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Razorpay launches ‘MoneySaver Export Account’ for Indian Exporters

Published on July 29, 2023
Current Context: Razorpay has recently launched a new product called MoneySaver Export Account, which is designed to help Indian exporters save up to 50% on overseas bank transfers.
Razorpay launches ‘MoneySaver Export Account’ for Indian Exporters
  • This product allows exporters to open a smart account in any country of their choice and receive payments locally via wire transfers on the Razorpay platform. This way, they can avoid high transfer costs, chargebacks, and payment failures that are common with traditional remittance systems.
  • MoneySaver Export Account is India’s first smart account to offer such savings and convenience for exporters.
  • It is easy to use and accessible from the Razorpay dashboard without any additional paperwork.
  • Razorpay is a leading payment and banking company in India, with over 8 million businesses using its platform.
  • It offers various products and services such as payment gateway, payment links, payment pages, subscriptions, invoices, payouts, neo-banking, lending, and more. Razorpay aims to simplify money movement for businesses and individuals in India and abroad.

Question:

Q.1 What is the name of the new product launched by Razorpay for Indian exporters?
a. MoneySaver Export Account
b. MoneyMaker Export Account
c. MoneyTransfer Export Account
d. MoneyExchange Export Account
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