Digital payment startups Razorpay and Cashfree on Tuesday announced that they received final authorisation from the Reserve Bank of India (RBI) to operate as payments aggregators (PA).
This platform is also designed to handle over 5,000 online transactions per second (TPS) at any point in time.
Payments solution provider Razorpay, which was raided by the Enforcement Directorate recently, in a statement said that it has cooperated with the agency and its funds have not been frozen.
The company said it has witnessed a 40-45 per cent growth (on-month) and has achieved $40 billion TPV (Total Payment Volume).
Everyone can send tips to applicable accounts on Twitter for iOS and Android via third-party payment services.
You will also be able to toggle the Tip Jar feature. Android users will be able to send money in Twitter's audio chat app Spaces.
The company said it is hiring more than 600 employees to fuel its growth plans.
In recent months, the pandemic has accelerated the adoption of digital technologies and rapidly shifted how consumers prefer to shop and pay.
Razorpay has raised $206.5 million in investments since its inception in 2014. In 2019, it had raised $75 million in series C funding.
