Authorization will enable the payment companies to onboard new merchants onto its platform for processing online payments.
Folks at these companies, how big is this? How is the company reacting?
Not going to lie last year was wrought in pain for me. All of this was mentioned as justifiable reasons to deny high promos and hikes to me.
First, the RBI asked us to not onboard any users which in principle allowed our shit as fuck competitors to get meaningful market share. As a second order effect, these headwinds led to inner turmoil within Razorpay leading to some short term pain. Now, that this is over, we will onboard the heck out of everyone trying to onboard.
Thankfully, we could still service our existing customers so we will still end up winning.
Now, that the ban is off, it is show time. We here to fight and we here to win. Can't stop us now mfs.
system faad denge
All the payment gateways are mostly the same. Every business will work with all of them and this will be a race to the bottom. I worked in Razorpay for 4 years and their strategy has always been- acquire customers for payments, make money off them through lending and float balance. That’s what all PGs will eventually do.
What about Easebuzz? Are they in consideration set of competitors?
I’m building a SaaS that needs a payment gateway. Razorpay, stripe and cashfree can’t onboard new businesses because of some RBI regulation(since December 2022).
What would you guys suggest I go with? Ideally I would need a PG that can...
I need a payment gateway for my website, mainly for Indian users. But most of the payment gateways are on embargo due to RBI guidelines. Does anyone know any Payment Gateway which is onboarding new business?
RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.
RBI is one of the most stringent Central banks in the world...
