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    EZETAP

    Razorpay buys Ezetap to tap into offline payments

    Razorpay, which is valued at more than $7 billion and offers payment gateway services for online merchants, said in a statement that the acquisition was its biggest to date. Ezetap, whose products include point-of-sale machines, processes more than $10 billion in annual transactions in India.

    Fintech unicorn Razorpay acquires Ezetap in a cash-and-equity deal

    Sources told ET that Razorpay has paid $150 million for the deal, of which $100 million will be cash payouts to Ezetap’s shareholders.

    Post pandemic, customers find EMIs affordable: Ezetap

    Buying ability of consumers across the country has been significantly reduced due to the pandemic. They are either avoiding a single big payment or entirely skipping to buy any new item, Ezetap said.

    Ezetap partners with Verifone to deploy its software solution

    “Now every Verifone terminal will be able to work with Ezetap software, which will help us to create customised payment solutions for merchants,” said Abhijit Bose, chief executive officer, Ezetap.

    Fintech company Ezetap gets $16 million US-based JS Capital

    Social Capital and Hong Kong business tycoon Li Ka-shing's Horizons Ventures also increased their stake in the company as part of this round.

    FortunePays for Ezetap this time

    This is Ezetap's second acquisition, and the company said it will scout for more acquisitions as it looks to cover the entire gamut of payments.

    The Economic Times
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