{"id":16544,"date":"2023-07-12T13:46:09","date_gmt":"2023-07-12T05:46:09","guid":{"rendered":"https:\/\/wps.curlec.com\/?p=16544"},"modified":"2023-07-12T13:46:09","modified_gmt":"2023-07-12T05:46:09","slug":"curlec-launches-full-stack-payment-gateway-through-razorpay-india","status":"publish","type":"post","link":"https:\/\/curlec.blog.razorpay.in\/blog\/press\/curlec-launches-full-stack-payment-gateway-through-razorpay-india\/","title":{"rendered":"Curlec Strengthens Presence in Malaysia, Launches Full-Stack Payment Gateway Through Razorpay India"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16544\" class=\"elementor elementor-16544\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a5e4f9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4a5e4f9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f08f1a5\" data-id=\"f08f1a5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0822496 elementor-widget elementor-widget-text-editor\" data-id=\"0822496\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Curlec by Razorpay India aims to make payments uncompromised, bridging the gap between local and international payment gateways<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Targets RM10 billion annualised gross transaction value (GTV) in Malaysia by end-2025\u00a0<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Aims to serve 5,000+ business by end-2025<\/span><\/li><\/ul><p><strong>MALAYSIA, Kuala Lumpur, 12 July 2023:<\/strong><span style=\"font-weight: 400\"> After five years of disrupting the recurring payments sector (aka subscriptions) in Malaysia, local fintech <\/span><b>Curlec <\/b>&#8211; having been acquired by Indian Fintech Unicorn <a href=\"http:\/\/www.razorpay.com\"><b>Razorpay<\/b><\/a> last year<span style=\"font-weight: 400\"> &#8211;<\/span> has transitioned from a dedicated recurring payments solution to a full stack payment gateway for businesses of all sizes. Curlec by Razorpay<span style=\"font-weight: 400\"> combines India\u2019s world-class tech capabilities with a deep local understanding of the Malaysian payments ecosystem. It aims to provide businesses with a payment gateway that accepts payments, automates payouts and helps them focus on their customers. <\/span>By harnessing the Razorpay technology that powers 10 million businesses in India, the all-new <a href=\"https:\/\/curlec.com\/?utm_source=MY-release&amp;utm_medium=launch&amp;utm_campaign=media+briefing&amp;utm_id=pr&amp;utm_content=PR\"><strong>Curlec Payment Gateway<\/strong><\/a> promises to offer an uncompromised payment experience to Malaysian merchants.<\/p><p><span style=\"font-weight: 400\">The Curlec Payment Gateway will <\/span>serve more than 5,000 businesses with a target of RM10 billion in annualised Gross Transaction Value (GTV) by 2025. <span style=\"font-weight: 400\">The growth is driven by<\/span> <span style=\"font-weight: 400\">Malaysia\u2019s fast-growing digital economy (projected to be worth $35 billion in Gross Merchandising Value by 2025), high mobile-phone penetration rate, and strong government support for the digital economy. Malaysia\u2019s real-time payments system, also known as <\/span>DuitNow, is another key catalyst for merchant acceptance of cashless payments <span style=\"font-weight: 400\">and has significantly aided the emergence of mobile transactions. Given the fast-growing economies of Malaysia and the broader Southeast Asia region, <\/span>the scope and need for more robust, reliable, and advanced payment solutions is undeniable.<\/p><p>In leveraging Razorpay India\u2019s industry-first solutions and its extensive experience <span style=\"font-weight: 400\">working with multiple sectors, <\/span>Curlec intends to incorporate the same innovative technologies that proved successful in the Indian market.<\/p><p><span style=\"font-weight: 400\">Commenting on the first international launch of its Payment Gateway, <\/span>Shashank Kumar, Managing Director &amp; Co-Founder, Razorpay <span style=\"font-weight: 400\">said, <\/span><i><span style=\"font-weight: 400\">\u201cWe see great potential in the Southeast Asian market and are delighted to announce the launch of our first international payment gateway in Malaysia. <\/span><\/i><i>We recognise the power of payments in Malaysia and what it means for businesses of all sizes, regardless of sector.<\/i><i><span style=\"font-weight: 400\"> Our extensive experience operating in India\u2019s diverse and dynamic market has prepared us to pursue growth on a global scale. When we joined forces with Curlec a year ago, our vision was to build products that cater to the needs of Southeast Asian users. The unveiling of the new Curlec Payment Gateway today is a first step in that direction.\u201c<\/span><\/i><\/p><p><span style=\"font-weight: 400\">Kumar added, <\/span><i><span style=\"font-weight: 400\">\u201cWe believe the new payment gateway will revolutionise how Malaysian businesses and end-consumers transact and engage with each other. <\/span><\/i><i>Going forward, I believe that collaboration, innovation, and customer-centricity will be the three keys to unlocking the potential of digital payments and driving economic growth in Malaysia.<\/i><i><span style=\"font-weight: 400\">\u201d<\/span><\/i><\/p><p>Zac Liew, Co-Founder &amp; CEO of Curlec by Razorpay <span style=\"font-weight: 400\">said, <\/span><i><span style=\"font-weight: 400\">\u201cWe are very excited about bringing a first-of-its-kind offering to Malaysian businesses. With the launch of the Curlec Payment Gateway, we are now a full-stack payment solutions provider, having combined the expertise of both Curlec and Razorpay India. We hope to build on our recent significant traction, notably in insurance, lending, and savings, where we tracked a 110% increase in transaction volumes.\u00a0 With Curlec providing an unrivalled payment experience for our customers, <\/span><\/i><i>we are targeting 10X growth by 2025.<\/i><i><span style=\"font-weight: 400\">\u201d<\/span><\/i><\/p><p>\u201cDriven by the goal of simplifying payments for Malaysian startups and enterprises, Curlec will continue to build a stronger focus on customer needs, <span style=\"font-weight: 400\">and the new payment gateway will help Malaysian businesses scale seamlessly with industry-first solutions and uncompromised support,\u201d Liew added.\u00a0<\/span><\/p><p><span style=\"font-weight: 400\">Curlec by Razorpay is trusted by over 700 businesses ranging from SMEs to enterprises, and has improved payments for some of Malaysia\u2019s biggest brands including Tune Protect, CTOS, Courts, Mary Kay and The National Kidney Foundation.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e924073 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"e924073\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/curlec.com\/payment-gateway\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn More About The New Curlec Payment Gateway<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Curlec by Razorpay India aims to make payments uncompromised, bridging the gap between local and international payment gateways Targets RM10 billion annualised gross transaction value (GTV) in Malaysia by end-2025&nbsp; Aims to serve 5,000+ business by end-2025 MALAYSIA, Kuala Lumpur, 12 July 2023: After five years of disrupting the recurring payments sector (aka subscriptions) in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":16570,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Curlec Launches Full-Stack Payment Gateway Through Razorpay India<\/title>\n<meta name=\"description\" content=\"Introducing the NEW Curlec Payment Gateway! 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