Razorpay acquires rewards management company Poshvine

Razorpay, a digital payments and financial services firm, has acquired loyalty management platform PoshVine for an undisclosed sum.

This is Razorpay’s fourth acquisition this year and its seventh overall.

The acquisition, which is expected to propel it into the loyalty and rewards management space, comes close on the heels of its $200-million acquisition of offline point-of-sale (PoS) firm Ezetap in August.