Payments company Razorpay has announced that it has launched an upgraded version of its service ‘Payment Links’. This development was first reported by the Economic Times. The Bengaluru based company said that it has added two new features, apart from updating its User Interface (UI) to provide a more customised experience to all businesses. Payment Links, which can be sent via an SMS or email, are securely generated web addresses that allow end-users to make payments using the supported payment methods, the report said. The two new features that the company has incorporated in its service are called ‘Partial payments’ and ‘Batch Uploads’. While the former allows end-users to make payments in part against a particular order_id instead of making the entire payment at once, the later lets businesses generate and process links in bulk rather than creating individual links by uploading a single file containing collect order details, the company said. “These new features are designed to drive digitization in traditional businesses and will provide efficient ways to increase revenue for new age businesses and has the ability to save upto 30% of their cost and time,” said Shashank Kumar, co-founder, Razorpay. Razorpay said that over 20000 businesses are transacting using payment links since its launch in September last year. The company plans to double that number in the next six months. Funding In January, Razorpay had raised Series B funding of $20 million led by its existing investors Tiger Global and Y Combinator, along with participation from Matrix Partners. At…
