Regulations Shape Growth of Razorpay, Says CEO Harshil Mathur

Harshil Mathur, CEO of Razorpay, discussed the positive impact of regulations on business growth during his talk at YC Startup School. He pointed out that despite initial hurdles, such as losing bank support, the company has thrived in India's payments sector, which has surpassed $180 billion in transaction volume. Mathur credited the startup's adaptability, particularly its adoption of the Unified Payments Interface (UPI), for its success, especially during the rise of direct-to-consumer businesses amid the pandemic. These insights emphasize the balance between regulatory challenges and the potential for significant growth in a structured market environment. Source: [publication name].