Top 10 Indian Payment Gateways

10 Indian Payment Gateways developed in India by Indians

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Mahatma Gandhi
People who dedicated their lives for Swadeshi Products

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Let us get started with the Top 10 Payment Gateways in India.

CC Avenue

Infibeam Avenues Limited (IAL), the Indian Stock exchange witnessed as its first eCommerce company, has been one of India’s leading digital payments and eCommerce technology solutions providers, took over CC Avenue, and is now behind everything that happened thereafter.

CC Avenue, as we remember was one of the first payment gateway providers in India to come up in the Indian market, made by Indians. It is supported by an Indian Company with around 7 directors who hold the stakes of the company.

Headquartered in GIFT City, Gandhinagar, there is a team of about 650 people, supporting the technology and expanding the operations.

CC Avenue boasts of some unique features that none of its competitors offer like:

Platform

PCI DSS 3.2.1 compliant payment gateway platform.

Payment Options240
Connecting Banks55
FoundedFoundersHeadquarters
2007Vishal MehtaAhmedabad

Features

  • 6 Credit Cards
  • 58+ Net Banking
  • 97+ Debit Cards
  • 13 ATM Cards
  • 13 Prepaid Instruments
  • 14 Bank EMI
  • Multiple Currency Processing
  • Multilingual Checkout Page
  • Easy Customization
  • Retry Option
  • Smart Dynamic Routing
  • CCAvenue Checkout
  • Card Storage Vault
  • CCAvenue Store Front
  • CCAvenue Shopping Cart
  • Shopping Cart Plugins
  • iFrame Integration
  • Responsive Checkout Page
  • Marketing Tools
  • CCAvenue S.N.I.P
  • Invoice Payments
  • Smart Analytics
  • CCAvenue PhonePay
  • Dynamic Event Notification
  • Live Monitoring Pro
  • CCAvenue F.R.I.S.K
  • Fastest Activation & Easy Integration
  • Super Support

Instamojo

When things were a little complicated for a layman to start a business and use technological solutions, the bridge was to be addressed by simple solutions. This is when Sampad, Akash, and Aditya, wanting to address the issue started Instamojo, an Indian payment gateway using which they planned to make the internet a trustworthy place for business to grow.

They initially, wanting to keep things simple started with payment links having a simple URL, one can use by copying it and pasting anywhere on the internet and receive payments online via any payment mode.

Evolving and further updating their system, now they claim to have developed it to such an extent that Instamojo is an operating system for our business needs, by providing more than just efficient payment solutions. They now solve problems by offering custom-tailored business tools to help businesses grow on the internet.

Platform

PCI-DSS certified and boast of 98% transaction success rate

Payment Options100
Connecting Banks59
FoundedFoundersHeadquarters
2012Sampad, Akash, and AdityaBengaluru

Features

  • Collect Payment
  • Manage Accounting
  • Resolve Disputes
  • Understand Data
  • Payment Buttons
  • Easy Sharing Options
  • All payment data at your fingertips
  • Dispute Resolution Center
  • Online Web Store in Minutes
  • Digital Files Hosting
  • Free Tools for Small Businesses

Cashfree

When online payment integration with technology was thought to be difficult by their founders, they started their own Indian payment gateway solutions that started catering to major conglomerates providing them easy integration and easy collection.

They claim to have the facilities such as instant refunds and payouts that have been the major hurdle when it comes to different other Indian Payment gateways.

The following are the advantages that this payment gateway service provider in India offers:

  • Easy to integrate Indian payment gateway that supports instant refunds
  • Payouts – an API banking platform for disbursals
  • A split payment solution for marketplaces
  • A Bank Account Verification API
  • A dedicated UPI stack for businesses and Auto Collect

Platform

Complies with RBI guidelines

Payment Options100
Connecting BanksMost Banks
FoundedFoundersHeadquarters
2015Akash Sinha and Reeju DattaBengaluru

Features

  • Go Global
  • Fast Settlements
  • Your Website Your Checkout Page
  • Saved Cards
  • Recurring Payments
  • Pre-authorization
  • Higher than Industry Success Rate
  • Pay later and EMI

FonePaisa

The first employee of Infosys got in touch with two other experienced bankers and heads of finances, giving birth to the concept of an integrated solution called FonePaisa.

Unlike PayTM or FreeCharge, this is an inclusive solution that creates a QR code keeping in mind all the other wallets making it easier for the consumer to pay with any of the wallets they would have already installed. This is an added and seamless experience for the customers and vendors who otherwise will have to follow a cumbersome procedure.

Platform

Complies with RBI guidelines

Payment Optionscredit /debit card, net banking, mobile wallets via smartphone
Connecting BanksMost Banks
FoundedFoundersHeadquarters
2014Sharad Hegde, C S Prasad, and Ritesh AgarwalBengaluru

Features

  • Payment Acceptance
  • Pay from all digital stores of payment
  • Smartphone enabled
  • Safe Card Details
  • Safeguard financial data
  • Earn Reward Points
  • See Sales history
  • Good Support

RazorPay

Razorpay claims that it is a unique and the only Indian payment gateway that accepts, processes, and disburses payments with its product suite. The dashboard that is a part of its software provides access to all payment modes including credit card, debit card, net banking, UPI, and other popular wallets.

