Payment gateways, like Point-of-Sale Terminals, allow customers and companies to transmit money. Transactions involve consumer and corporate collaboration. Banks and financial service companies offer payment gateways. They enable e-commerce, in-app, and point-of-sale transactions using several payment methods. The gateway connects acquiring banks and payment methods to a seller’s website or POS system.
Here are the Top 10 Payment Gateway Companies of India in 2023:
1. Paytm: Paytm (pay through mobile) offers eCommerce and financial services digital payment systems. Noida-based DTH and prepaid recharge platform Vijay Shekhar Sharma launched this fintech in 2010. Paytm serves over 2 crore Indian merchants in 11 languages.
Paytm Payment Gateway uses the same technology as India’s biggest companies and Paytm App. The payment gateway supports cards, Paytm Wallet, UPI, netbanking, and Paytm PostPaid.
The payment gateway simplifies payments for all consumers. Only it accepts UPI payments without transaction fees in India.
2. Razorpay: India’s sole payments system lets businesses process, receive, and distribute payments through its product suite.
Razorpay is a prominent Indian payment gateway. The 2014-founded startup has over 800,000 Razorpay users.
In October 2020, the startup became an Indian unicorn. Bangalore-based financial startup has raised around $200 million.
It accepts debit, credit, UPI, online banking, and wallets like Mobikwik, Jio Money, Airtel Money, Ola Money, PayZapp, and FreeCharge. RazorpayX, Razorpay’s commercial bank, optimizes all financial procedures.
3. PayPal: paypal is an American payment platform, operates in India. It handles internet payments and transfers.
Confinity debuted in 1998 with a novel business concept and became a digital wallet in 1999. Luke Nosek, Peter Thiel, and Max Levchin were the original founders.
PayPal presently has offices in San Jose, California, and Chennai, Bangalore, and Hyderabad, India.
4. Instamojo: This Indian payment gateway has over 1 million users.
Its ease of usage has made this payment method popular. Instamojo allows over 100 payment options. Recurring billing lets retailers receive payments.
It provides omnichannel transaction status updates to help your organization execute a customer-centric retail engagement program.
Instamojo is a dual-site platform for website development and payment gateways. In 2012, Akash Gehani, Sampad Swain, and Aditya Sengupta established this gateway. Businesses needed a secure internet. Over 20 lakh Indian enterprises use its payment services. Instamojo’s best feature is free NEFT, RTGS, and bank transfers.
5. Cashfree Payments: This is a popular payment gateway and API payment provider. It provides online payment options.
Akash Sinha and Reeju Datta founded the Bangalore-based startup in 2015. This software integrates with Magento and Shopify and allows several payment ways.
It takes Mastercard, Visa, AMEX, Rupay, Diners, Paytm, online banking from 65+ banks and other wallets, Google Pay, UPI through BHIM UPI, PhonePe, Buy Now, Pay Later, and EMI options. IMPS, NEFT, and PayPal work.
6. PayU: Netherlands-based PayU supplies retailers with online payment technology. 17 nations host the firm. It tops India’s payment gateways due to its features. Over 4,550,000 companies use PayU. Prosus, a worldwide consumer internet company and technology investor, has a fintech division.
Over 100 payment options are available, including buy now, pay later, EMI, UPI, cards, wallets, and online banking. Businesses may accept overseas payments because it accepts over 100 currencies.
7. Bill Desk: The government-owned Bharat Bill Payment Operating Unit’s Bill Desk is a top Indian payment gateway. Bill Desk makes paying for phone, credit card, insurance, gas, ISP, and other requirements easy with its wide variety of financial services.
The 2000-founded company handles recurring payments. Collect consumer payments using Billdesk.
Bill Desk streamlines, simplifies, and secures payments with various Indian banks. Customers can schedule payments using the Bill Desk. They can also set payment reminders.
Indian Airlines, Vodafone, Airtel, Reader’s Digest, India Today, and more reputable companies use the payment gateway. By integrating Meetanshi’s Magento 2 Billdesk Payment extension and collecting recurring payments from clients, you can join these businesses in providing amazing payment experiences.
8. Infibeam: Indian multinational financial technology corporation Infibeam Avenues Limited provides e-commerce software to businesses in numerous industries and the Indian government. CCAvenue is their international payment brand.
CCAvenue integrates more than 55 Indian banks in real time with over 240 payment options.
In 2007, Vishal Mehta founded Infibeam Avenues Limited. It also has offices in Delhi, Mumbai, and Bengaluru. In 2011, the online marketplace expanded into Software Enabling Services.
Infibeam Avenues Limited (IAL), the first fintech and e-commerce business listed on the Indian Stock Exchange, is a leading provider of digital payments and e-commerce technology solutions in India.
UPI, net-banking, and all credit and debit card payments are processed through it. This Middle East and India-based organization offers multilingual and multicurrency payment solutions.
9. JusPay: India’s most trustworthy payment gateway has 120 million mobile device SDK installs, 4 million daily transaction volumes, and 10 billion INR in daily transaction volume.
The fact that BMS, Myntra, Flipkart, Amazon, MakeMyTrip, and others employ this payment method is remarkable. Freecharge, Airtel, Zivame, Snapdeal, Swiggy, Foodpanda, Zoomcar, and Voonik also utilize this payment gateway.
10. PayGlocal: This Indian payment gateway is popular. It processes money globally, quickly, and securely. Your firm will benefit from the payment gateway’s top-notch online transaction security. allows you to accept global payments and accelerates business growth.
PayGlocal merchants may track transactional data, get statistics, and more on their website. It aids foreign currency settling. Store owners can focus on operating their businesses and simply safeguard their customers from fraud with the chargeback guarantee.
PayGlocal lets customers pay in their native currency, prevents fraud, and streamlines checkout.
