
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.