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Razorpay operates in a fiercely competitive market, contending with both global titans and local specialists in payment processing. Key competitors include PayPal, Paytm, PayU, Stripe, and Cashfree, each known for their global reach, advanced technological tools, or niche payment solutions. The company must consistently innovate to maintain its edge while meeting evolving customer expectations. • Major Competitors: PayPal, Paytm, PayU, Stripe, Cashfree. • Competitive Factors: Global reach, technological sophistication, and specialized services. • Differentiation: Superior user experience and localized, integrated solutions. Razorpay’s strategy involves refining its product features, optimizing operational efficiencies, and forming strategic partnerships. These efforts help mitigate competitive pressures and reinforce its commitment to delivering reliable, user-centric payment solutions.
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