Top 5 payment gateway companies in India in 2024

Payment gateways are vital for enabling businesses to accept payments via digital channels. This technology facilitates the secure transmission of financial data among relevant parties, enabling the authorization of payments and the transfer of funds from customers to merchants. A payment gateway is a technology provided by a third party that ensures the secure transfer of money from the customer’s bank account to the merchant’s payment portal. If you are looking for a payment gateway company for your business, look no more! Here are the top five payment gateway platforms to consider in 2024.

Cashfree Payments
Cashfree Payments is a reliable payment gateway that can manage online, mobile and offline payments. Cashfree Payments is built to handle the unique payment needs of your business. With Cashfree Payments, you can collect online payments on your website or app, across multiple channels, effortlessly. You can automate recurring payments and reduce subscription churn by offering your customers subscription plans and auto-charge future payments – periodic or on-demand, with one-time authentication, with Cashfree Payments. You can also pay vendors, make customer refunds, disburse employee salaries and more with Cashfree Payments’s APIs which are customisable, enabling you to build your unique payment flow, the way your business truly needs it.

Easebuzz
Easebuzz is a software enabled payments platform that is helping small businesses to digitise payments without worrying about their business process problems. Early-stage growth companies face complex business scenarios as they grow and end up with high-cost centers for solving such issues with banks or other financial institutions. Easebuzz helps you with smart APIs and cost-effective solutions all at 1 single place. You can digitise your online payments and financial operations by easily integrating plug-and-play, developer-friendly APIs into your own tech stack, website, apps, ERPs and CRMs. Also, Easebuzz helps you to manage online payment collections, vendor payouts and financial operations.

Razorpay
Razorpay is India’s first full-stack financial solutions company. It allows a fast checkout facility by enabling customers to save their card details which can be used for subsequent payments across the Razorpay network. Merchants can accept payments from all major credit and debit card networks like Mastercard, Visa, American Express and RuPay. It has become the first payment gateway to support credit cards on UPI. While its primary service is a payment gateway, it offers various business-oriented products alongside, including developer-friendly APIs, straightforward integration solutions, payroll, business banking and more.

CCAvenue
A payment gateway service provider that offers simple, secure, and validated Internet payments via a complete range of online payment solutions for businesses. It provides multilingual checkout pages in 18 major Indian and International languages and engages consumers who prefer content in their native languages to give the seller a wider global reach. Merchants can accept payments through credit or debit cards, Net Banking, digital wallets, mobile payments, etc. It provides maximum payment options, including six credit cards, 58+ net banking, 97+ debit cards, 13 prepaid instruments, and EMIs.

PayU
PayU is one of the best payment gateways that offer the industry-best success rates while ensuring a seamless checkout experience. PayU is a one-stop shop for hassle-free, global online payments. It has developed a safe and secure ecosystem that allows individuals and businesses to make or receive payments via technology-enabled innovations like integration with WhatsApp and real-time reporting and analysis. Accepting over 150 payment methods, you can create invoices, make instant settlements, access working capital solutions, and gain valuable business insights—all within a single, intuitive platform. With the PayU payment gateway, customers’ money is safe and secure as it is PCI-DSS compliant. Merchants can Cater for every customer with 150+ payment options across credit cards, debit cards, net banking, EMIs, UPI, & Wallets.