Razorpay acquires Ezetap for $200 mn; forays into offline payments

Ezetap serves 500,000 touchpoints, including the likes of Amazon and BigBasket, works closely with India's largest banks and it processes over $10 billion in annual transactions on its platform

Fintech unicorn Razorpay has acquired Ezetap, India’s leading offline Point-Of-Sale (POS) company which was founded with the aim of simplifying the in-person offline payments experience. The value of the transaction is around $200 million, according to sources. 

The acquisition enables Bengaluru-based Razorpay’s foray into offline payments. With this acquisition, Razorpay will be one of the few companies across the world with a significant online and offline presence in payments. This marks Razorpay’s sixth and biggest acquisition thus far.

With an $80 billion total payment volume (TPV) as of April 2022, Razorpay is now eyeing a 10-12 million merchant base by