|

RBI Approved – Payment Gateways in India in 2023

Best Payment Gateways in India in 2023
2023's Best Payment Gateways in India: Streamlining Online Transactions for Businesses.

Payment gateways are essential for any online business that wants to accept payments from customers. They provide a secure and convenient way for customers to pay for goods and services online, and they can also help businesses to improve their checkout conversion rates.

There are many different payment gateways available in India, and each one has its own unique features and benefits. When choosing a payment gateway for your business, it is important to consider your specific needs and requirements, such as the types of payments you want to accept, the countries you want to serve, and the fees and charges associated with the gateway.

Here is a list of the best payment gateways in India in 2023:

1. PayU

PayU is one of the most popular and trusted payment gateways in India. It offers a wide range of payment methods, including credit cards, debit cards, net banking, UPI, and wallets. PayU is also used by many large businesses in India, such as Amazon, Flipkart, and Myntra.

Website: https://www.payu.in/

Contact details: +91 124 422 5555

2. Razorpay

Razorpay is another popular payment gateway in India. It is known for its ease of use and its wide range of features. Razorpay also offers a variety of payment methods, including credit cards, debit cards, net banking, UPI, and wallets.

Website: https://razorpay.com/

Contact details: +91 888 222 3585

3. Cashfree

Cashfree is a relatively new payment gateway in India, but it has quickly gained popularity due to its competitive pricing and its wide range of features. Cashfree offers a variety of payment methods, including credit cards, debit cards, net banking, UPI, and wallets.

Website: https://www.cashfree.com/

Contact details: +91 80 4666 2222

4. CCAvenue

CCAvenue is one of the oldest and most well-established payment gateways in India. It is known for its reliability and its wide range of features. CCAvenue offers a variety of payment methods, including credit cards, debit cards, net banking, UPI, and wallets.

Website: https://www.ccavenue.com/

Contact details: +91 99 711 711 71

5. Instamojo

Instamojo is a good option for small businesses and startups. It is easy to set up and use, and it offers a variety of payment methods, including credit cards, debit cards, net banking, UPI, and wallets.

Website: https://www.instamojo.com/

Contact details: +91 80 4666 2222

7. MobiKwik

Website: MobiKwik

MobiKwik, known for its digital wallet, also provides a payment gateway solution. It offers quick onboarding, secure transactions, and supports various payment methods. MobiKwik’s strong focus on security ensures that customer data is protected.

List of Existing Entities Which Have Received In-Principle Authorization

List of Existing Entities Which Have Received In-Principle Authorization
Sr. noName of the entity
1.1Pay Mobileware Private Limited
2.Airpay Payment Services Private Limited
  • https://www.airpay.co.in/
3.Amazon (Pay) India Private Limited
4.Cashfree Payments India Private Limited *
  • https://www.cashfree.com/
  • Submit enquiry
  • care@gocashfree.com
5.Computer Age Management Services Limited
6.Digiotech Solutions Private Limited
7.Easebuzz Private Limited
8.Finlogic Technologies India Private Limited
9.Futuretek Commerce Private Limited
10.Google India Digital Services Private Limited
11.IndiaIdeas.com Limited -BillDesk
12.Infibeam Avenues Limited
13.Innoviti Payment Solutions Private Limited
14.In-Solutions Global Limited
  • isg-pay > ISG – your payment partner (insolutionsglobal.com)
  • https://insolutionsglobal.com/solutions/isgpay/
  • contact > ISG – your payment partner (insolutionsglobal.com)
  • https://insolutionsglobal.com/contactus/
15.Lyra Network Private Limited
16.Mpurse Services Private Limited
  • MPurse | India’s leading payment processing and collection platform (mpurseservices.com)
  • https://mpurseservices.com/contactPA.php
  • care.pa-pg@mpurse.co.in
17.NSDL Database Management Limited
18.NTT DATA Payment Services India Limited
19.Open Financial Technologies Private Limited
20.Paymate India Private Limited
21.Paysharp Private Limited
22.Phi Commerce Private Limited
23.Pine Labs Private Limited
24.Razorpay Software Private Limited *
25.Reliance Payment Solutions Limited
26.SRS Live Technologies Private Limited
27.Stripe India Private Limited
28.Tyche Payment Solutions Private Limited
29.Vay Network Services Private Limited
30.Worldline ePayments India Private Limited

Worldline ePayments India Private Limited
Level 1: Customer Service Desk
Email: grievance.ind@worldline.com

Phone: 022 6766 4481

 

31.Xsilica Software Solutions Private Limited
32.Zomato Payments Private Limited

List of Existing Entities Whose Applications are Under Process

Sr. no.Name of the entity
1.Adyen India Technology Services Private Limited
2.Appnit Technologies Private Limited
3.Bhartipay Services Private Limited
4.Dinero Payment Services Private Limited
5.Dreamplug Paytech Solutions Private Limited
6.Global Payments Asia-Pacific (India) Private Limited
7.Hiveloop Internet Private Limited
8.INSOnline India Private Limited
9.Instamojo Technologies Private Limited
10.Letzpay Solution Private Limited
11.LivQuik Technology (India) Private Limited
12.Marg Fintech Private Limited
13.Nomisma Mobile Solutions Private Limited
14.Paygate India Private Limited
15.PhonePe Private Limited
16.Senrysa Technologies Private Limited
17.Unimoni Enterprise Solutions Private Limited
18.Zaak Epayment Services Private Limited

