RateGain partners with Razorpay to enhance hotel payments in India
AI-driven SaaS solutions provider RateGain Travel Technologies has partnered with Razorpay to streamline payment processing for hotels in India.
This strategic collaboration integrates Razorpay's payment infrastructure with RateGain's Booking Engine, offering a secure and modern transaction experience for hotel guests.
RateGain's Booking Engine will now provide a variety of payment options such as Unified Payments Interface (UPI), mobile wallets, net banking, and credit and debit cards, for both local and international.
Additionally, guests can avail themselves of EMI options and Pay Later solutions, catering to a diverse range of payment preferences.
Razorpay chief operating officer Rahul Kothari said: 'With India's travel and hospitality sector projected to reach $125bn by 2027, and over 70% of hotel bookings expected to be made digitally, the need for secure, seamless, and intelligent payment solutions has never been more critical. At Razorpay, we see payments as a strategic enabler for the industry's growth.
'Our partnership with RateGain is a testament to this belief, bringing together deep industry expertise and cutting-edge technology to empower hotels across India. By enabling real-time, reliable, and flexible payments, we're helping hoteliers not just meet but exceed the expectations of today's traveller.'
The partnership not only improves the guest payment experience but also boosts operational efficiency for hoteliers.
Features such as instantaneous transaction tracking, automated settlement reports, and centralised dashboards are set to streamline the reconciliation process, thus reducing manual efforts and the potential for errors.
The transaction security is increased by Razorpay's PCI DSS Level 1 and SOC 3 compliance, coupled with fraud detection tools.
RateGain chief strategy officer Yogeesh Chandra said: 'At RateGain, our focus is on helping hotels maximise revenue by simplifying guest experiences and driving higher conversion.
'This integration with Razorpay gives hoteliers a competitive edge, offering guests the flexibility to pay how they prefer while reducing checkout friction and increasing conversion. As part of RateGain's AI-first strategy, it also enables smarter automation behind the scenes to streamline operations and support faster decision-making.'
In February 2024, RateGain launched Navigator, a unified rate insights platform designed to improve revenue management for the hospitality industry.
"RateGain partners with Razorpay to enhance hotel payments in India" was originally created and published by Hotel Management Network, a GlobalData owned brand.
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