Top 10 Payment Gateways in India [2020]

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What are Payment Gateways in India?

A payment gateways in India is a merchant service provided by an e-commerce application service provider. That authorises credit card or direct payments processing for e-businesses, online retailers.(Source: Wikipedia)

Indians are getting used to the online shopping culture. Results, in rapid increase in E-Commerce. Here is were Payment Gateway in India comes into the picture. Payment through credit /debit cards and even net banking for purchasing goods is becoming a chosen payment option for customers. Besides customers do have an option of COD, But online payment is a booming hassle-free way of shopping, Above all Online/Cashless Payment also took hype after the Demonetization done by our Honorable PM Mr. Narendra Modi Ji in the 2016. With online payments the name or you can say the presence of Payment Gateways in India came into existence.

Choosing the right payment gateway in India for your organization, is not easy and it never was. One should thoroughly study the ASP (Application Service Provider). Who can offer you with the first-rate computer-based services, the finest standard protocol.

List of Various Payment Gateways in India:

Detailed study of the mentioned Payment Gateways in India are follows. I have tried my best to give the possible information. Required for a thorough study and research while selecting the Best Payment Gateway in India.


Main USP of Razorpay is this is the only payments solution which permits to accept, process and disburse payments with its product suite. It allows you admittance to all payment modes counting credit card, debit card, net banking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.

You can manage all your marketplace from a single platform i.e. automate NEFT/RTGS/IMPS bank transfers, collect recurring payments, share invoices with customers.

Charges of this Payment Gateway in India are as follows:

  • Initial Setup Fee : Zero
  • Annual Maintenance Fee: Zero
  • Transaction Fee: 2% (For local Indian Cards) + 3% (For international Transaction)


PayPal Holdings, Inc. is an American company functioning a worldwide online payments system. That allow money transfers and can minimize the traditional paper methods like checks, money orders, drafts, etc. It works as a payment mainframe for online merchants, auction sites, and many other businesses. For this they charge a particular amount of fee in exchange for benefits such as one-click transactions and password memory.


  • Initial Setup Fee : Zero
  • Annual Maintenance Fee: Zero
  • Transaction Fee: 3.90% in India


Instamojo is a Bangalore-based company, selling digital goods & collecting payment online is the main target. This tool provides various solutions to current era Entrepreneurs and Freelancers. In simple word, you can use it to sell any digital goods & collect payment.

The mission of this payment gateway in India is to make small and medium businesses, truly resourceful. The huge range of products by this Payment Gateway in India helps businesses to promptly start, trade, and be able to and grow in the respective field. The products & services provided are like payments, free online store, logistics, credit & financing and more across mobile & web.

Over 1,000,000 Indian businesses from 29 States and 7 Union Territories with 10+ million customers use Instamojo.

Sampad, Akash and Aditya launched this Payment Gateway to make the internet a reliable place for a professional to grow.

This tool also gives you payment links. Which you can copy and paste anywhere on the internet and receive payments online via any payment mode. Now days they believe in customizing the tool according to the requirement of their customer.


  • Initial Setup Fee : Zero
  • Annual Maintenance Fee: Zero
  • Transaction Fee: 2% + Rs.3


CCvenue Payment Gateway is registered with the name Infibeam Avenues Limited (IAL). It is the first e-Commerce and fintech company which got listed on the Indian Stock exchange. CCAvenue is one off the renowned Payment Gateway in India. They have huge infrastructure providing various services. Such as digital payment solutions, data center infrastructure and software platforms to merchants, enterprises. They also provide services to government sector as well as private sector   in both domestic and international markets. Their working process and technology help businesses and governments to execute their e-commerce transactions safely and securely.

They have their Headquartered located in GIFT City, Gandhinagar, they have a team of over 650 people. Their offices are located in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, the United Arab Emirates and the Kingdom of Saudi Arabia.

CCAvenue is one of the largest payment gateways in India which have approximately 200 payment options or more. This includes 6 Credit Cards (Amex, JCB, Diners Club, Mastercard, Visa, and eZeClick). CCAvenue supports a large number of major currencies worldwide allow you to function globally. It also works in 18 major Indian languages which lead CCAvenue to be one of the major Payment Gateway in India.

