RazorpayX Corporate Card for Startups: Features and Partners
Why in the news
Razorpay’s business banking arm brought out a card aimed at underserved startups.
Key facts
| Feature | Detail |
|---|---|
| Product | RazorpayX Corporate Card |
| Partners | Mastercard, RBL Bank, YES Bank |
| Limit | Up to ₹2 crore |
| Safeguards | No collateral; founders’ assets not at risk |
| Forex markup | 2.5% |
Significance
- Separates personal and business spending and closes a credit gap.
- Founders otherwise use personal cards, hurting their creditworthiness.
Exam angle
- Corporate card: liability on the business.
- Forex markup: fee on overseas payments.