# Razorpay had planned aggressive expansion of its terminal presence across the offline merchant ecosystem.

*fintech · news · 2026-05-08 · The Economic Times*

## Key points

- Razorpay has paused aggressive offline PoS expansion due to sluggish growth after acquiring Ezetap.
- The company's offline PoS business contributes only about 6% of its overall revenue in FY25.
- Razorpay will now focus on merchants needing both online and offline payments rather than mass offline expansion.
- Razorpay is planning a confidential IPO filing, targeting a $5 billion valuation, down from $7.5 billion.

**Companies:** Razorpay, Pine Labs, Paytm, Billdesk
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/startups/razorpay-set-to-focus-solely-on-omnichannel-sellers-for-offline-play/articleshow/130915641.cms)

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