Existing Payment Aggregators Whose Applications Were Returned

Sr. noName of the entityRemarks
1.Freecharge Payment Technologies Private LimitedApplication returned on 10.02.2023
2.PayTM Payments Services LimitedApplication returned on 25.11.2022
3.PayU Payments Private LimitedApplication returned on 10.01.2023
4.Tapits Technologies Private LimitedApplication returned on 10.02.2023

List of New Entities Which Have Received In-Principle Authorisation

Sr. noName of the entity
1.Boku Network Services IN Private Limited
2.Concerto Software & Systems Private Limited
3.Finacus Solutions Private Limited
4.Fourth Dimension Solutions Limited
5.Groww Pay Services Private Limited
  • https://groww.in/
6.Hitachi Payment Services Private Limited
7.Instanow Info Systems Private Limited
  1. https://www.instamojo.com/payment-gateway/
  2. support@instamojo.com
8.Juspay Technologies Private Limited
9.MMAD Communications Private Limited
10.Mswipe Technologies Private Limited
11.Nehat Tech Solutions Private Limited
12.Payment Gateway Solutions Private Limited
  • https://paymentz.com/
  • Paymentz
  • https://paymentz.com/payment-gateway/
  • Accept Payments – Paymentz
  • support@paymentz.com
13.R360 Payment Services Private Limited
14.Resilient Payments Private Limited
15.Tata Payments Limited
16.Toucan Payments (India) Private Limited
17.Transaction Analysts (India) Private Limited
18.Unlimint In Private Limited
19.Zoho Payment Technologies Private Limited

List of New Entities Whose Applications are Under Process

Sr. no.Name of the entity
1.Aurionpro Payment Solutions Private Limited
2.Decfin Tech Private Limited
3.Digidios Payments Services Private Limited
4.Integra Micro Systems Private Limited
5.KGC Infotech Private Limited
6.Nium India Private Limited
7.Payglocal Technologies Private Limited
8.SBI Payment Services Private Limited
9.Sodexo SVC India Private Limited

List of Payment Aggregators Whose Applications Were Returned / Withdrawn and Thus Cannot Operate

Existing payment aggregators advised to stop online payment aggregation activity and close nodal / escrow account(s) within a period of 180 days from the date of return of application.
Sr no.Name of the entityWhether existing or / new payment aggregatorRemarks
1.Akonto Payment Solutions Private LimitedExistingApplication returned on 19.01.2023
2.Aggrepay Payments Solutions Private LimitedExistingApplication returned on 08.02.2023
3.BrokenTusk Technologies Private Limited (Withdrawn)ExistingApplication returned on 07.10.2022
4.Ezetap Mobile Solutions Private Limited (Withdrawn)ExistingApplication returned on 10.10.2022
5.Flexmoney Technologies Private LimitedExistingApplication returned on 17.10.2022
6.fonePaisa Payment Solutions Private LimitedExistingApplication returned on 10.10.2022
7.FSS Grameenpay Private LimitedExistingApplication returned on 02.02.2022
8.Golden Legand Leasing and Finance LimitedExistingApplication returned on 20.01.2023
9.Kopayments Private LimitedExistingApplication returned on 29.12.2022
10.Paykun Payment Solutions Private LimitedExistingApplication returned on 02.02.2022
11.Payswiff Solutions Private LimitedExistingApplication returned on 19.10.2022
12.Synergistic Financial Networks Private Limited (Withdrawn)ExistingApplication returned on 07.10.2022
13.Vmobo Mobile Private LimitedExistingApplication returned on 08.12.2021
14.Volks Electronics Private LimitedExistingApplication returned on 03.12.2021
15.Worldline India Private Limited (Withdrawn)ExistingApplication returned on 28.09.2022
16.Wunderbaked Technologies Private LimitedExistingApplication returned on 20.01.2023
17.Zenex E-Commerce Private LimitedExistingApplication returned on 03.12.2021
18.Aceware Fintech Services Private LimitedNewApplication returned on 29.11.2022
19.AGDP Fintech Private LimitedNewApplication returned on 15.12.2021
20.Apexpay Technologies Private LimitedNewApplication returned on 07.10.2022
21.Asian Checkout Private LimitedNewApplication returned on 20.10.2022
22.BeBuoy Infoservices Private LimitedNewApplication returned on 27.11.2020
23.Bongdeal India Private LimitedNewApplication returned on 10.11.2022
24.CAMS Payment Services Private LimitedNewApplication returned on 25.10.2021
25.Cash Friend Fintech Private LimitedNewApplication returned on 10.08.2022
26.Commonwealth Inclusive Growth Services LimitedNewApplication returned on 07.10.2022
27.Ditya Finance Private LimitedNewApplication returned on 10.12.2021
28.E-Meditek Global Private LimitedNewApplication returned on 30.09.2022
29.ePaisa Services Private LimitedNewApplication returned on 27.07.2020
30.Eutro Agro Products Private LimitedNewApplication returned on 10.11.2022
31.GoKwik Commerce Solutions Private LimitedNewApplication returned on 02.11.2022
32.Hindon Mercantile LimitedNewApplication returned on 10.01.2023
33.InCashMe Mobile Wallet Service Private LimitedNewApplication returned on 30.05.2022
34.Indian Railway Catering and Tourism Corporation LimitedNewApplication returned on 26.02.2021
35.Ippopay Technologies Private LimitedNewApplication returned on 13.02.2023
36.Iserveu Technology Private LimitedNewApplication returned on 23.09.2021
37.Kashind Financiers LimitedNewApplication returned on 10.12.2021
38.Kedarpay Solutions Private LimitedNewApplication returned on 12.01.2023
39.Khatabook Technologies Private LimitedNewApplication returned on 27.01.2023
40.Kredx Platform Private LimitedNewApplication returned on 07.12.2022
41.Naffa Innovations Private LimitedNewApplication returned on 13.10.2021
42.Nearby Technologies Private LimitedNewApplication returned on 26.07.2022
43.Newbazaar Technologies Private LimitedNewApplication returned on 10.10.2022
44.Ola Financial Services Private LimitedNewApplication returned on 28.09.2022
45.Pay Point India Network Private LimitedNewApplication returned on 28.10.2022
46.Paytekk India Private LimitedNewApplication returned on 14.10.2022
47.Prevxee E-commerce (India) Private LimitedNewApplication returned on 10.11.2022
48.Rapyd Aggregator Network India Private LimitedNewApplication returned on 29.09.2021
49.Rupifi Technology Solutions Private LimitedNewApplication returned on 10.11.2022
50.Safee Peee India Private LimitedNewApplication returned on 10.11.2022
51.Safexpay Payments Aggregator Private LimitedNewApplication returned on 22.11.2021
52.Skilworth Technologies Private LimitedNewApplication returned on 26.09.2022
53.SPAY Fintech Private LimitedNewApplication returned on 18.10.2022
54.Twid Rewards Global Private LimitedNewApplication returned on 07.12.2022
55.Virtual Galaxy Infotech Private LimitedNewApplication returned on 28.12.2020
56.Yalamanchili Software Exports Private LimitedNewApplication returned on 29.08.2022
57.Zhudao Infotech Private LimitedNewApplication returned on 06.01.2023

