Razorpay has announced the launch of its first international payment gateway for the Malaysian market with Curlec, now known as ‘Curlec by Razorpay’. 

• In February 2022, Razorpay had acquired a majority stake in Kuala Lumpur-based fintech Curlec at a valuation of $20 million with an aim to fuel its global expansion plans.
• The balance stake acquisition was to be completed in 2023. 
• The company currently works with over 700 Malaysian businesses, including Tune Protect, CTOS, Courts, Mary Kay and The National Kidney Foundation.
• “The new Curlec payment gateway will serve more than 5,000 businesses with a target of RM10 billion ($2 billion) in annualized gross transaction value (GTV) by 2025," Razorpay said in its statement.