RazorpayX Changelog

Payments Changelog: Discover new releases and updates regarding Razorpay Payments.

The following table records changes made to RazorpayX since Jan 2024:

Month-Year | Feature | Description

Mar 2026 | Account Validation enabled via Reverse Penny Drop | Validate bank accounts using the Reverse Penny Drop method, verifying the authenticity of both the account as well as the account holder.

Nov 2025 | Introduced RazorpayX Corporate Cards. | You can now avail RazorpayX Corporate Cards powered by RBL and Yes Bank to manage and segregate your business expenses in a controlled way.

Nov 2025 | Cashflow Insights enabled in RazorpayX Dashboard | You can now view the cashflow summary of your account(s) on your RazorpayX Dashboard using Insights.

Sept 2025 | Light Theme enabled in RazorpayX Dashboard.| You can now switch between Dark and Light themes for your Dashboard as per your choice.

June 2025 | Allowlisting IPs for Payout Links APIs | Allowlisting IP addresses is made mandatory for using the Payout Links APIs.

Mar 2025 | Smart Settlements | Introduced Smart Settlement, a sub-feature of Instant Settlements, which enables you to settle amounts upto ₹50 Cr instantly, as a single entry, using the RTGS channel.

Mar 2025 | Idempotency Key Made Mandatory | Idempotency Key has been made mandatory for all payouts, starting March 15, 2025.

Dec 2024 | Disengagement of ICICI as Partner Bank | The Partnership with ICICI for Current Account services has been closed. Existing RazorpayX customers maintaining Current Accounts with ICICI Bank will continue to receive services and support.

Dec 2024 | IDFC First Onboarded as Partner Bank | RazorpayX has partnered with IDFC First Bank to offer Current Account services to customers. You now have the option to open a Current Account with IDFC First through RazorpayX.

Dec 2024 | Payout Purpose Limit Increased | The maximum number of Payout Purposes that can be added has been increased from 200 to 400.

Oct 2024 | Petty Cash Removal | Petty Cash Budgeting feature in RazorpayX has been deprecated.

Aug 2024 | Bulk Import of Items | You can now import Items in bulk from your external tools or templates.

Aug 2024 | Bulk Import of Purchase Orders | You can now import Purchase Orders in bulk from your external tools or templates.

Aug 2024 | Create or Import Purchase Orders | You can now create or import Purchase orders and link them to vendors and payments.

Aug 2024 | Payouts Pro Self-Serve | You can now improve the success rates of transactions by setting multiple accounts for payouts using the dynamic Payouts Pro Multi-Bank Routing feature of RazorpayX.

Jul 2024 | Capital | B2B Checkout Financing is no longer available as a Razorpay offering.

Jul 2024 | Idempotency Header for Payouts API | Idempotency header is now mandatory for all Payouts APIs.

Jul 2024 | Payouts Downtime Alerts | You can now receive partner and beneficiary bank downtime alerts via email, SMS and webhooks.

May 2024 | Cost Centers | You can create cost centers to streamline your expenses by mapping them to individual functions or activities in your organisation.

May 2024 | Current Accounts on Axis Bank | RazorpayX is now offering Current Accounts in partnership with Axis Bank.

May 2024 | User Groups | You can create teams, departments or groups based on location and other custom categories.

Mar 2024 | Deprecation of GST | The GST feature on the RazorpayX Dashboard has been deprecated.

Feb 2024 | Multi-Branch Management | You can manage multiple business branches/locations and track the respective vendor payments from one RazorpayX account.

Feb 2024 | Composite Account Validation API | Introduced Composite Account Validation API to create contact, fund account and validate the bank account (using penny-drop/penniless) and VPA IDs of your customers, in a single API call.

​Month-Year | Feature | Description

​Mar 2026 | Account Validation enabled via Reverse Penny Drop | Validate bank accounts using the Reverse Penny Drop method, verifying the authenticity of both the account as well as the account holder.

​Nov 2025 | Introduced RazorpayX Corporate Cards. | You can now avail RazorpayX Corporate Cards powered by RBL and Yes Bank to manage and segregate your business expenses in a controlled way.

​Nov 2025 | Cashflow Insights enabled in RazorpayX Dashboard | You can now view the cashflow summary of your account(s) on your RazorpayX Dashboard using Insights.

​Sept 2025 | Light Theme enabled in RazorpayX Dashboard.| You can now switch between Dark and Light themes for your Dashboard as per your choice.

​June 2025 | Allowlisting IPs for Payout Links APIs | Allowlisting IP addresses is made mandatory for using the Payout Links APIs.

​Mar 2025 | Smart Settlements | Introduced Smart Settlement, a sub-feature of Instant Settlements, which enables you to settle amounts upto ₹50 Cr instantly, as a single entry, using the RTGS channel.

​Mar 2025 | Idempotency Key Made Mandatory | Idempotency Key has been made mandatory for all payouts, starting March 15, 2025.

​Dec 2024 | Disengagement of ICICI as Partner Bank | The Partnership with ICICI for Current Account services has been closed. Existing RazorpayX customers maintaining Current Accounts with ICICI Bank will continue to receive services and support.

​Dec 2024 | IDFC First Onboarded as Partner Bank | RazorpayX has partnered with IDFC First Bank to offer Current Account services to customers. You now have the option to open a Current Account with IDFC First through RazorpayX.

​Dec 2024 | Payout Purpose Limit Increased | The maximum number of Payout Purposes that can be added has been increased from 200 to 400.

​Oct 2024 | Petty Cash Removal | Petty Cash Budgeting feature in RazorpayX has been deprecated.

​Aug 2024 | Bulk Import of Items | You can now import Items in bulk from your external tools or templates.

​Aug 2024 | Bulk Import of Purchase Orders | You can now import Purchase Orders in bulk from your external tools or templates.

​Aug 2024 | Create or Import Purchase Orders | You can now create or import Purchase orders and link them to vendors and payments.

​Aug 2024 | Payouts Pro Self-Serve | You can now improve the success rates of transactions by setting multiple accounts for payouts using the dynamic Payouts Pro Multi-Bank Routing feature of RazorpayX.

​Jul 2024 | Capital | B2B Checkout Financing is no longer available as a Razorpay offering.

​Jul 2024 | Idempotency Header for Payouts API | Idempotency header is now mandatory for all Payouts APIs.

​Jul 2024 | Payouts Downtime Alerts | You can now receive partner and beneficiary bank downtime alerts via email, SMS and webhooks.

​Jun 2024 | Payouts Pro Widget | Payouts Pro Widget is now publicly available to users. Get AI-powered insights into Payout performance for previous 30 days.

​May 2024 | Cost Centers | You can create cost centers to streamline your expenses by mapping them to individual functions or activities in your organisation.

​May 2024 | Current Accounts on Axis Bank | RazorpayX is now offering Current Accounts in partnership with Axis Bank.

​May 2024 | User Groups | You can create teams, departments or groups based on location and other custom categories.

​Mar 2024 | Deprecation of GST | The GST feature on the RazorpayX Dashboard has been deprecated.

​Feb 2024 | Multi-Branch Management | You can manage multiple business branches/locations and track the respective vendor payments from one RazorpayX account.