Razorpay launches its payment gateway for businesses in Malaysia

The Bengaluru-based fintech company Razorpay has announced the launch of its payment gateway in Malaysia in partnership with Curlec, the startup it acquired last year.

The new Curlec Payment Gateway by Razorpay aims to reach over 5,000 businesses in Malaysia by 2025, targeting RM10 billion in annualised Gross Transaction Value (GTV).

Citing industry reports, Razorpay stated in its company statement that digital trade in Malaysia contributes to 22.6 per cent of its GDP, which is further expected to reach 25.5 per cent by 2025. This has the potential to accelerate business growth by 150 per cent.