Platform

PCI DSS Level 1 compliant along with frequent third-party audits and a dedicated internal security team

Payment Options50+
Connecting Banks50+
FoundedFoundersHeadquarters
2013Shashank Kumar & Harshil MathurBengaluru

Features

  • Accept All Payment Modes
  • Checkout and Global Card Saving
  • Powerful Dashboard
  • Built for Developers
  • Robust Security
  • Built for Developers

Direcpay

Being a part of Times of Money, a digital payment company, in an increasingly digital world. It boasts itself of being a full-fledged digital payment services company. It is rapidly carving a niche for itself while creating categories and now is a veteran, rapidly expanding the business.

Platform

PCI-DSS certified, VeriSign Secure, Verified by Visa & Master Card Secure Code

Payment OptionsCredit Cards, Debit Cards, Net-banking, Cash Card
Connecting BanksMost Banks
FoundedFoundersHeadquarters
2000Avijit NandaMumbai

Features

  • One Indian Payment Gateway for Various Payments
  • Multiple Access Modes
  • Savings on Infrastructure
  • Payment Alerts
  • Merchant Account Not Mandatory
  • T+2 Fund Settlement
  • Overnight Integration
  • Dropped Transaction Tracking
  • Pre Integrated Shopping Carts
  • Automated Reconciliation
  • Watertight Security
  • Robust Risk & Fraud Management
  • In-depth Analytics
  • Real-time MIS
  • Commission

Paykun

Any sized business can use this solution which boasts of secured digital transactions providing customers a safe buying experience. Along with the security, there is a very fast onboarding and easy integration-technical support, which will be 24x7 through chat, call, and email.

Platform

PCI-DSS certified, VeriSign Secure, Verified by Visa & Master Card Secure Code

Payment Options120+
Connecting BanksMost Banks
FoundedFoundersHeadquarters
2018Vijay YadavBhavnagar

Features

  • Powerful reporting
  • Checkout & Global card saving
  • Robust security
  • Fast settlement
  • Payment retry
  • Easy integrationBuyer Protection
  • Buyer Protection
  • Seller Protection

Mobikwik

They provide a payment gateway like any other payment gateway provider in India apart from their own wallet where customers can add money and retrieve it. Their target is the places where internet connectivity is less or as speed as a 2g connectivity, where they provide with a lite app from where their customers can transact from.

From 2013, they, after getting authorized by RBI, have started providing their customers with small loans as part of their service.

Platform

PCI-DSS certified, VeriSign Secure, Verified by Visa & Master Card Secure Code

Payment OptionsMany
Connecting BanksMost Banks
FoundedFoundersHeadquarters
2009Bipin Preet Singh, Upasana TakuGurugram

Features

  • Mobile Friendly
  • Autofill OTP
  • Mobile Optimised Checkout Design
  • All Payment Options in One Integration
  • Best Conversion Rate
  • Developer-first Integration Guaranteed
  • Super Secured
  • Analytics At Your Fingertips

Airpay

A company that provides Software as a service at a global level for eCommerce and enterprise solutions to its clients. Aiming at making monetary transactions easier, simpler, and faster, they help businesses the best possible experience by providing the best possible solution.

It runs Omni-platform channels making the customers easier to transact without hassle.

Platform

PCI-DSS certified, Encrypt and store data, Secure channel communication using SSL, Encrypted storage of card details, Audit Trails

Payment OptionsMany
Connecting Banks50
FoundedFoundersHeadquarters
2012Amit Kapoor, Kunal Jhunjhunwala, and Rohan DeshpandeMumbai

Features

  • Mobile Friendly
  • Autofill OTP
  • Mobile Optimised Checkout Design
  • All Payment Options in One Integration
  • Best Conversion Rate
  • Developer-first Integration Guaranteed
  • Super Secured
  • Analytics At Your Fingertips

Atom

They provide end-to-end solutions with respect to payments on both online and offline platforms. They offer a vast range of payment solutions from tycoons to SMEs to small-time vendors.

Their motto is that technology should be for a common man in the remotest place in India, which is “Providing Payment Solutions to All”. They also believe in “transaction should be a simple and convenient process, regardless of who and how it is done”.

They have the following to their USP:

  • High Success Ratio
  • 24/7 support
  • Multiple payment options
  • Great value adds for boosting business

Platform

PCI DSS version 3.2 and 256-bit encryption ensures safe transaction

Payment Options265
Connecting BanksMost Banks
FoundedFoundersHeadquarters
2006Dewang NerallaMumbai

Features

  • 265+ Payment Options
  • Highest Security Encryption
  • Express Checkout
  • Retry Option
  • Invoice Payment
  • Dynamic Routing
  • Standing Instructions
  • Multibank EMI
  • Merchant Console