American Giant MasterCard Invested An Undisclosed Amount In RazorPay
American payments and financial services company MasterCard has invested an undisclosed amount in Razorpay, an online payment gateway solution for small and medium enterprises and platforms.
This marks the second equity-based investment done by MasterCard.
Bengaluru-based Razorpay, which works with online product and technology businesses such as cloud telephony company Knowlarity and lifestyle ecommerce portal Nykaa, will be part of a six-month long MasterCard Start Path programme for startups targeted at technology development.
"The association with MasterCard opens up the network of banks it works with. As our product focuses on reducing the failure rate of transaction, this will help us bring down the number of hops," said Harshil Mathur, cofounder of Razorpay to the source
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