RazorPay, one of India's best-known payment platforms, is poised for success and could potentially list on an Indian stock exchange within two years, according to co-founder and Chief Executive Officer Harshil Mathur. All business lines at RazorPay are focused on profitability - online payments account for 75% of their revenue and have already passed over the break-even point.

RazorPay recently began moving its headquarters back to India as it prepares to make an initial public offering (IPO) on the US market soon. Even though this could result in significant tax liabilities that range between $250 and $300 million US, Mathur is confident that RazorPay's cash reserves and operational capacity can handle any additional fundraising requirements before an IPO.

RazorPay has shown its ability to overcome regulatory hurdles after being placed under a one-year restriction by the Reserve Bank of India (RBI), regarding merchant onboarding. As soon as this restriction was lifted, new customer sign-ups skyrocketed rapidly.

At present, more than $150 billion worth of transactions pass through RazorPay products annually and Mathur hopes to regain more than 70% of those merchants left out during that period.

RazorPay recently unveiled several innovative new products designed to improve both online and offline transactions. RazorPay's Payment Gateway 3.0 powered by AI technology makes checkout simpler for 600 million online customers over 10 years, while their Dynamic Quick-Response (DQR) device enables payment via contactless cards using Near Field Communication technology (NFC).

Razorpay EngageHQ marks the launch of AI-powered loyalty services and programs, offering personalized offers across various channels. RAY, India's first AI assistant specifically created to manage payments such as pay-outs to vendors and payrolls was also unveiled and is answering queries both in English and Hindi with future development models planned to incorporate regional languages as answers.

RazorPay recently unveiled FraudShield, the world's first AI-powered chargeback prevention program that compensates businesses for losses due to fraudulent chargebacks and shows its dedication to protecting transactions.

Shashank Kumar, co-founder, and director of management of Razorpay has shown its innovative use of AI in products, which has had a dramatic effect on India's digital payment industry. Razorpay intends to use Payment Gateway 3.0 as an opportunity to set new standards for digital payments that will drastically change business in India.