CHENNAI: Indian enterprises can now enjoy chargebeeGlobal Revenue Management Products.
Subscription Management Platform Chargebee Partners With Payments Major razorpay To provide its billing management services in the Indian market. Chargebee’s expansion into India comes at a time when SaaS and subscription-based businesses are growing in the country, and Indian SaaS companies are expected to reach $30 billion in revenue by 2025. The recent RBI guidelines on streamlining recurring payments in India and changes with the launch of UPI AutoPay further aided Chargebee’s decision to enter the market. With effect from April 1, 2022, Rs. Businesses with a turnover of more than 200 million come under the ambit of e-invoicing, thus presenting a huge market for Chargebee solutions in India.
Chargebee’s partnership with RazorPay is optimized to generate recurring revenue across cards, UPI mandates and netbanking mandates, with an aim to help merchants offer these preferred payment options to their customers. Chargebee will offer Indian enterprises their subscription billing and revenue management capabilities, and in addition help them manage regulatory requirements around e-invoicing, GST, TDS and RBI’s e-mandate. Chargebee last month launched e-invoicing capabilities and functionality to support TDS.
“We were born in India, with just four friends in a small apartment in Chennai thinking about solving a problem, and then working with clients of all sizes in the US and Europe to help them start and grow businesses. cut his teeth to help him,” he said. Krish Subramaniam, Co-Founder and CEO, Chargebee. “We are now excited to leverage those lessons to serve the rapidly maturing SaaS ecosystem that is experiencing exponential growth. The Indian market is now ready for the subscription economy and we feel that our We have the right product and this is the right time to offer our solution.”
“Today, India is one of the largest markets in the world for the membership economy. Following the recent announcement of RBI rules on Additional Factor Authentication (AFA), it has further strengthened consumer confidence in online payments, bringing over 900 million debit cardholders to the membership platform. With an intention to further drive the subscription economy, we are pleased to partner with Chargebee, a company that is emerging as a global leader in subscription payments. Razorpay’s expertise in building tech-first solutions for businesses coupled with Chargebee’s expertise will enable us to collectively build a stronger and more robust financial backbone for subscription-based businesses in the country,” said Rajrpay’s Chief Business Officer Rahul Kothari said.
Chargebee said it already has around 70 customers in India, and has already offered its products to some of its key customers including Freshworks, Kissflow, TVS Motor Company, Sinup and CleverTap.
With the integration of Chargebee with RazorPay, the product will now support UPI autopay and e-mandates that support debit cards, credit cards and net banking.
Subscription Management Platform Chargebee Partners With Payments Major razorpay To provide its billing management services in the Indian market. Chargebee’s expansion into India comes at a time when SaaS and subscription-based businesses are growing in the country, and Indian SaaS companies are expected to reach $30 billion in revenue by 2025. The recent RBI guidelines on streamlining recurring payments in India and changes with the launch of UPI AutoPay further aided Chargebee’s decision to enter the market. With effect from April 1, 2022, Rs. Businesses with a turnover of more than 200 million come under the ambit of e-invoicing, thus presenting a huge market for Chargebee solutions in India.
Chargebee’s partnership with RazorPay is optimized to generate recurring revenue across cards, UPI mandates and netbanking mandates, with an aim to help merchants offer these preferred payment options to their customers. Chargebee will offer Indian enterprises their subscription billing and revenue management capabilities, and in addition help them manage regulatory requirements around e-invoicing, GST, TDS and RBI’s e-mandate. Chargebee last month launched e-invoicing capabilities and functionality to support TDS.
“We were born in India, with just four friends in a small apartment in Chennai thinking about solving a problem, and then working with clients of all sizes in the US and Europe to help them start and grow businesses. cut his teeth to help him,” he said. Krish Subramaniam, Co-Founder and CEO, Chargebee. “We are now excited to leverage those lessons to serve the rapidly maturing SaaS ecosystem that is experiencing exponential growth. The Indian market is now ready for the subscription economy and we feel that our We have the right product and this is the right time to offer our solution.”
“Today, India is one of the largest markets in the world for the membership economy. Following the recent announcement of RBI rules on Additional Factor Authentication (AFA), it has further strengthened consumer confidence in online payments, bringing over 900 million debit cardholders to the membership platform. With an intention to further drive the subscription economy, we are pleased to partner with Chargebee, a company that is emerging as a global leader in subscription payments. Razorpay’s expertise in building tech-first solutions for businesses coupled with Chargebee’s expertise will enable us to collectively build a stronger and more robust financial backbone for subscription-based businesses in the country,” said Rajrpay’s Chief Business Officer Rahul Kothari said.
Chargebee said it already has around 70 customers in India, and has already offered its products to some of its key customers including Freshworks, Kissflow, TVS Motor Company, Sinup and CleverTap.
With the integration of Chargebee with RazorPay, the product will now support UPI autopay and e-mandates that support debit cards, credit cards and net banking.