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Razorpay India Strengthens Presence in Malaysia, Launches its First International Payment Gateway Through Curlec

Razorpay India Strengthens Presence in Malaysia, Launches its First International Payment Gateway Through Curlec

Razorpay India Strengthens Presence in Malaysia, Launches its First International Payment Gateway Through Curlec

Outlook Start-Up Desk

POSTED ON July 12, 2023 3:56 PM

Razorpay has launched its first international payment gateway for the Malaysian market with Curlec, now known as ‘Curlec By Razorpay’. 

The collaboration will help both companies to transform the digital payments system in Malaysia. By harnessing its solutions and leveraging its extensive experience, Razorpay intends to incorporate the same innovative technologies for Malaysia that have made their mark in the Indian market. 

With an aim to grow as a full-stack digital payment gateway from a recurring payments player, Curlec eyes to serve more than 5,000 businesses through this collaboration. The company presently works with 700 clients. The list includes Tune Protect, CTOS, Courts, Mary Kay and The National Kidney Foundation. 

Commenting on the launch of its First International Payment Gateway in Malaysia, Shashank Kumar, MD & Co-Founder of Razorpay India said, “We have always been aware that simplifying payments is a universal problem. We see great potential in SEA, we recognise the power of payments in Malaysia and what it means for businesses of any kind and size. We firmly believe that our extensive experience in operating within the diverse and dynamic market of India has prepared us to tackle different challenges and solve payment problems on a global scale. And so today, we are really excited to announce our first international Payment Gateway in Malaysia. When we joined forces with Curlec, our one single vision was to build products catering to the needs of the SEA region, and today the Curlec Payment Gateway is a first step in that direction. It is incredible to witness the scale and impact Zac, Steve & Team have created in the last year.” 

Zac Liew, Co-Founder & CEO of Curlec said, “We are very excited about bringing a first-of-its-kind offering for our Malaysian businesses. With the launch of our Payment Gateway, ‘Curlec by Razorpay’, we are now a full-stack payment solutions provider, combining the might of both worlds - world-class tech capabilities and an understanding of the local payment ecosystem. In the recent past, Curlec has enjoyed significant traction in insurance, lending, and savings, having tracked a 110% increase in transaction volumes. In the next two years, we expect Curlec to provide an unrivaled payment experience for our customers and target a growth of 10X.” 
 

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