Digital payments company Razorpay is exploring new product lines and focusing on its existing customer base as it faces a freeze on onboarding new customers due to a regulatory directive. The company launched Optimizer, a solution aimed at increasing payment success rates for businesses. Razorpay is doubling down on new offerings and its offline play to attract new customers. The company’s overall revenue share from new customers has significantly decreased, prompting a shift in their go-to-market strategy.
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Four individuals have been booked for hacking a payment gateway company’s software and stealing Rs 25 crore. The accused created a fake firm with forged documents to transfer the money. Two individuals have already been arrested in connection with the crime. The investigation is still ongoing.