Best Payment Gateway In India

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Are you the one considering expanding your business? Well, then, resorting to digitization is the only way. As per recent data, the payment gateway service market is expected to grow by 12% between 2021 and 2026. So, it is best to brace this technology. 
Various aspects further fuel this rapidly digitized way of paying. A few are increased usage of smartphones and the government’s push towards digital payment. Also, the recent development of an international relationship with India inspired people to develop a worldwide business. 

According to the statistics, almost 91% of Indian people prefer online payment. Thus, this proves the ease of access to online payment gateway services. Also, as more Indians use mobile payments, the adoption rate and high-speed internet accessibility are getting fueled. 

In a nutshell, the statistics of payment gateway services indeed paint a picture of the Indian market. Whether opening a small or medium-scale business, it is best to adopt the norms of the best payment gateway in India. 

What Are Payment Gateways? 

One of the most significant reasons companies seek assistance from online payment providers is that a business can make sales available worldwide. As a budding merchant selling your products and services online, make your business available to many more than your native consumers. You will be glad to know that approximately 56% of online shopping enthusiasts cross the border. Keep reading to learn the processes of payment gateways through pointers. 

  • To initiate the payment, provide the card details, the name CVV, and other information. 
  • Then, the payment gateway typically encrypts the data and performs the fraud check. 
  • After that, the acquirer securely sends the information to the card schemes, which carry another layer of fraud checks. At the end of this process, the message is sent to the issuer for further authorization for the payment. 
  • Once the necessary authorization is given, the issuer will initiate the payment. During this process, the information provided about the cardholder gets validation from the bank. 
  • The acquirer also passes the information back to the payment gateway, redirecting the customer with a message containing the payment link. 

Thus, one of the significant benefits of online payment gateways is the ability to boost sales capacity to eager and globally interested audiences. What more do you want?

Factors To Consider When Choosing Your Payment Gateway Provider

As online purchasers increase daily, understanding the right payment gateway is becoming crucial. The above data sums up why digital commerce has become prominent since 2019. It also explains the reasons behind considering a few facts before hiring the payment gateway services. 

Thus, prior to giving your business a digital structure, the most important thing to do is select a payment gateway that works with your business plan and, most definitely, your budget. Knowing a few tips for choosing the right payment gateway may help. 

The Security

The very motivation behind why the vast majority of organizations depend on payment gateway is the assurance of security. Thus, before hiring the service, you must be sure about the security you can get from the chosen payment gateway services. 

Supports Multiple Payment Mode 

The effortless process of making and receiving payment makes it really easy. However, there is a need to be sure whether or not the payment gateway is reliable and suits various payment modes. See whether or not the payment gateway services support debit, credit, and other Indian online payment services. 

The Payment Gateway Is Easy

The payment gateway service is an effortless way to pay and receive payments. As per the tragedy, more than 40% of the people immediately cancel the payment if the procedure Is tedious and tricky. The web portals are effortless to use; thus, customers do not get impulsive while paying for an e-commerce site. 

Short Payouts 

You must know that security is one of the top benefits of payment gateways. But you need to be sure about the short payouts as well. Make a note of the policies that each payment gateway provider has indicated about returning your money. While certain payment gateways do not require reserves, the average payment gateway will take several weeks to a month to process your payment. 

Even if risk assessment is the key factor in payment gateway reserves, it's important to constantly be clear about the terms and the window of time that will allow you to retrieve your money. You would be happy to know that the best payment gateway in India comes with the requisite payout time, which helps ensure the transaction's security. 

Easy and Secure payment

Payment gateways verify the payment information provided by clients, guarding against fraud and unauthorized access to private financial data. So, you must be sure about security before employing a service. 

Authorization of transaction

Payment gateways authorize transactions, ensuring data quality and integrity while quickly transferring payment to your account. So, checking the authorization and the process is a necessity. 

Recurring Payment Capacities

In the case of SaaS businesses or subscriptions, accepting the customer’s or client’s payment at certain intervals is consequently a recurring requirement. While subscription payment was feasible through cheque or cash in the past, in today’s world, just a few customers consider online payment options when placing orders for online products. 

A reliable payment gateway benefit is the automation potential that can bring subscription markets to attention. Also, budding businesses can enable recurring billing features via the relevant partners, which can transform into less-needed actions to accept online payment!

A Few Payment Gateway Services in India 

Are you trying to find Indian payment gateways? Are you unsure about the top payment gateways available in India? For a better online shopping experience, you might wish to incorporate safe payment gateway choices into your Magento, WooCommerce, Shopify, or Prestashop sites. Knowing a few payment gateway services in India will help you navigate the business better. 

However, spotting the best payment gateway services in India can be tricky. One must be well-prophesied about the Indian economy to understand the facts and the differences. A few prominent payment gateway services in India are discussed below in detail. 

  1. Razorpay
  2. Payu
  3. PayGlobal
  4. Nimbbl 
  5. Cashfree
  6. Mobikwik
  7. Paytm
  8. Justpay 


One of the leading payment gateway providers in India is Razorpay. Since its establishment in 2014, the business has served over 800K clients using the Razorpay payment gateway. In October 2020, the company reached unicorn status in India, valued at over $1 billion. The finance startup based in Bangalore has raised over $200 million in capital.

