Razorpay introduces express activation for SMBs

Government’s demonetization of high currency notes has given a new lease of life to digital payment services and companies. Every name in the book is bracing up to lure maximum customers and make the transition from cash to cashless look easier and simpler than people thought.

Making a move in the direction, Razorpay has introduced the Express Activation service to facilitate the online transactions and to provide merchants with a fast alternative. The move is basically aimed at small merchants who never felt the need of cashless system with easy cash flows but who now find themselves in distress post PM’s announcement.

Because setting up an account to accept online payments can be a time consuming and difficult process, Razorpay has launched Express Activation.

“We are excited to announce Express Activation. For all new merchants who register on our platform, and submit their KYC documents, we will activate their accounts within 1 business hour. If we receive submissions during non-business hours, those accounts would be activated before 12 pm on the next business day,” said the company.

Though this reduces the activation time by as much as 98.6 percent, the task won’t be easy for Razorpay. “This is not going to be an easy task for us. However, we like this challenge because, end of the day, we are taking part in a grand move that the entire nation is participating in,” they further added.

Given the timings of Razorpay’s move, many small businesses are expected to get onboard the new service.

The process is pretty simple too. Just visit Razorpay.com and click “Get Started” to register for a new account. They will activate your account within 1 business hour after you submit your KYC documents.

The Express Activation offer can be facilitated until the 30th of November, 2016.