Razorpay, NPCI Bharat BillPay Launch Banking Connect Netbanking Rail; BharatPe Rebrands NBFC to BharatPe Capital

Razorpay partners with NPCI Bharat BillPay on Banking Connect, a modernised netbanking solution for businesses and consumers. Separately, BharatPe rebrands NBFC Trillionloans as BharatPe Capital, carrying a Rs 1,750 crore loan book and Rs 3,500 crore annual disbursements at 30% YoY growth.

— Source publishedWed, 1 Jul, 2026, 14:44 IST·First seen Wed, 1 Jul, 2026, 14:59 IST·Source YourStory

What happened

Startup roundup: Razorpay partners with NPCI Bharat BillPay to launch Banking Connect, a modernised netbanking solution for businesses and consumers; BharatPe

Key facts

  • Rs 100 Cr Series A
  • Rs 1,750 crore loan book
  • Rs 3,500 crore annual disbursements
  • 30% YoY growth

Why this matters

Razorpay-NPCI Banking Connect signals platform consolidation in payment rails, while BharatPe's NBFC rebrand and scaling lending arm position it as a potential credit-distribution partner or acquisition target.

What to watch

  • Merchant adoption / TPV disclosures for Banking Connect within 2 quarters
  • BharatPe Capital NPA and disbursement growth trajectory
  • RBI digital-lending or netbanking guideline updates
  • Competitor announcements of rival netbanking rails
  • Take-rate compression signals in payment gateway pricing
  • Razorpay bundles Banking Connect into merchant checkout SDK to boost success rates on high-ticket carts
  • BharatPe Capital expands merchant-linked working-capital products using transaction data
  • Competing PGs (Cashfree, PayU) negotiate similar NPCI netbanking integrations
  • Banks reassess netbanking API pricing as volume shifts to modernised rail

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