Top 5 Best Payment Gateway Systems in India

5 Best Payment Gateway Systems
Dashmeet Kaur
| Updated: Oct 28, 2019 | Category: Payment Gateway System, RBI Advisory

Gone are the days when transactions were made through cash, now the world has revamped into a digital sphere where E-commerce is the market and payment gateway is the mode of operation. India has progressed enough in term of online payment platforms which enables people to travel cashless anywhere. Payment gateways are a secure and safe portal in contrast to cash as there are more chances of theft when one carries abundant money with himself. 

Since payment gateway systems have proven to be a reliable source, it has flooded worldwide. If you are also planning to start your E-commerce business and switching from cash to online payment, then you need to know the best payment gateway licenses in India. This blog will introduce you with the best payment gateways disclosing their pros and cons to help you make the right choice.

Best Payment Gateways in India

1. Razorpay

Being all in one payment gateway system, Razorpay gives an option to users to collect recurring payments and share invoices. It offers various features which help it sustain the fourth position in this list. Let’s perceive them:


  • Unicorn Startup with 1Bn $ valuation with 200Mn+$ Funding till date
  • Helped 8,00,000+ businesses to solve the problem of digital payments
  • Payment modes including credit card, debit card, netbanking, UPI and popular wallets
  • RazorpayX – Razorpay’s business banking arm makes end to end money movement easier
  • Manage your marketplace, automate bank transfers, collect recurring payments, share invoices and avail working capital loans
  • Providing real-time data with an impeccable dashboard.
  • Razorpay enables more than 100 modes of payment options, including Credit/Debit card, Net Banking, UPI and wallets.
  • It offers zero initial setup and maintenance fees.
  • Supports multiple currencies so one can trade worldwide seamlessly.
  • Since international card payments take much time for approval as a subject to the bank, so Razorpay provides all payment modes to solve this issue.
  •  You can grow your business with Razorpay by accessing different payment modes like Mobikwik, Airtel Money, JioMoney, Ola Money, PayZapp and FreeCharge.

2. CC Avenue

The largest payment gateway in South Asia, CC Avenue deserves the first position in this list. With a record of providing end to end e-commerce solutions to more than 1 lakh merchants, CC Avenue meets every demand of dynamic business models.  Avenues serve merchants across numerous industry verticals, including education, online retail, travel, event management, and hospitality. Have a look at the exceptional features of CC Avenue services:

  • It renders 200+ payment options inclusive of 6 credit cards such as JCB, Diners Club, Amex, Mastercard, eze Click and Visa. Besides that provide 58+ Net Banking, 98+ Debit Cards, 13 Prepaid Instruments,13 ATM Cards and 14 Bank EMI.
  • This payment gateway underpins 27 major foreign currencies which facilitate merchants to serve customers globally.
  •  CC Avenue provides two interfaces that are Variable Amount Interface and Shopping Cart Interface.
  •  It also supports multilingual checkout page in 18 major Indian and International languages.
  • Another perk of this payment gateway is that it gives an option Zero initial setup cost.
  • CC Avenue charges up to INR 1200 only for annual software up-gradation.

3. Instamojo

Instamojo is a one-stop solution provider for every MSME. It has a facile Application Programming Interface (API) with detailed documentation. Instamojo integrates well with several websites and offers many peculiar features:

  • There is no minimum commitment wherein the setup and maintenance charges are INR zero.
  • Instamojo supports debit and credit cards of over 58 domestic banks.
  • It enables instant transactions so you can receive payment just after simple signup with your email.
  • Instamojo has backed by some prominent CMS (Content Management System) such as Drupal, PrestaShop, WordPress, Magento, etc.
  • Mobile app integration is available for both platforms, i.e., iOS and Android.

4. PayUmoney

PayUmoney is one of the leading payment gateways in India that helps online businesses from its advanced technology. It is state-of-the-art and caters multiple services:

  • PayUmoney renders an array of payment options which include 50+ net banking, UPI payment mode as a default checkout option, debit & credit cards from all card associations and digital wallets.
  • Zero initial setup and annual maintenance fee.
  • It is app-responsive with mobile SDKs for both Android and iOS platforms.
  • The activation time of this payment gateway works swiftly. It aims to give a safe and secure environment that enable users to make payments.
  • Another praiseworthy feature of PayUmoney is that it manages all your business activities from transactions to account and provides dynamic notifications to keep you informed about important events coming your way.

5. FonePaisa

An interoperable payment solutions provider, FonePaisa brings the worlds of mobile and payments together with its innovative technology. It provides distinctive features of sending SMS / Email/ In-App notifications that allow customers to review and pay invoices online from anywhere. Here are other perks of using this payment gateway:

  • It accepts various payment options from 173 Banks also you have access to  90+ Debit Cards,11 Digital Wallets and 4 major Credit Cards (Visa, Master, Amex, and Rupay).
  • FonePaisa demands zero initial setup fee and negotiable annual maintenance fee.
  • It supports multi-currency.
  • This payment gateway has secure web integration and handy mobile app integration.
  • The activation process is a bit slow in FonePaisa wherein, it takes two-days for activation.
  •  It also serves B2B, B2C use cases and helps in building customised payment solutions.


Now any merchant located in a remote place can set up their e-commerce website by using one of the listed payment gateways. Analyse the list and choose the right option to give a user-friendly experience to your customers.


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