RateGain & Razorpay Join Forces to Revolutionize Hotel Payment Processing in India

Image Source: Business Standard

RateGain Travel Technologies Ltd. has announced a strategic partnership with Razorpay, India’s leading full-stack payments and banking platform, to enhance hotel payment processing across the country. The collaboration integrates Razorpay’s advanced payment infrastructure with RateGain’s Booking Engine, ensuring seamless, secure, and flexible transactions for hotel guests.

Seamless Payment Integration for Hotels:

RateGain’s Booking Engine will now support UPI, mobile wallets, net banking, domestic & international credit/debit cards, EMIs, and Pay Later solutions.
The integration aims to reduce checkout friction, improving guest experience and conversion rates.

Operational Efficiency & Security Enhancements:

Hotels will benefit from real-time transaction tracking, automated settlement reports, and centralized dashboards, simplifying reconciliation processes.
Razorpay’s PCI DSS Level 1 and SOC 3 compliance ensures advanced fraud detection and secure transactions.

Industry Growth & Market Impact:

India’s travel and hospitality sector is projected to reach $125 billion by 2027, with over 70% of hotel bookings expected to be digital.
The partnership positions RateGain as a key enabler of digital transformation in hospitality, supporting hoteliers in adapting to evolving consumer expectations.

Leadership Insights & Future Outlook:

Yogeesh Chandra, Chief Strategy Officer, RateGain, emphasized that the integration will help hotels maximize revenue by simplifying guest experiences.
Rahul Kothari, COO, Razorpay, highlighted the importance of secure, intelligent payment solutions in driving industry growth.

RateGain’s latest partnership with Razorpay marks a significant step in modernizing hotel payment processing, ensuring seamless transactions and enhanced guest satisfaction.

Source: RateGain’s Official Announcement.