The partnership aims to assist Indian micro, small, and medium enterprises in digitising their operations, maintaining business continuity in the challenging environment, and preparing for the future beyond cash.
According to the press release, before the outbreak of COVID-19, around 90% of India’s retail payments were conducted in cash. The pandemic has accelerated the adoption of digital technologies and shifted how consumers prefer to shop and pay, prompting Mastercard and Razorpay to work together to cater to the needs of MSMEs.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.