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Top 10 Internet Payment Gateways in India

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In search of Indian payment gateway solutions? Faced with the dilemma of choosing the best payment gateways in India? If you aim to integrate secure payment gateways into your Magento, WooCommerce, Shopify, or Prestashop stores to elevate the shopping experience, it’s worthwhile to examine digital payment statistics before delving further into this blog.

Navigating through numerous options to find the optimal Indian payment gateway can be challenging. Therefore, we present a comprehensive guide to discover the top 11 payment gateways in India.

Statista indicates that online payments in India were projected to exhibit a Compound Annual Growth Rate (CAGR) of over 20% between 2019 and 2023. By the close of 2023, it was anticipated that 660 million Indians would embrace online payments.

The exponential growth in online payment adoption is attributable to the impact of the pandemic. With a population exceeding 1.4 billion people, leveraging online payments presents significant opportunities for businesses.

That’s the reason I’ve assembled a list of the finest Indian payment gateways for 2024 to elevate your store’s online payment experience. Additionally, to simplify your decision-making process, I’ve conducted a comprehensive comparison of the top 11 payment gateways in India, considering factors like charges, payment methods, GST compliance, and more.

Top 10 Payment Gateways in India

Razorpay

Razorpay - best payment gateway in india

Razorpay is among the top payment gateway providers in India. The company was founded in 2014, and now it has more than 800K customers who use the Razorpay payment gateway.

The company became a unicorn startup in India in October 2020 with over a $1 billion valuation. The Bangalore-based emerging fintech company has received more than $200 million in funding.

The specialty of Razorpay is instant activation and easy integration. If you leverage this payment gateway, you also get a Dashboard where you can see real-time data of purchasing. Small, big, and large companies, freelancers, and self-employed have loved Razorpay as it is also extremely simple to use and secure.

The payment gateway allows you to accept payment via various methods such as credit/debit cards, net banking, UPI, and popular wallets that include JioMoney, FreeCharge, Airtel Money, etc. There are different websites: WooCommerce, Magento, CS-Cart, OpenCart, and so on; Razorpay can be used as a payment gateway.

Big business names like Unacademy, UrbanClap, Zoomcar, Groffers, and BookMyShow have used the Razorpay payment gateway.

Razorpay is the business banking arm of Razorpay that makes end-to-end money movement easier. It’s a secure way for transactions.

You can manage your marketplace and automate bank transfers. There are also facilities for collecting recurring payments, sharing invoices, and availing of working capital loans.

And if you are a Magento store owner, Meetanshi offers a readymade solution for you, Magento Razorpay Payments, to integrate the Magento store with India’s Razorpay payment gateway to capture secure online payments in 92 currencies.

Apart from this, Razorpay offers Razorpay Route API to split incoming payments among partners or individual accounts and manage money flow. Integrate the Razorpay Route API with Magento 2 using Magento 2 Razorpay Route extension to manage marketplace money flow.

Features:

  • API-driven automation that requires zero manual intervention
  • 100+ payment modes
  • Dashboard facility to check real-time data
  • Easy integration
  • Invoice payments
  • Integration with the website for payment
  • 24/7 support
  • Save saving facility

Pros:

  • Easy integration with less code.
  • Fast and secure payments.
  • Credit/debit card, UPI, net banking, and 100+ payment methods.
  • Better conversion rate.
  • All major international cards are accepted
  • Real-time currency conversion is possible
  • Top payment gateway in India with zero setup cost

Cons:

  • The high failure rate in international transaction

Transaction Charge:

  • 2% on Indian debit/credit cards, net banking, UPI
  • 3% on Diners and Amex Cards, International cards, EMI

Contact Details:

Contact number: 1800-123-1272

Send your queries here

Visit Site

PayGlocal

PayGlocal - payment gateways in india

PayGlocal has a global reputation among popular payment gateways in India. It is a fast, secure, and global payment processing platform. The payment gateway offers best-in-class security for online transactions and can be a good choice for your business. It facilitates accepting payments from customers across the globe and helps expand your business exponentially.

