India is a global leader in terms of digital payments, with a rapid growth of 48.6 billion transactions a year. Online businesses can use payment gateways to accept online payments on their website/app, which acts as an intermediary between the customer and the bank. UPI statistics reveal a significant surge in digital payments, with over 18.3 billion transactions and highlighting its dominance in India’s payment ecosystem.
There are many payment gateway options available in the market and choosing one from them could be challenging.
Therefore, we list the top Indian payment gateways here, along with their supported payment methods, pricing, and integration options.
We have picked these options from the RBI-approved list of payment processors and aggregators in India.
But first, the basics.
What is a Payment Gateway?
A payment gateway is a digital service that allows merchants to collect payment from customers via various payment methods.
It acts like a secure bridge to process payments using credit/debit cards, UPI, wallets, and other payment methods.
Typically, these payment gateways charge a fee every time a transaction is made.
Things to Look for in an Indian Payment Gateway
When choosing a payment platform for your Indian business focus on the following key elements:
RBI Approval
Make sure the payment gateway you choose is approved by RBI and assembled with its guidelines. This approval makes sure the payment gateway has a secure and trustworthy transactional environment.
The RBI has established strict regulations for payment gateway in India providing reliability and security. This regulation plays a key role in shaping India’s digital landscape, featuring transaction speed, and multi-currency support.
You can check the list of RBI-approved payment gateway solutions.
Supported Payment Methods
You should choose a payment gateway provider that supports payment methods suitable for your business. E.g., UPI, credit/debit cards, and mobile wallets are popular payment options for retail stores in India.
If you’re a wholesale or a B2b business, you may also need options like Net Banking.
Transaction Fees
Understand the transaction fees associated with payment gateways. Look for transparency in the pricing structure, transaction volume, and competitive prices to minimize your expense.
The specific rate can differ according to the following factors:
- Payment method
- Transaction volume
- Setup fees
- Monthly maintenance
Integration Capabilities
Choose a payment solution that can be easily integrated with your existing tech stack. For e.g., If you’re a Magento store owner, check out our list of top payment gateways for Magento.
If dedicated integration is not available, look for a solution that offers custom integration.
Security Features
PCI DSS compliance is a must for a payment gateway. You should also look for solutions that offer two-factor authentication and fraud detection and prevention mechanisms.
Top Indian Payment Gateways
Here’s the list of the best RBI-approved payment gateway solutions, along with their payment methods, pricing, and other details:
| Indian Payment Gateways Comparison | |||
| Payment Gateway Provider | Payment Methods | Transaction Fees | Settlement Time |
| Razorpay | Debit/Credit CardsUPINet BankingDigital Wallets | 2% to 3% transaction fee | T+2 working days (domestic)T+3 working days (international) |
| PayGlocal | Debit/Credit CardsUPINet BankingPayment Link/ButtonWallet | 2% to 3.5% transaction fee | T+2 working daysT+3 to T+5 working days (international) |
| Cashfree | Debit/Credit CardsUPINet Banking | 1.95% to 2.95% transaction fee | Instant to same-day settlements |
| PayU | CardsWalletsNet Banking | 2% to 3% transaction fee | Same-day to T+2 working days |
| Amazon Pay | Debit/Credit CardNet BankingUPIAmazon Pay Balance | Based on transaction | T+3 to T+5 working days |
| Billdesk | CardsUPIEnachNet Banking | Contact: [email protected] | T+3 to T+5 working days |
| CCAvenue | CardsUPINet BankingPrepaid Instrument | 2% to 4.99% transaction fee | T+2 to T+3 working days |
| JioPay | CardsUPINet BankingJiomoneyPay Later | No transaction fees | Same-day to T+3 working days |
| Open | Cards UPI Net BankingRTGSINEFT | platform fee 1.80% – 2%. | T+2 working days |
| Zoho Payments | Credit/Debit CardUPINet BankingAch Direct Debit | 0% to 2.75% transaction fee | Same-day to T+2 working days |
| HDFC SmartGateway | Credit/Debit CardUPINet BankingEMI | Credit, Debit & prepaid card transactions – Based on the pricing planInternational & Commercial card transactions – 2.75% | Same-day to T+3 working days |
1. Razorpay
Razorpay is one of the top payment gateway with the lowest transaction charges
choices by Indian businesses. It’s suitable for all types of businesses, including small businesses, large enterprises, and even freelancers. This Indian-origin payment gateway of offers a transparent pricing structure, including no setup or maintenance fees.
The payment solution provider also helps businesses settle payments and transfer funds securely. It has become one of the most popular payment gateways in India, serving over 8 million businesses.
