Razorpay cuts offline push and bets on omnichannel payments for sellers

Expansion slows as Razorpay pivots to profitable merchants

Razorpay is scaling back its offline expansion after sluggish growth in that vertical. Instead, it’s concentrating on merchants that need both online and offline payment solutions following its Ezetap acquisition. The move supports Razorpay’s IPO preparations and a focus on strengthening a more profitable core business rather than expanding field operations aggressively.