This new payment gateway in India provides its merchant with a platform to check details related to their transactions and download reports. In addition, it also supports international currency settlement. The company offers a chargeback guarantee so that store owners can focus on their business and easily protect customers from fraudulent activities.

Features:

  • Accepts payments in customers’ native currency
  • Fraud protection service
  • Smooth-checkout experience
  • Ensures smooth-checkout experience

Pros:

  • 24/7 customer support
  • International payment can be made
  • Easy integration with the website
  • Multiple payment methods
  • Secure and fast

Cons:

  • No negative points have been observed so far

Transaction Charges:

Contact for Pricing.

Contact Details:

Contact PayGlocal from here.

Visit Site

PayU

PayU - best payment gateway india

PayU India is one of the biggest payment gateway aggregators in India. It is a part of the Naspers group, backed by Prosus (one of the largest technology investors in the world).

It has the highest coverage in the industry, thanks to direct integrations with almost all major banks and networks. Over 5 lakh businesses in India, including leading merchants like Amazon, Myntra, Nykaa, Zomato, etc., trust PayU as their payment partner.

PayU has a seamless and scalable platform with the highest transaction success rates for smooth checkout experiences. Onboarding is completely digital, and it takes only a few minutes to integrate and start using its payment solutions. Merchants get access to a user-friendly dashboard that allows them to track and manage all payments, settlements, payouts, and invoices from one central location. Businesses of any scale and type, from SMBs and start-ups to large enterprises, can leverage PayU’s payment solutions to grow their business.

PayU offers over 150 payment modes – UPI, dynamic and static QRs, credit and debit cards, net banking, international payments, and more. Affordability is a major offering that includes credit and debit card EMIs, BNPL, and custom offers. You can use API or mobile SDKs, with additional features like Native OTP, to provide seamless checkout experiences to your customers.

Feature:

  • 150+ payment modes
  • Customizable and no-code solutions for easy integration
  • Single dashboard view for real-time payment tracking and management
  • 24×7 customer support
  • Highest direct integration with banks and networks
  • Best success rates
  • 3DS 2.0 technology for the highest levels of security

Pros:

  • Trusted by more than 5 lakh businesses
  • Easy integration and user-friendly interface, with comprehensive developer guides
  • Supports international payments
  • RBI-compliant tokenization solution and get access to PayU’s Token Hub
  • Seamless, customizable payment gateway integration
  • Native OTP is available
  • PoS solutions
  • EMI and BNPL solutions
  • Manage recurring payments
  • Pay with Rewards to manage loyalty points
  • Enable instant refunds

Cons:

  • No negative qualities have been observed so far.

Transaction Charges:

Check out their pricing page for details.

Contact details:

Reach out to PayU here.

Visit Site

Nimbbl

nimbbl - Best payment gateways

Nimbbl is a fast-growing online payments company that allows shoppers to complete their payment activity without getting into too many steps.

Using their powerful one-click checkout, you can eliminate unnecessary steps during payment and make the process super fast for your shoppers. You can easily get the top payment gateway players like Razorpay, PayU, Cashfree, CCAvenue, Paytm, HDFC, Plural, Worldline (Ingenico), ICICI, Payglocal and Freecharge together using this one integration.

Besides these, the platform also offers more options to provide more feature-filled ways to complete a payment like Magik UPI, buy now pay later, pay using credit & debit cards, EMI, and net banking & wallets. Brands like Skullcandy, Upkarma, Kapiva, BVLGARI, Pride of Cows, Air India, Go First, Cordelia Cruises, and more trust them for their payments.

