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The digital payments space struggled with growth in FY25, even after the Reserve Bank of India removed merchant onboarding restrictions for leading companies. While key payments firms are yet to report FY25 numbers, industry watchers suggest that most are likely to have de-grown or posted flat scale in the last fiscal. State Bank of India-backed Cashfree is no exception, as the firm’s operating scale remained flat in FY25.
Cashfree reported an operating revenue of Rs 640 crore in FY25 against Rs 643 crore in FY24, according to the company’s…
