Razorpay, Cashfree stop direct integrations with Juspay; Pine Labs to continue partnership
digital payments has split the merchant payment industry. The symbiotic relationship between payment aggregators Razorpay and Cashfree and payment orchestrating platforms like Juspay seem to have been disrupted as both get into each other’s domain with competing products.
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Two major payment aggregators Razorpay and Cashfree have said that they are pausing third-party integrations with the SoftBank-backed Juspay. This move comes after PhonePe said it cut ties with Juspay in December last year.
Pine Labs, which offers both offline and online merchant payment services, said it will continue to work with other orchestration services.
“In the world of technology, open architecture and collaboration are extremely important. At Pine Labs, we will continue to foster this and our online platform will continue to partner with other orchestration platforms to provide the best experience for merchants and consumers,” said Amrish Rau, chief executive officer, Pine Labs, which processes around 3 billion online transactions monthly.
Razorpay and Cashfree have said they will stop working with third-party routing platforms.
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