Feature:

  • One-click checkout experience for higher conversion rates
  • Single API for multiple payment aggregators, supporting cards, UPI, NB, wallets for ₹ as well as multi-currency processing
  • Set up routing preferences at the payment mode level across these aggregators
  • Plugins for popular e-commerce stores like Shopify, WooCommerce, WordPress and Opencart
  • Single dashboard for all ops/care roles, giving access to transaction data, settlement data and the ability to process refunds.
  • Multiple form factors such as payment links/no code payment pages to support all customer channels

Pros:

  • One-click checkout based on eligibility framework for buy now pay later (BNPL) and UPI, ensuring that customers see options that have high transaction contextuality and improved probability of success
  • Easy switchover between its multiple payment gateway providers in case of downtime, without any coding or customer experience changes.
  • Single dashboard to manage all payments methods and aggregators
  • Save transaction processing costs with use-case or payment method-based routing

Transaction Charges:

  • The pricing is customised as per the business goal and requirement.

Contact details:

  • You can contact them from here.

Visit Site

CCAvenue

CCAvenue - top payment gateways in india

CCAvenue is one of South Asia’s most popular payment gateway providers, including India. The payment gateway is easy to use, fast, and secure.

This payment gateway offers over 200 payment options, including 6 credit cards, 58 + net banking, 97+ debit cards, 14 Bank EMI, etc. It allows website integration and application integration as well. The fully responsive transaction page provides a quick and simple checkout experience.

The company has built FRISK (Fraud and Risk Identification System & Knowledge) for security purposes. This provides a safe and secure payment environment. The best thing about this payment gateway is there are no withdrawal fees.

Air Asia, Lakme India, Myntra, etc., leverage CCAvenue and witness business success. One can integrate CCAvenue with Magento 2 using the extension of Meetanshi’s Magento 2 CCAvenue Payment Gateway.

Feature:

  • Mobile payments
  • Website integration
  • International transaction
  • Allows multiple currency processing
  • Invoice generation
  • Fraud detection system
  • 200+ payment methods
  • 24/7 support
  • Recurring payments

Pros:

  • Fast account activation within one hour
  • Easy integration
  • Allows international transaction
  • Supports more than 200 payment methods
  • 24/7 support
  • High security for fraud detection
  • Zero setup fee
  • Allows recurring payments

Cons:

  • Security is not good.

Transaction Charges:

  • For all types of domestic transactions: 2%
  • International transaction: 3%
  • Credit card EMI option: 2%
  • American Express / Amex Diners Club: 4%
  • Multi-currency options: 4.99%
  • Rupay Debit card: 0.00%

Contact details:

You can contact me from here.

Number: +91 22 67425555 / 42465555

Visit Site

OPEN

Open - best payment gateway india

OPEN payment gateway is among the best payment gateway providers in Asia. The company started in May 2017, and now it has over 3 million customers who use the OPEN platform to manage their business finances, many of which use OPEN Payment Gateway.

With Series D funding, the company became the 100th unicorn in India in May 2022 with over a $1 billion valuation.

The specialty is business banking accounts with seamless activation and easy integration. It also comes with state-of-the-art business finance tools. This payment gateway lets you get a unified dashboard to see real-time transaction data. Small and large businesses and freelancers love OPEN for its easy-to-use capabilities and security.

The payment gateway allows you to accept payment via more than 200+ methods, such as credit & debit cards, net banking, UPI, and popular mobile wallets, including JioMoney, FreeCharge, Airtel Money, etc. We also support various eCommerce platforms for online stores and retail point-of-sale systems such as WooCommerce, Magento, CS-Cart, and OpenCart.

You can manage your marketplace and automate bank transfers. There are also facilities for collecting recurring payments, sharing invoices, making bulk payouts, current accounts, cards, payroll, accounting, payments, virtual accounts, virtual cards, UPI autopay, cash management, Payouts, and availing working capital loans.

Apart from this, OPEN offers APIs to integrate banking services into the platform easily.