Razorpay specializes in simple integration and quick activation. Utilizing this payment gateway also grants you access to a dashboard with real-time purchase statistics. Large and small businesses, independent contractors, and self-employed people have all embraced Razorpay because it is safe and effortless to use.

You need to know that this payment gateway allows payment in various methods, such as net banking, UPI, Freecharge, etc. In a nutshell, it is a typical design of the Indian economy.  

In addition, Razorpay provides the Razorpay Route API to control money flow and divide incoming payments across partners or individual accounts. To manage marketplace money flow, integrate the Razorpay Route API with Magento 2 using the Magento 2 Razorpay Route extension.


Keep in mind that these fees could change depending on the particular use cases and company needs. Please visit their official website or contact their sales team for any additional queries or assistance. However, Razor Pay charges a 2% transaction fee for any domestic currency transaction. For International transactions, they charge about 3.45% per transaction. 


  • Easy integration allows the user to go live without any hassle 
  • Secure payments that allow multiple mode of payment such as credit card, debit card UPI, and much more. 
  • Comparatively fewer conversion charges 
  • Real-time currency conversion


  • Higher rate of failure for international transactions. 




One of the largest payment gateway aggregators in India is PayU India. It is supported by Prosus, one of the biggest technology investors in the world, and is a member of the Naspers group. Thanks to direct interfaces with practically all major institutions and networks, it has the highest coverage in the business. PayU is the payment partner of choice for more than 5 lakh Indian enterprises, including well-known retailers like Amazon, Zomato, and so on. PayU is a platform that seamlessly proceeds the transaction along with other merchant payment services. 

It just takes a few minutes to integrate and begin using PayU's payment options. Also, you need to know that onboarding is entirely digital. With an intuitive dashboard, merchants can monitor and control all payouts, settlements, invoices, and payments from one convenient spot. PayU's payment solutions can be used by companies of all sizes and types, from SMBs and startups to major corporations, to expand their operations.


PayU offers the perfect solution for easy payment processing, regardless of the business's size. They have several options, such as the Business Premium Plan, which offers developer help for integration, and the Business Plus Plan, which comes with a dedicated account manager. You will be charged 2% per domestic transaction plus an additional 18% GST. The charges are 3% for international transactions, while the GST is the same. Also, the services offer customizable payments for commercial transactions exceeding 10 lakh. 


  • Easy integration with a comprehensive user interface for the user.
  • Fraud protection that ensures site safety and secure payment processing 
  • Allows the native OTP payment. 
  • Recurring payment allows the user to plan a periodic payment as per the desire. 


  • Users didn’t give any negative comments so far.



In India, PayGlocal is one of the most well-known payment gateways worldwide. It is a platform for quick, safe, and international payment processing. The payment gateway might be a wise decision for your company as it provides the highest level of security for online transactions. It makes it easier to take payments from clients worldwide and contributes to your company's rapid growth.

PayGlobal is a new payment gateway compared to others you usually find in India, but that doesn’t make it any less. The app offers seamless performance and high-end security. It also supports international currency payments. The company offers a chargeback that guarantees the security of any fraudulent activity. 


PayGlobal charges as much as 2.25% per transaction plus 18% GST. Services also charge a conversion fee on each international transaction. 


  • Allows payment in native currency so that local businesses can benefit from this payment gateway service. 
  • Provides updated fraud protection 
  • It comes with a smooth checkout experience
  • Provides 24/7 support 
  • International, along with the easy and lower rate of conversion, makes it more reliable. 
  • Comes with multiple currency payment options.


  • Takes much time to calculate the conversion fee. 



A rapidly expanding online payments company, Nimbbl enables customers to make payments without having to go through many processes. With their easy one-click checkout, you can eliminate pointless stages from the payment process and give your customers an extremely quick experience. With only one integration, you can effortlessly access the leading payment gateway providers, including ICICI, Payglocal, HDFC, Plural, PayU, Cashfree, CCAvenue, Paytm, Razorpay, and many more. 

Apart from the ease of access that allows you to eliminate non-required processes, you get other options, too. You can get a few features like buy now and pay later using debit and credit. It is not for nothing that big; notable brands use the services of Nimbbl. 


Nimbbl's goal is to offer clear payment gateway aggregator processing fees with several suppliers with no setup or additional costs. Of course, there are a few charges for Indian debit and credit cards, which are 2% and 3% for international and EMI cards. 


  • One-click checkout based on eligibility
  • Easy switchover with multiple payment gateway options. 
  • Single dashboard payment


  • Halts during international payment. 


In India, Cashfree is the most affordable payment channel. That is the primary cause of its growing appeal! This payment gateway provides an immediate refund and quick payment options.

The Journey of Cashfree began in 2015, and since then, the company has catered to more than 15,000 businesses. Cashfree is genuinely Indian in that it supports debit and credit card options, UPI, and net banking. You can also use Cashfree to make and receive international payments. This payment gateway service uses a solution called Cashgram that typically generates a web link. This allows the business to send messages containing the payment link. 


