In a significant step towards bridging the credit gap for India’s emerging businesses, RazorpayX, the business banking platform of Razorpay, today announced the launch of RazorpayX Corporate Cards in a strategic partnership with Mastercard, RBL Bank, and YES Bank. The cards are built for India’s tech-first and internet-first businesses, making it easier for them to get the credit they need.
Backed by YES Bank and RBL Bank, and powered by Mastercard’s globally trusted network, these corporate cards use Razorpay’s cutting-edge fintech platform to deliver reliable financial solutions, allowing founders to focus on building, not battling financial roadblocks.
Despite a record $254 billion in credit card spending in FY’25, a 15% year-over-year increase, and over 100 million credit cards in circulation, the majority of Indian businesses remain underserved by traditional financial systems. While India’s credit card market crossed $220 billion in FY’24, nearly 95% of startups and mid-sized businesses still face significant barriers to accessing credit, contributing to a substantial $530 billion credit gap.
Addressing these challenges, the RazorpayX Corporate Cards are designed to empower founders and their finance teams with greater control, flexibility, and support in managing operational expenses. By leveraging Razorpay’s platform data, these cards offer credit limits of up to ₹2 crore, without the need for collateral, to businesses overlooked by traditional financial institutions. This ensures founders preserve their personal credit scores while unlocking growth capital. The RazorpayX Corporate Card is thoughtfully designed to support essential business spending needs, from managing day-to-day operations to enabling greater financial control. It is built to integrate seamlessly with the RazorpayX dashboard, empowering finance teams and founders with enhanced visibility over company-wide expenses.
- Beyond credit access, these cards offer meaningful cost efficiencies through Razorpay’s exclusive Savings Negotiator Concierge, which helps startups negotiate and unlock up to 30% savings on over 500 curated SaaS, technology, and marketing platforms
- Businesses benefit from cashback rewards on key technology and marketing expenses, competitive forex rates with a low markup fee of 2.5%, and the ability to pay GST returns directly using the card, streamlining complex financial operations
“Startups shouldn’t have to depend on personal credit cards to fuel their growth,” said Ayush Bansal, VP & GM, RazorpayX. “With RazorpayX Capital, we’re embedding flexible, collateral-free credit right into the RazorpayX ecosystem, empowering businesses to manage procurement spends and employee expenses with industry-first rewards and offers. This enhanced offering strengthens RazorpayX as the go-to platform for founders to manage, grow, and scale their businesses seamlessly.”
Highlighting the pressing need for innovative financing in the sector, Ravi Datla, Senior Vice President, Product and Solutions, South Asia at Mastercard, said, “India’s startups and small businesses are the driving force behind the nation’s socioeconomic transformation—creating jobs, sparking innovation, and enabling inclusive development. Empowering them with next-generation financial tools and solutions is not merely support; it’s a strategic imperative for sustained national growth. Mastercard is proud to be part of this initiative, which harnesses digital innovation to address the real challenges faced by existing and emerging entrepreneurs. These new corporate cards are designed to foster greater resilience, scalability, and long-term success for India’s vibrant business ecosystem.”
Mr. Bikram Yadav, Head- Credit Cards, RBL Bank, said, “At RBL Bank, we understand that today’s digital-first businesses demand seamless, tech-enabled financial solutions. By partnering with RazorpayX, we are launching a solution that directly addresses this requirement. The Corporate Cards not only offer easy access to credit but also integrate effortlessly with digital platforms. This collaboration reflects our commitment of backing bold dreams and supporting the culture of entrepreneurship that is reshaping India’s economic landscape.”
Mr. Anil Singh, Country Head – Credit Cards and Merchant Acquiring, YES BANK, said, “At YES BANK, we are focused on redefining credit access for India’s startup ecosystem. Our partnership with RazorpayX and Mastercard reflects our commitment to innovation-led banking that is responsive to the evolving needs of today’s digital-first businesses. These Corporate Cards are more than a line of credit—they are a strategic enabler for startups to scale responsibly, manage expenses smarter, and preserve liquidity for growth.”
Annual cardable expenses in emerging sectors are estimated at $340 billion, including $2.4 billion in SaaS and marketing spends, highlighting the growing demand for accessible, flexible corporate credit. RazorpayX Corporate Credit Cards equip startups with tools to manage these expenses effectively while unlocking critical working capital for growth.This launch is part of RazorpayX’s ongoing efforts to simplify financial operations for MSMEs and startups, offering solutions that help them focus on growth instead of everyday financial hurdles. From introducing Automated Escrow+ for secure, real-time money transfers to launching a dedicated Forex service that streamlines foreign funding inflows to India and automating payroll processing, RazorpayX continues to remove financial friction at every step of the startup journey.