Pricing Policies and other Charges:

  • Initial Setup Fee : Zero for Startup Pro Plan, Rs. 30,000 for Privilege Plan
  • Annual Software up-gradation Fee : Rs. 1200
  • Transaction Fee: From 1.99% + Rs.3 to 2.99% + Rs.3

PayU money

PayU India is the core company of Naspers group which holds a yearly turnover of $25 Billion. It is not an Indian company, it is listed on London and Johannesburg stock exchanges respectively. The pioneering and prized technology of  PayU provides the business to run a smooth e-commerce workflow In India. Currently PayU is serving more than 4,50,000+ merchants with over 100+ payment methods. It  is also the favored payments gateway for most of the e-commerce merchants. A majority of airline businesses and other E-commerce organisations is a part of PayU.

PayU launched by Lazypay in 2017. It was launched to target the small scale credit solutions i.e. Small Ticket Credit (Buy Now Pay Later), App-based loans (Instant personal loans) and Point of Sale Credit (Merchant EMI). These features of LazyPay presently live on 100+ merchants i.e.Byju’s, Swiggy, Zomato, Samsung, Croma, PVR, Box8, Bookmyshow, ixigo, Netmeds etc.


  • Initial Setup Fee : Zero.
  • Annual Maintenance Fee: Zero.
  • Transaction Fee: its 2%.


E-Billing solutions is a sister company of Ingenico Group, this group is a global leader in hassle-free online payments. EBS payment gateway provide customer to use their debit, credit, net banking, EMI and other options for paying online. EBS act as an agent between the merchant and the consumer. To monitor the process of making and receiving payment should run smoothly. Although, EBS is a secure and safe gateway with easy payment options, consumer may find understanding this gateway a little bulky for receiving payment.

In India they have their head office in Mumbai. They have more than 100 payment options to make payments relaxed for both sides of a purchase. And they have stringent fraud and payment protection to protect all parties involved¹. If you are a business owner in India with online sales, read on to learn more about this payment gateway and if it can be the right fit for you. Global capabilities, local expertise

 Office Locations

EBS Headquarter is located in Mumbai, and the regional offices are present in Delhi & NCR, Kolkata, Hyderabad, Bangalore & Chennai. They have a state of art support facility in Chennai.


  • Initial Setup Fee : Is Rs.4799 to Rs. 23999 according to the plan 
  • Annual Maintenance Fee: Rs.2400
  • Transaction Fee: From 1.25%  to 3.75% according to the plan


DirecPay is fragment of Times of Money. It is one of the largest payment gateway service providers in India the most trustworthy payment gateways in India. DirecPay offers you a huge variety of online businesses i.e. from travel to insurance. Some of the big clients in their list are Google India, Policy Bazaar,, Indiatimes, Akbar Travels, 100bestbuy, etc.

They are an innovative bank-neutral payment workstation for online merchants in India. Their services propose merchants cost effective resolutions, several payment acceptance modes and a secure, robust technology platform. This platform act as a one-stop payment gateway solution for sellers/merchants indulge in conducting online transactions or e-commerce. One can accept online payments via different payment methods such as, Credit Card, Debit Card, Internet Banking and Mobile Payments.

 DirecPay is a secure, customer-centric payment gateway. They help you receive payments in a safe and secure atmosphere, from the bunch of services they have. So, whether you sell products online, provide services with online payment collection or want to collect payments for utility bills. DirecPay allows the transactions from all your customers.


  • Initial Setup Fee : Zero
  • Annual Maintenance Fee: Zero
  • Transaction Fee: Credit Card/ NetBanking TDR 2.25% For Pro Plan, 2% For Unlimited Plan. Debit Card TDR 1.25% for both the Plans


Cashfree is a full fledge payment gateway in India. It helps Indian businesses receive and send payment, it is actuality used by approx. 10000 businesses for merchant pay-outs, wage pay-outs, bulk refunds etc.

Cashfree is an advance payment gateway that is easy to participate and supports instant refunds. It is also India’s leading API banking platform. That allows businesses send money round-the-clock and instantly to bank accounts and cards with a simple API. Which can be combined with their product, instead of uploading complex files on their corporate banking portal.

This Payment Gateway in India provides a fragmented payment solution for marketplaces. A Bank Account Verification API and Auto Collect – a virtual account solution to match inbound payments to customers.

