The company stated that this integration allows for card-based payments via Google Pay on its international payment gateway, representing a departure from conventional card-only payment processes that usually necessitate manual entry of card details and further authentication steps.
This initiative comes in response to a larger industry trend towards digital wallets in e-commerce. Industry analysts project that wallets could dominate a significant portion of global online transaction value by the decade’s close, as consumers increasingly prefer quicker and more streamlined payment solutions.
Indian exporters have traditionally relied on card-led payment systems for cross-border transactions, which can entail multiple stages and potentially lead to elevated checkout drop-off rates. By introducing Google Pay as a payment option, businesses may provide a more familiar interface for international clientele, especially in regions where the app is widely adopted.
This integration is part of Razorpay’s cross-border payments framework, operating under a Payment Aggregator Cross Border (PA-CB) license granted by the Reserve Bank of India. This system enables the facilitation of both inward and outward international payments under regulatory guidelines.
Moreover, this development builds upon Razorpay’s previous support for Apple Pay, broadening the array of global wallet options accessible to Indian merchants through a single integration.
India’s export sector has experienced consistent growth in recent years, with total exports reaching $825 billion in FY25, based on official statistics. Policymakers aim to further amplify this number in the upcoming years, aided by advancements in digital infrastructure and increasing involvement in global e-commerce.
Analysts suggest that enhanced checkout experiences and broader acceptance of globally recognized payment methods could improve conversion rates for exporters targeting international consumers, although the extent of adoption and its effects will depend on specific market preferences and regulatory factors.
