Razorpay launches first international payment gateway in Malaysia

India's leading fintech giant Razorpay has launched its first international Payment Gateway in Malaysia, buying Curlec for $20 million. The new 'Curlec by Razorpay' gateway aims to meet the unique payment challenges in emerging markets and connect local and international payment methods. Razorpay has partnered with over 700 Malaysian businesses and hopes to expand to 5,000 by 2025 and achieve a Gross Transaction Value of $2 billion. Razorpay offers APIs and seamless integration for fast, secure and efficient online payments. Curlec focuses on optimizing payment infrastructure for recurring payments.

Important Points to remember:

  1. Understand the implications of a payment gateway in an international market especially its contribution to businesses. 
  2. Note the significance of Razorpay's acquisition of Malaysian fintech start-up, Curlec.
  3. Razorpay aims to cater to a wide spectrum of businesses and expand its reach with this introduction.
  4. Understand the importance of offering tailored solutions to meet recurring payment needs.
  5. Remember the key persons: CEO and Co-founder of Razorpay is Harshil Mathur and CEO and Co-founder of Curlec is Zac Liew.