Features:

  • 200+ payment modes
  • API-driven automation that requires zero manual intervention
  • Dashboard facility to check real-time data
  • Easy integration
  • Invoice payments
  • Integration with the website for payment
  • 24/7 support
  • Easy mobile integration with SDKs for IOS and Android

Pros:

  • Easy integration with no-code, low-code, DIY capabilities.
  • Fast and secure payments.
  • Credit/debit card, UPI, net banking, and 200+ payment methods.
  • Seamless integration with the brand website for better conversion.
  • Top payment gateway in India with zero setup cost
  • Send Payment links to customers to receive payments
  • Create & send GST-compliant invoices with in-built payment links
  • T+2 days settlement before buying the platform
  • Instant settlement after buying the platform
  • 24/7 support at pg-support@bankopen.co

Cons:

  • The high failure rate in international transaction

Transaction Charges:

  • 1.85% for Indian Credit/Debit cards and net banking.
  • Zero for UPI & RuPay Debit cards.

Contact Details:

Send your queries here.

Visit Site

BillDesk

BillDesk - best payment gateways in india

Billdesk by IndiaIdeas is one of India’s most trusted online payment brands. The company was established in 2000 and specialized in managing recurring payments. Collect bills or consistent payments from your customers using the Billdesk payment gateway.

The payment gateway is trusted by reputed brands like Indian Airlines, Airtel, Vodafone, India Today, Reader’s Digest, and more. You can join these brands in offering excellent payment experience to the customers if you are a Magento 2 store owner by integrating Meetanshi’s Magento 2 Billdesk Payment extension and collecting recurring payments from them.

The Billdesk payment gateway allows customers to pay bills such as telephone, electricity, credit card, ISP, phones, insurance, gas, etc., through their existing bank accounts.

Assure your customer’s security of online payments with Secure Sockets Layer (‘SSL’) technology to encrypt information exchange facilitated by Billdesk.

Features:

  • Secure payment gateway providers
  • Supports recurring payments

Pros:

  • Regular Email reminders for bill payments
  • 24*7 support service

Visit Site

Cashfree

Cashfree - list of payment gateways in india

Cashfree is the cheapest payment gateway in India. That is the main reason for its rising popularity! This payment gateway offers a fast payment service and an instant refund facility.

The company was started in 2015, and now it has more than 15,000 businesses using its service. Cashfree supports credit/debit cards, net banking, and UPI. The facility of receiving international payment is also available. This payment gateway has a solution called “Cashgram”. It generates a web link so businesses can send it to users and collect payment.

Cashfree has big names on its customer list, including BigBasket, Dunzo, Xiaomi, HDFC ERGO, etc. In my opinion, it is the best payment gateway in India with lowest transaction fee.

Features:

  • No setup cost
  • Invoice generation
  • Fraud checking
  • Easy to configure
  • Low transaction fee
  • High security
  • Recurring billing facility
  • Website integration
  • Auto collection of payment
  • Instant refund

Pros:

  • Auto collection of payment
  • Instant refund facility
  • Accepts international payments
  • Allows multi-currency processing
  • Invoice generation
  • Website and application integration

Cons:

  • Cashfree prefers to work with government-registered businesses.

Transaction Charges:

  • Net-banking, Credit and Debit card: 1.75% per transaction for 70+ banks
  • Pay Later and Cardless EMI: 2.5% per transaction
  • International cards: 3.5% + 7 INR per transaction

You can contact Cashfree for more details

Visit Site

Paytm - india payment gateway

Paytm

Paytm is a brand that is synonymous with digital payments. Paytm has a robust business payment gateway along with its widely-used consumer app.

The Paytm Payment Gateway is built on the same technology that powers India’s largest brands and even the Paytm App. The gateway supports all major payment sources, including domestic and international cards, net banking, UPI, Paytm Wallet, and Paytm PostPaid.

The payment gateway is designed so customers of all kinds can easily understand how to make a payment.

Paytm Payment Gateway is the only payment gateway in India that allows acceptance of UPI payments at 0% transaction fees. It is also the only payment gateway that has a T+1 settlement schedule.

