Razorpay expands to Singapore to grow in SEA

Razorpay has expanded into Singapore, its second market in Southeast Asia after Malaysia. 

According to a study, Southeast Asia’s digital payments market is projected to exceed $2 trillion by 2030. Businesses in Singapore face high cross-border transaction fees (4-6%) and fragmented payment systems.

Razorpay offers AI-powered, easy, and secure payment solutions to support local businesses. Its offerings include multi-currency transactions, real-time payments, and cost-efficient cross-border solutions.  

The Agentic-AI toolkit automates transactions and financial operations. RAY, an AI concierge, manages payments, payouts, payroll, and fraud protection. Magic Checkout provides a one-click payment experience to boost conversions. Razorpay supports multiple payment methods, including digital wallets and real-time payment rails.

Co-founder Shashank Kumar stated that AI-driven solutions will help businesses scale efficiently. SEA Head Angad Dhindsa highlighted the need for cost-effective global transactions.

Razorpay will collaborate with banks, financial institutions, and regulators for smooth integration. Following its success in Malaysia with Curlec, Razorpay aims to strengthen its SEA presence.