Razorpay completes reverse flip to India

Razorpay completes reverse flip to India, aligning with RBI’s fintech regulations. Digital payments major Razorpay has completed the process of moving its parent company's domicile from the United States back to India, a process known as a "reverse flip." This move aligns with the Reserve Bank of India's (RBI) push for Indian fintech companies to have their parent entities based domestically, especially as they eye potential IPOs. The Ministry of Corporate Affairs has approved the merger between Razorpay Inc. (US) and Razorpay Software Private Limited (India), streamlining its corporate structure ahead of a potential public listing.