Razorpay Shifts Entire R&D to AI, CEO Harshil Mathur Confirms 'AI-First' Focus

• Razorpay CEO Harshil Mathur announced the company's R&D is now entirely AI-first, prioritizing AI across all new investments.
• The company believes AI will fundamentally reshape how businesses operate in India, leading to AI-led product development.
• Razorpay launched AI Agent Studio to automate tasks like reconciliation, growth campaigns, and payment recovery for businesses.
• Global travel payments, a segment of Razorpay's cross-border business, saw a 20-30% impact due to the Iran war, affecting Middle East transit.
• Despite disruptions, cross-border payments remain a key strategic priority; IPO preparations are underway, and Razorpay aims to be a full-stack operating system.