Note: – Note This information is given based on my personal knowledge and experience. Please refer reference for more info.

For Latest Information visit 

Below Information can be browsed on rbi website

  • RBI Certified Financial Market Infrastructure Entities
  • RBI Certified Central Counter Parties
  • RBI Certified Retail Payments Organisation
  • RBI Certified Bharat Bill Payment Central Unit (BBPCU)
  • RBI Certified Bharat Bill Payment Operating Units (BBPOUs)
  • RBI Certified Cards Payment Networks
  • RBI Certified Cross border Money Transfer – in-bound only
  • RBI Certified ATM Networks
  • RBI Certified Prepaid Payment Instruments
  • RBI Certified White Label ATM Operators
  • RBI Certified Instant Money Transfer
  • RBI Certified Trade Receivables Discounting System (TReDS)
  • RBI Certified Authorised entities whose Payment System operations have ceased
  • RBI Certified Entities whose Certificate of Authorisation to operate a Payment System have been RBI Certified cancelled on account of voluntary surrender by the entity
  • RBI Certified Entities whose Certificate of Authorisation to operate a Payment System have been RBI Certified cancelled as per regulatory requirement

How to choose the best payment gateway for your business

When choosing a payment gateway for your business, there are a few key factors to consider:

  • Payment methods: What types of payments do you want to accept? Make sure to choose a payment gateway that supports the payment methods that your customers use most often.
  • Countries served: Do you want to accept payments from customers in other countries? Make sure to choose a payment gateway that supports international payments.
  • Fees and charges: Payment gateways typically charge fees and charges for their services. Make sure to compare the fees and charges of different payment gateways before making a decision.
  • Features: Payment gateways offer a variety of features, such as fraud prevention, recurring billing, and analytics. Consider which features are important to you and choose a payment gateway that offers those features.

There are many great payment gateways available in India, and the best one for your business will depend on your specific needs and requirements. Be sure to compare the different payment gateways carefully before making a decision.

In 2023, businesses in India have a plethora of payment gateway options to choose from. The best payment gateway for your business depends on your specific requirements, including transaction volume, customer base, and integration needs. It’s crucial to thoroughly evaluate each provider, considering factors like security, ease of integration, transaction fees, and customer support.

Whichever payment gateway you choose, ensuring a seamless and secure payment experience for your customers is paramount. With the right payment gateway partner, your business can thrive in the dynamic world of e-commerce in India.

Please note that the popularity and performance of payment gateways can change over time, so it’s essential to stay updated with the latest developments and trends in the industry.

Spread the love

Similar Posts