Popular companies like Zomato, Uber, Adani, Jio, Swiggy, and thousands of others use the Paytm Payment Gateway. Join these brands in using Paytm, and if you are a Magento store owner, you may check the method to integrate Paytm with Magento and make the most out of the payment gateway.

Feature:

  • Instant activation
  • Easy integration
  • 100+ payment sources
  • Industry-best success rates
  • India’s most widely-used checkout
  • Dedicated support

Pros:

  • Supports all domestic credit and debit cards
  • Excellent user-interface
  • Faster transactions
  • Invoice generation
  • Payments without a website or app through links

Transaction Charges:

Paytm offers various pricing plans, but as Meetanshi’s blog reader or customer, you can avail of the below pricing plan:

  • UPI : 0%
  • Netbanking: 1.80% + GST
  • Paytm Wallet: 1.55% + GST
  • Credit Card: : 1.85% + GST
  • Debit Card: 0.4% + GST for amount < 2000, 0.9% + GST for amount > 2000
  • Debit Card (RuPay): 0%
  • AMEX/International: 2.65%*

Contact Details:

Contact Paytm at channel.sales@paytm.com

Visit Site

Instamojo

Instamojo - list of payment gateways in india

Instamojo is another successful Indian payment gateway company with more than 1 million active customers in India.

This payment gateway has gained popularity because of its easy use and straightforward user interface. Instamojo also offers 100+ payment modes, including. It also allows a recurring billing facility so merchants can accept monthly payments. Integration with websites and mobile integration can also be done.

The best thing about Instamojo is that it takes no charge for NEFT/RTGS and bank transfers. It does not support multi-currency payments.

Shriram Properties, Zepo, Adani Realty, and SpringBoard are three of the top customers of Instamojo.

Feature:

  • Electronic invoice payment
  • Website and application integration
  • Recurring payment
  • Easy Onboarding process
  • Payment analytics
  • Online store
  • 100+ payment modes
  • Live chat facility

Pros:

  • Zero setup fees
  • Allows free digital file hosting
  • Allows sharable payment links
  • Smooth user-interface
  • Ease of website and application integration
  • 100+ payment modes

Cons:

  • Does not support multi-currency payment.
  • The live chat feature needs improvement.

Transaction charges:

  • NEFT/RTGS/Bank Transfer: FREE
  • Debit and Credit cards: 2% + 3 INR per transaction
  • International credit cards: Available on request
  • Digital products and files: 2% + 3 INR per transaction

Company contact:

Contact: support@instamojo.com

Visit Site

MobiKwik

Mobikwik - payment gateway list in india

MobiKwik is also one of the fastest-growing payment gateways in India. More than 1.5 million businesses are using this payment gateway for online transactions as of 2016.

This payment gateway focuses more on providing a smooth mobile-friendly experience. It has a feature that detects OTP(Time Password) automatically. The payment gateway also shows website analytics.

MobiKwik supports credit and debit cards, wallets, international cards, UPI, and EMIs. It can be integrated with websites and applications. It does not support recurring billing features.

Zomato, Uber, and Business World are famous customers of MobiKwik.

Feature:

  • Website and mobile payment
  • Saves card
  • Auto read OTP
  • Supports credit and debit cards, wallets, international cards, UPI and EMIs
  • Website analytics
  • Advanced security

Pros:

  • Multiple payment options
  • Mobile friendly user-interface and user-experience
  • Good conversion rate
  • Supports international transaction
  • Website analytics to check data

Cons:

  • Does not have a recurring billing facility
  • Does not have a multicurrency processing facility
  • Does not generate an invoice for payment

Transaction Charges:

  • Credit card, debit card, net banking, UPI, Wallets(GST Extra): 1.90% per transaction
  • International credit card, EMI, AMEX, Diners(GST Extra): 2.90% per transaction

Contact details:

You can contact me from here.