The big customer base of Cashfree include Shopify, Wix, Paypal, Amazon Pay, Google Pay and Ola.


  • Initial Setup Fee : Zero
  • Annual Maintenance Fee: Zero
  • Transaction Fee: Starting from 1.95%


MobiKwik is a Payment Gateway in India got registered in 2009, initially to solve the mobile recharge related problems. It has a mobile phone-based payment system and digital wallet. Customers can add money to their mobikwik wallet that can be used for payments later. In 2013 they got permission from Reserve Bank of India to use of the MobiKwik wallet. And in May 2016 the company started providing small loans to consumers as part of its service. MobiKwik launched their mobile app in November 2016. Which was basically designed for the users of older 2G mobile networks and for those who have poor internet connection. In November 2016, the company has the database of around 1.5 million merchants using its service, and user base of 55 million customers.

MobiKwik is No.2 player in the mobile wallet space in India. And among the top 3 players in the payment gateway industry in the country. This Gateway has a network of over 3 million direct merchants, 140+ billers and 107 million-plus users. It records over 1 million transactions/ day. It has rapidly grown over the past few years. Mobikwik is a very famous payment gateway because of its amazing technology.

MobiKwik wallet can be used across a host of payments services. Including bill recharges, utility bill payments, cab bookings, ticket bookings, payments for groceries, as well as payments to online/offline stores. MobiKwik bridges the digital divide between consumers and companies via swift recharges and bill payments at no extra cost for online transactions. Be it prepaid, postpaid, DTH, data card, electricity, life insurance, landlines, gas, water, broadband, cable, municipality or Metro payments and traffic challans, MobiKwik is best for one and all. The app also offers instant money transfer to family and friends with ease.


  • Initial Setup Fee : Zero
  • Annual Maintenance Fee: Zero
  • Transaction Fee: For Domestic 1.90%, For International 2.90%

Fone Paisa

Fonepaisa Payment Solutions Private Limited is a Private corporation registered on 14 November 2014. FonePaisa payment gateway helps your smart phone to become a medium to do payment transaction. On Fonepaisa you can record all your payment transactions and can edit them as well. Therefore their main aim is to ease the entire process of making payment so that it can be convenient for the customer to use.

  • Initial Setup Fee : Zero
  • Annual Maintenance Fee: Zero
  • Transaction Fee: Starting from 1.95%

How to get a Payment Gateways in India for your website?

If you want any Payment Gateway in India for your business, you must follow these steps to get registered with a payment gateway in India.

  • Incorporate a business entity.
  • Open a business account with the documents of an incorporated business entity.
  • The documents required are-
  • Incorporation certificate
  • Memorandum of Association and article of association
  • Partnership deep
  • PAN card for the company

Once the account gets opened, the promoters can apply for payment gateway service.

Motive of writing this article was to create awareness and a little help in selecting the right Payment Gateway in India for your business. Also read Free Images for Download.


Q. 1. What is a payment gateway?

Payment gateway is a third-party between merchants and customers that securely take the money from customers and send it to merchant’s’ bank account. Payment gateway is a virtual equivalent of a physical point-of-sale terminal that located in most of retail outlets.

Q.2. How can I register for a payment gateway?

If you want any Payment Gateway for your business, you must follow these steps to get registered with a payment gateway in India.

  • Incorporate a business entity.
  • Open a business account with the documents of an incorporated business entity.
  • The documents required are-Incorporation certificate
  • Memorandum of Association and article of association.
  • Partnership deed.
  • PAN card for the company.
  • Once the account gets opened, the promoters can apply for payment gateway service.

Q.3. What is the role of a payment gateway?

The main role of a payment gateway is to authorize transactions between you and your customers.

Q.4. How do I secure my payment gateway?

Secure payment gateways use P2PE to keep hackers from being able to intercept payment data as it’s passed from a merchant to a payment processor. With a payment gateway provider that offers PPE, merchants can rest easy.

Q.5. Is there any free payment gateway?

By the word free if you mean no setup cost, then yes there are many, but other then setup charges every Payment Gateway in India has their different charges for which you can visit the page of the Payment Gateway of Payment Gateway by clicking on their name.

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