Cashfree provides a clear price structure without any additional costs. There are no startup fees; you have to pay for completed purchases. They also offer paperless, same-day onboarding and real-time transaction fee reporting. You will also be charged 1.90% per transaction while making domestic payments, while 2.5% per international transaction will be charged. 


  • Automatic collection of payment 
  • The facility of instant fund
  • Allows multiple currency processing 
  • Generation of invoice’
  • Integration of website application


  • Cashfree prefers transactions with only government-registered businesses. 


The Paytm Payment Gateway is powered by the same technology as the Paytm App and some of the biggest companies in India. The gateway supports all popular payment methods, including net banking, UPI, Paytm Wallet, Paytm PostPaid, and local and international credit and debit cards.

The popularity of Paytm is unmatched by any payment gateway in India. From movie theatres to popular applications, all promote the Paytm application. Thanks to the ease of access and the sheer reliability you get from the app. Also, you need to know that the Paytm gateway in India accepts UPI payments with no transaction fees. It is the Paytm Payment Gateway. Furthermore, the T+1 settlement schedule makes it the only payment gateway available. Ease of Navigation 


The transaction charges of Paytm are clear. A few charges are 

  • UPI-0%
  • Netbankig-1.80%
  • Credit Cards-1.85%GST
  • AMEX/International-2.65%



  • A dedicated support that can troubleshoot issues at the hour.  
  • Ease of integration allows the user to make easy and frequent payments and receiving of money. 
  • The most widely used in India. 
  • Superfast interface
  • Easy generation of Invoice
  • Supports payment without a website or other app through the links. 


  • Even after being the most widely used payment gateway service, RBI has passed to cease the operation from March 15th, 2024.


MobiKwik is among the payment gateways with the quickest rate of growth in India. As of 2016, this gateway was used by over 1.5 million firms for online purchases. Mobikwik is known for creating a superfast, mobile-friendly interface. It also produces a one-time password to enable a protected payment interface. 

MobiKwik supports credit and debit cards, wallets, foreign cards, UPIs, and EMIs. It can also integrate with websites and apps. However, features involving recurring billing are not supported.


It's always a good idea to check the official MobiKwik website for the most up-to-date information, as these fees and policies are subject to change. However, a basic 1.90% will be charged to credit cards, debit cards, and net banking UPIs. For International transactions, you will charged 2.90%. 


  • Comes with multiple payment options. 
  • Comparatively fewer conversion fees
  • Easy and safer than the physical wallet. 


  • Comes with a recurring billing facility
  • Doesn’t support multicurrency facility 
  • Never generates Invoice. 


Yet another notable payment gateway service in India is Justpay. This service records as many as 10 billion INR transactions daily, which is impressive. Hence, almost all e-commerce sites in India employ the service. From Amazon to Flipkat, all notable sites use the service. 

Additionally, function-reactive programming and domain-specific languages are available for composable, robust abstractions with this versatile and modular payment gateway. Both mobile and desktop are user-friendly

You may opt to link Magento 2 with the JusPay payment gateway to accept safe online payments. This will allow you to integrate this payment gateway with Magento 2. Hosted payment processing guarantees Magento 2 store security.


Justpay comes with a minimal 2% charge on debit and credit cards, net banking, and UPI. However, for international transactions and cards, you will be charged 3%. 


  • Comes with an automated 2FA support 
  • Provides real-time payment options. 
  • Allows cross-platform payment
  • Comes with the best full-stack UPI solution. 


  • The basic dashboard is the only downside of Justpay.

Ways To Find the Right Payment Gateway Services 

Irrespective of the type, any business that takes part in an online transaction must be well-equipped with a proper payment gateway service. Investing time to do detailed research before making any final deal is always suggested. There are so many aspects that you may need to find and scrutinize. However, in a nutshell, a few below-mentioned aspects you must expect from a reputed payment gateway. 

You also need to do detailed research about the company, especially about its type. Understanding the company will help you make effective decisions about the payment gateway services you require. You also need to understand the client profile and the kind of products that your business deals with. For example, if you deal with a small-scale business, a generic payment gateway service may help. Taking a deep look into the client profile is equally important as it effectively decides the mode of payment that you can rely on. 

These are a few ways to choose the right payment gateway services for your business securely. It is also wise to take suggestions from a professional. Only a professional can assess the industry and further craft the decision regarding the right payment gateway services. 

Selecting the appropriate payment gateway is a crucial choice that can significantly impact your company's success. You may make an informed decision that supports your company's objectives and demands by considering essential criteria like cost, security, integration, customer support, and other factors.

The conclusion 

If you are looking for the best payment gateway in India, you might need to know the app's features well before finally using it. Various payment gateway portals operate with almost all payment options. All you need to do is to do detailed research before using it. Different payment gateway options are available; you will need to understand your requirements before hiring the service. You need to know that a reputed payment gateway provider in India will be able to provide a reliable option. The service will offer significant access to debit or credit cards and other cross-platform options. 

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