Razorpay is approved by the RBI to operate as a payment aggregator for both domestic and international payments.
Supported payment methods:
- Debit/Credit Cards (Domestic and International)
- UPI
- Net banking
- EMI
- Wallet
- Pay later
Transaction fees:
- 2% +GST for domestic transaction
- 3% +GST for international transaction
Native integrations available for:
- Magento
- WooCommerce
- Shopify
- BigCommerce
- Wix
2. PayGlocal
PayGlocal is an international payment gateway of Indian origin, founded in 2021. It supports cross-border payments, end-to-end payment processing, transaction risk management, recurrence payment, and multi-currency accounts for merchants selling across India.
This payment gateway provides reporting analytics tools to track transactions and payment trends.
PayGlocal Technologies Private Limited has received RBI approval to operate as a payment aggregator.
Supported payment methods:
- Credit/Debit Cards
- UPI
- Net banking
- EMI
- Wallet
- Payment Link/Button
Transaction fees:
- 2% +GST for domestic transactions
- 3.5% +GST for international transactions
- 1% +GST for multi-currency transactions
Native integrations available for:
- Magento
- WooCommerce
- Shopify
- Wix
- OpenCart
3. Cashfree
Cashfree Payments is the cheapest payment gateway in India with fast payment processing, minimal transaction fees, and zero setup fees, making it the most affordable platform for online transactions.
This platform offers features like split payment, API banking, payment gateway, and instant refunds, which are trusted by 8,00,000+ businesses.
Cashfree Payments India Private Limited is approved by RBI to operate as a Payment Aggregator, Prepaid Payment Instrument, and Payment Aggregator-Cross Border (PA-CB).
Supported payment methods:
- Credit/Debit Cards
- UPI
- Net banking
- EMI
- Wallet
- Pay later
Transaction fees:
- 1.95% +GST for domestic transaction
- 2.95% +GST for international transaction
Native integrations available for:
- Shopify
- Wix
- WooCommerce
4. PayU
PayU is the ultimate payment gateway with a strong presence in the Indian market, and also in other countries. It allows merchants to accept payments on web and mobile apps.
This leading payment gateway serves over 5,00,000 businesses in India with the highest success rate. Plus, it allows merchants to make bulk payouts to accounts, including employee salaries and vendor payments.
PayU Payments Private Limited is RBI-approved to operate as a Payment Aggregator.
Supported payment methods:
- Credit/Debit Cards
- EMI
- BNLP
- Wallets
- Net Banking
Transaction fees:
- 2% +GST for domestic transaction
- 3% +GST for international transaction
Native integrations available for:
- Magento
- WooCommerce
- Shopify
- Wix
- OpenCart
- BigCommerce
5. Amazon Pay
Amazon Pay is one of the best UPI payment gateways in India, as it supports payment methods linked to a customer’s Amazon account.
Using Amazon Pay, you can make your checkout process faster since the customers only need to add their Amazon Pay details and complete their transactions without any complications.
Amazon Pay has received multiple licenses from the RBI to operate as a Payment Aggregator license, a cross-border payment license, and a Prepaid payment instruments license.
Supported payment methods:
- Debit/Credit card
- Net Banking
- UPI
- Amazon Pay Balance
Transaction fees:
- Domestic processing fee – 2.9%
- Cross-border processing fee – 3.9%
Native integrations available for:
- Magento
- Shopify
- BigCommerce
6. BillDesk
BillDesk is a leading payment gateway offering secure and smooth transactions between merchants and individuals with solutions like biller networks and recurring payment options.
This payment gateway is filled with robust features like high security, a full-stack platform for billers, agents, and Bharat Bill Payment Operating Units, and it facilitates bill presentation and payment management.
Billdesk is approved by the RBI to operate as a cross-border payment aggregator.
Supported payment methods:
- Cards (Domestic and International)
- EMI
- UPI
- Wallets
- Net Banking
- eNACH
Transaction fees:
- Contact: [email protected]
Native integrations available for:
- Magento
- Shopify
- WooCommerce
- WordPress
- OpenCart
7. CCAvenue
CCAvenue is a well-known and the most used payment gateway service provider in India that provides a secure link between websites, acquiring banks, and payment gateway providers. It’s a popular option for Indian businesses, prioritizing security and serving SMEs (Small and medium-sized enterprises).
The platform has served nearly 3 million merchants across industries.
Infibeam Avenues Limited, the parent company of CCAvenue, has received approval from RBI for a Payment Aggregator.
