Curlec by Razorpay, the result of the acquisition of Curlec Sdn Bhd by Indian fintech unicorn Razorpay, aims to achieve RM10 billion in annualized gross transaction value (GTV) in Malaysia by 2025. Leveraging the country’s burgeoning digital economy, Curlec by Razorpay will transition into a comprehensive payment gateway, serving over 5,000 businesses and providing advanced payment solutions.
13 July 2023 – Curlec Sdn Bhd, now operating as “Curlec by Razorpay” following its acquisition by Indian fintech unicorn Razorpay, sets a bold target of achieving RM10 billion in annualized gross transaction value (GTV) in Malaysia by the end of 2025. Leveraging the country’s thriving digital economy and transitioning into a comprehensive payment gateway, Curlec by Razorpay aims to cater to over 5,000 businesses, capitalizing on the increasing demand for cashless transactions and payment automation.
With a deep understanding of the Malaysian payments ecosystem and bolstered by Razorpay’s technology capabilities, Curlec by Razorpay is poised to revolutionize the way Malaysian businesses and consumers engage in transactions. By incorporating innovative solutions and leveraging their successful experience in the Indian market, the company aims to deliver robust, reliable, and advanced payment services that drive economic growth in Malaysia.
Curlec’s transition to becoming a comprehensive payment gateway allows them to offer an expanded range of services, including payment acceptance and automated payouts. By combining Curlec’s expertise with Razorpay India’s industry-first solutions, the company is well-positioned to meet the diverse needs of businesses across sectors.
Shashank Kumar, Managing Director and Co-founder of Razorpay, expressed confidence in the Southeast Asian market and the potential of Curlec by Razorpay’s international expansion. He emphasized the importance of collaboration, innovation, and customer-centricity in unlocking the full potential of digital payments and driving economic growth in Malaysia.
Curlec by Razorpay’s launch of its new payment gateway marks the first step in their mission to cater to the needs of Southeast Asian users, offering enhanced transaction experiences and empowering businesses of all sizes in Malaysia. – The Sun Daily