BillDesk, Razorpay race ahead as RBI’s recurring payments deadline nears

BillDesk and Razorpay have developed industry-first solutions for easy management of recurring payments, an emerging segment following the central bank’s intervention to regulate such transactions. With their rivals still catching up, these two have cornered a significant slice of this new market



Pratik Bhakta

August 17, 2021

9 Min Read

Students are used to last-minute preparations, dusting off their notes and books only when exams are round the corner and giving the diligent ones a fair advantage.

The recurring payments story in India is somewhat similar. With the Reserve Bank of India’s deadline for implementing a new structure for card-based automated recurring transactions barely two months away, many banks and card-issuing startups are rushing to upgrade their processes.

And among the few in position to cater to them are BillDesk and Razorpay, the only payments platforms ready with the technology to give end-users more control over their recurring payments. Which gives them an edge over rivals Paytm, PayU and Cashfree.

BillDesk has developed SIHub with Visa and Razorpay has set up MandateHQ with Mastercard for banks and companies to be able to process recurring payments from their customers post September 30.

Any company or merchant processing recurring payments after that deadline would need to work with BillDesk and Razorpay’s platforms to give their customers full control over such transactions, typically for subscriptions.




As a premium subscriber, you will get access to 3+ premium articles a week
Limited time offer
Launch price
/ Year
INR 3,999
Save 40% with our launch offer.
Please apply the code at checkout.

copyCopy Code

Upgrade Now



As a premium subscriber, you will get access to 3+ premium articles a week

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and also disruptive startups so you can make better decisions.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Filtering the Noise

New economy companies cannot always be evaluated using traditional methods. We analyze the relevant metrics, ask the tough questions to get you the right picture

For subscribers only

Premium Reads


View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.