Supported payment methods:
- Cards (Domestic and International)
- UPI
- Net banking
- EMI
- Wallet
Transaction fees:
- 2% +GST for domestic transaction
- 4% +GST for international transaction
Native integrations available for:
- PowerStores
- BigCommerce
- Zencommerce
- Net My Store
- BuildaBazaar
8. JioPay Business
JioPay recently launched and became well-liked in a short period of time. It helps you as a merchant to collect payments in the safest, smartest, and quickest way possible.
The JioBusiness Payment gateway comes with 100+ payment methods for customers to complete the payment in the way they desire. Jio Payment Solutions Limited has received approval from RBI to operate as a Payment Aggregator in India.
Supported payment methods:
- Cards (Domestic and International)
- UPI
- Net banking
- EMI
- Pay later
- Wallet
Transaction fees:
- JioPay does not charge any transaction fees
9. Open
Open is an all-in-one solution for banking, payment, and accounting for businesses of all sizes. The platform has transformed 3.5 million businesses to manage their finance in partnership with national and international banks.
You can use this Indian payment gateway solution to streamline business payments, automate cash flow, and finance with Open. Businesses can connect their current accounts to pay vendors, receive payments, and reconcile transactions with ease. It also offers built-in tools for GST invoicing, payment links for collecting online payments, and the ability to track account payables and receivables.
Open Financial Technologies Private Limited is a Payment Aggregator and service provider approved by RBI.
Supported payment methods:
- Cards (Domestic and International)
- UPI
- Net banking
- RTGSI
- NEFT
Transaction fees: Based on the pricing plan you pick, you need to pay a platform fee of 1.80% – 2%.
10. Zoho Payments
Zoho Payments is a secure and reliable payment gateway that enables businesses to accept payments from customers.
The payment solution has robust security features, along with SSL-encrypted data and two-factor authentication. It’s suitable for businesses using the Zoho ecosystem.
Zoho received RBI approval in 2024 to operate as a Payment Aggregator to handle the entire payment process and Payment Card Industry Data Security Standards (PCI-DSS) to ensure secure transactions.
Supported payment methods:
- Cards (Domestic and International)
- Net Banking
- UPI
Transaction fees:
- 0% to 2.75% +GST per transaction
11. HDFC SmartGATEWAY
HDFC SmartGATEWAY bridges a gap between business websites or customers and banks that process online payments. It facilitates seamless funds transfer between the merchant and the customer through a secured process.
A pre-built, scalable payment page with a user-friendly interface is available for merchants and can collect payments from customers via a payment link. The transaction is secured using Secure Sockets Layer (SSL) and Transport Layer Security (TLS).
HDFC SmartGATEWAY complies with RBI guidelines, focusing on security, fraud prevention, and efficient transaction processing.
Supported payment methods:
- Cards (Domestic and International)
- Net Banking
- UPI
- RTGS
- NEFT
- IMPS
Transaction fees:
- Credit, Debit & prepaid card transactions – Based on the pricing plan
- International & Commercial card transactions – 2.75%
Top Payment Gateways by Market Share in India
In the Indian payment gateway market, Razorpay, PayU, CCAvenue, and Instamojo are among the top platforms for online payment transactions worldwide.
These platforms have a significant market share in the payment landscape. The Indian payment gateway market is expected to continue to grow, with significant expansion predicted in the coming years.
FAQs on Indian Payment Gateways
How to Check if a Payment Gateway is Approved by RBI?
Check the official website of RBI, specifically the “Guidelines on Regulation of Payment Aggregators and Payment Gateways” to find the list. Another way is to look for an approval number or RBI license on the “About Us” page.
Which is the Cheapest Payment Gateway in India?
Cashfree is considered cost-effective in India, offering competitive prices.
Which Payment Gateway is Used by Amazon India?
Amazon India uses its own-house payment process, Amazon Pay, which supports multiple modes like credit/debit cards, digital Wallets, and UPI.
Which Payment Gateway is Best in India for Shopify?
Razorpay and Cashfree are the perfect fit for Shopify due to their robust integration, payment options, and extensive focus on the Indian market.
Can I Use Payment Gateway without GST in India?
Yes, you can use a payment gateway without GST registration in India if your business turnover is below the limit of 20 lakh rupees per annum.
Final Take on the Best Payment Gateway in India
Choose the best payment gateways in India that align with your business needs, budget, and transaction volume.
The payment process is something very important to consider as it is the final step in the purchasing journey and directly impacts the shopping experience.
Ultimately, the right payment gateway should offer a balance of low cost, high success rate, quick settlements, and seamless user experience to enhance your business growth transaction.
