Indian Payment FinTech Razorplay Planning $600 Million IPO

Indian payment FinTech Razorpay is reportedly preparing a $600 million initial public offering (IPO). The company has confidentially filed for a public listing with the goal of making its stock market debut by the end of the year, Reuters reported Monday (June 15), citing a source familiar with the matter. Its competitors in the Indian digital payments space include Paytm, the Walmart-backed PhonePe, Cashfree and BillDesk, the report added.