Razorpay launches RazorpayX 2.0 for SMEs, integrating payroll and lending. A big step in fintech innovation. #Fintech #R

Razorpay's RazorpayX 2.0 launch positions it as a comprehensive financial platform for SMEs in India, bundling payments with payroll and lending to reduce reliance on traditional banks. This could intensify competition in the fintech space, challenging players like Paytm and PhonePe by offering integrated services that streamline SME operations and potentially capture a larger share of the growing digital economy.