is projected to surpass $2 trillion by 2030.
Singaporean businesses currently grapple with high cross-border transaction fees (4-6%) and fragmented payment infrastructures. Razorpay aims to bridge these gaps with AI-powered, secure, and seamless payment solutions tailored to local enterprises. Its suite of offerings includes multi-currency transactions, real-time payments, and cost-effective cross-border solutions.
The company’s proprietary Agentic-AI toolkit streamlines financial operations, while RAY, an AI-driven concierge, handles payments, payouts, payroll, and fraud protection. Additionally, Magic Checkout enables one-click payments to enhance customer conversions. Razorpay’s ecosystem supports multiple payment methods, including digital wallets and real-time payment networks.
Shashank Kumar, Razorpay’s co-founder, emphasized how AI-driven solutions will empower businesses to scale efficiently. Angad Dhindsa, Razorpay’s Southeast Asia Head, underscored the need for cost-effective global transaction solutions in the region.
To ensure seamless integration, Razorpay plans to collaborate with banks, financial institutions, and regulators in Singapore. Following its success in Malaysia with Curlec, the company is committed to deepening its presence in Southeast Asia, reinforcing its mission to simplify and enhance digital transactions for businesses.
