Fintech Innovator Recognition for Razorpay in 2025 by CNBC and Statista
In a significant development for India's burgeoning fintech sector, Razorpay, an Indian payments and banking platform for businesses, has been honoured as one of the World's Top Fintech Companies by CNBC and Statista. The prestigious list celebrates fintech innovators across categories, recognizing companies that are shaping the future of finance through scalable solutions, operational resilience, and customer-centric innovation[1][2].
Established in 2014 by alumni of IIT Roorkee, Shashank Kumar and Harshil Mathur, Razorpay has quickly risen to command a significant majority market share in India's digital payments processing space[1]. With an annualized Total Payment Volume (TPV) of over $180 billion, Razorpay is empowering millions of businesses, including 105 of India's 119 unicorns, and reaching over 300 million end consumers[1][4].
The company's omni-channel payments and business banking platform have been instrumental in driving operational efficiency and seamless customer experiences, enabling businesses to scale efficiently[1][2]. Razorpay's strategic vision is clearly reflected in its commitment to contribute $900 billion by 2030 to India's projected $4 trillion digital payments (P2M) market, supporting India's goal to be the third-largest economy globally[1][3].
This recognition comes at a time when Razorpay is making significant strides in its mission to contribute to India's growth story towards becoming a $7 trillion economy by 2030. Harshil Mathur, CEO and Co-founder of Razorpay, stated that being recognized among the World's Top Fintech Innovators is an incredible milestone[6]. He further added that this achievement reinstates the trust and support of Razorpay's merchants, businesses, and startups, and being featured on a global stage like this is not just a milestone for Razorpay; it's a testament to the strength, resilience, and innovation of India's fintech ecosystem[7].
The World's Top Fintech Companies list is based on a rigorous, data-driven assessment of over 40 performance indicators[8]. Out of thousands of fintech companies assessed worldwide, only 300 were selected for this prestigious list[1]. Razorpay is one of only 13 Indian companies to make it to this prestigious global ranking[1].
This recognition also underscores the financial success and prominence of Razorpay in the tech sector, with its founders, Harshil Mathur and Shashank Kumar, being recognized as some of India's youngest billionaires in 2025[5].
In conclusion, Razorpay's achievements lie in its dominant market presence, broad-based business empowerment, technological innovation in payments, and a clear strategic vision contributing significantly to India's digital economy growth trajectory[1][2][3][4][5]. As India continues to assert its position as a global fintech powerhouse, Razorpay stands as a shining example of the potential and promise of India's digital economy.
[1] https://www.razorpay.com/blog/razorpay-worlds-top-fintech-companies-2025/ [2] https://www.cnbc.com/2025/03/22/razorpay-named-to-worlds-top-fintech-companies-list-by-statista-and-cnbc.html [3] https://economictimes.indiatimes.com/tech/internet/razorpay-aims-to-contribute-900-billion-to-indias-4-trillion-digital-payments-market-by-2030/articleshow/91514873.cms [4] https://www.razorpay.com/about/ [5] https://www.forbesindia.com/magazine/may21/indias-youngest-billionaires/ [6] https://www.razorpay.com/blog/razorpay-worlds-top-fintech-companies-2025/ [7] https://www.razorpay.com/blog/razorpay-worlds-top-fintech-companies-2025/ [8] https://www.statista.com/about/ [9] https://www.razorpay.com/blog/razorpay-worlds-top-fintech-companies-2025/
- Razorpay, a successful startup based in India, has been acknowledged as one of the World's Top Fintech Companies, with its operational resilience and customer-centric innovation being highlighted by CNBC and Statista.
- This recognition reinforces Razorpay's significant market presence in India's burgeoning fintech sector, where it commands a majority share in digital payments processing and empowers various businesses, including startups and unicorns.
- By contributing $900 billion to India's digital payments market by 2030, Razorpay is supportsing the country's goal to emerge as a global economic powerhouse.
- The technological innovation demonstrated by Razorpay in payments, coupled with its strategic vision, exemplifies the potential and promise of India's digital economy as it asserts its position as a global fintech powerhouse.
