fintech / news / / The Economic Times
Razorpay had planned aggressive expansion of its terminal presence across the offline merchant ecosystem.
Razorpay has paused aggressive offline PoS expansion due to sluggish growth after acquiring Ezetap.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →