Razorpay

Harshil Mathur, co-founder, Razorpay, said unlike earlier, Indian consumers were more comfortable using UPI for most digital transactions.

The report is based on transactions on Razorpay's platform between February 24 to March 23 (before lockdown) and March 24 to April 23 (during lockdown).

More than 600,000 businesses in India — including giants such as airline Indigo, Bombay Stock Exchange, conglomerate Reliance, Sony, ride-hailing service Ola and budget hotel operator Oyo Rooms — today use Razorpay’s payments processing service.

Talking about the acquisition, Anuj Jain, founder, Opfin said, “I strongly believe that coming together with Razorpay will accelerate the growth story of payroll management at an industry level.

This was just one of many launches for Razorpay today.