Visit Site

Other Popular Payment Gateway Companies in India:

JusPay

Juspay - payment gateway companies in india

JustPay payment gateway is one of India’s most trusted payment gateways, with 10 Billion INR transactions processed daily, 120 Million mobile devices SDK installation, and 4 million transaction volume processed daily!

This payment gateway’s impressive part is that it’s famous and used among an excellent customer base composed of BMS, Amazon, Flipkart, MakeMyTrip, and Myntra. The list does not stop here. Freecharge, Snapdeal, Airtel, Foodpanda, Swiggy, Zoomcar, Voonik, and Zivame also use this payment gateway.

Moreover, this flexible & modular payment gateway offers domain-specific languages and function-reactive programming for composable, robust abstractions.

100% customization ability and more than 5 million daily volumes are other great things about this payment gateway, and it’s one of the most convenient, secure and affordable options for online payments.

To integrate this payment gateway with Magento 2, you may choose Magento 2 JusPay Payment Gateway, which accepts secure online payments with the integration of Magento 2 and JusPay payment gateway. The hosted payment processing ensures security in Magento 2 stores.

Features:

  • Mobile & desktop checkout layer
  • Automated 2FA
  • Real-time payment ops

Pros:

  • Cross-platform
  • Best full-stack UPI merchant solution

Cons:

  • Basic dashboard

Visit Site

Axis

Axis Bank indian payment gateway

The Axis payment gateway by Axis bank is one of the robust payment gateways in India that helps enhance your online store’s payment system.

Collect payments from customers around the clock and improve their experience with your business. Collect the payments in all local and international Visa, MasterCard and maestro cards.

If you are a Magento 2 store owner and want to accept payments via Axis bank payment gateway with 128-bit security and two-factor authentication, you may opt for Magento 2 Axis Bank Payment Gateway extension. It integrates the Axis bank payment gateway with Magento 2 stores.

Win customers’ trust with a secure online payment system offered by Axis bank’s payment gateway.

Features:

  • Payment authorization by the issuing bank
  • Encrypted transaction processing
  • 3D secure

Pros:

  • 24*7 support
  • Robust transaction process

Visit Site

ICICI

ICICI india best payment gateway

ICICI Merchant services are the alliance between ICICI bank and First Data, the largest private sector bank in India and leading payment technology provider worldwide.

Offer credit and debit payment solutions to your customers with the ICICI payment gateway. The online payments are captured with encryption, so security is not compromised.

Features:

  • Multi-bank EMI

Pros:

  • A seamless user experience

Cons:

  • No mobile application

Visit Site

How to Choose the Best Payment Gateways in India:

Safety and Security
The payment gateway should have a safe environment while making payments. Ecommerce giants like Amazon India and Flipkart always focus on providing the best shopping experience. That is why safety is essential. You should choose a payment gateway that offers amazing safety for your customers.

Responsiveness
Mobile users have been increasing rapidly, and if the payment gateway is not mobile-friendly, the chances of losing customers are extremely high. Make sure you choose a payment gateway that is mobile-responsive.

Bank Settlement Time:
Whenever you search for payment gateways, check the settlement time. Some payment gateways take 5-6 days for settlement. The settlement time should be less than 3 days.

Integration Process:
As a business owner, your focus should be on business, not integrating the payment gateway. If a particular payment gateway takes too much time for integration, you should avoid and choose the one that takes less time.

24 hours a day customer support:
Good customer support is essential to have. If you find any problem with the service, there should be a quick problem-solving approach of a payment gateway provider.

Offers partial payment
If you are a business offering high-value products, partial payment features can help you stand out among the competitors; for Magento 2 store owners, using Magento 2 Partial Payment extension solves the issue. Selecting a payment gateway that facilitates partial payment is important for high-value goods.

Easy onboarding process – Choose a payment gateway that is easy to install, integrate and configure in your online store. The easy onboarding process makes your task easier to start collecting secure payments! Likewise in Magento 2 you can also integrate Quicbooks Online for effortlessly tracking payments and invoices.

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