Razorpay rolls out payments platform to Singapore

It offers AI agents and a magic check-out service.

Razorpay has expanded its technology platform to Singapore.

The India-based fintech giant expanded into the Lion City following launching successful operations in Malaysia.

Businesses in Singapore currently pay 4% to 6% per transaction, fintech said. Razorpay promises to reduce cross-border transaction fees by 30% to 40% from the current market rate.

Razorpay’s payment platform in Singapore will also facilitate real-time payment rails like PayNow; Agentic-AI,  a software development kit (SDK) that enables AI agents to engage in transactions with human users; and RAY, an AI-concierge offering payment-related assistance such as payouts, payroll, and vendor payments.

Businesses can also reportedly enjoy enhanced operational efficiency with Magic Checkout by offering a one-click payment checkout experience, reducing drop-offs and abandoned transactions.