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RapiPay’s Revenue Hits Rs 440 Cr in FY23 Despite Slowing Growth, Losses Increase

  • RapiPay’s revenue rose 18.3% to Rs 439 crore in FY23, despite growth rate slowing down.
  • It generated income primarily through commission from digital payment solutions, which increased 26% to Rs 296.1 crore in FY23.
  • However, the company reported a loss of Rs 93.2 crore in FY23, more than double the Rs 40 crore loss in FY22.
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