Here you can see the List of Top 10 Payment Gateway Companies in India. Despite internet businesses growing faster than the rest of the economy, only about 3 percent of global commerce happens online today.
Regulatory complexity, a byzantine global financial system, and a shortage of engineers are constraining the impact of the internet economy.
Removing the barriers to online commerce helps more new businesses get started, expedites growth for existing companies, and increases economic output and trade globally.
List of Top 10 Payment Gateway Companies in India
So here is the list of payment gateway companies in India based on the market share.
1. PayPal Payments
PayPal Services in India are provided by PayPal Payments Private Limited (CIN U74990MH2009PTC194653). The company is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy.
The Company open digital payments platform gives PayPal’s 325 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person.
- Market Share: 39%
- Websites: 1860
Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid.
Paypal is Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
2. Razorpay Payments
Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. best payment gateway India
It gives you access to all payment modes including credit card, debit card, netbanking, UPI and popular wallets including JioMoney, Mobikwik, Airtel Money, FreeCharge, Ola Money and PayZapp.Razorpay’s business banking arm, RazorpayX, brings effectiveness, efficiency and excellence to all financial processes.
- Market Share: 18%
- Websites: 870
With RazorpayX, businesses can get access to fully-functional current accounts, supercharge their payouts and automate payroll compliance. Manage your marketplace, automate bank transfers, collect recurring payments, share invoices with customers and avail working capital loans – all from a single platform. Fast forward your business with Razorpay.
3. Instamojo Technologies Pvt. Ltd
Instamojo is India’s largest on-demand payments and ecommerce platform that empowers over 1,200,000 micro-entrepreneurs, startups, MSMEs, to start, manage, and grow their business online across mobile and web, with just a bank account and phone number, in a few minutes. It is in the list of top payment gateway companies in India
- Market Share: 17%
- Websites: 820
Micro-entrepreneurs, startups, MSMEs use Instamojo to instantly start, sell, manage and grow, using our suite of offerings like payments, free online store, logistics, credit, and financing, and more, across mobile & web.
Over 1,000,000 MSMEs From 29 States And 7 Union Territories With 100+ Million Customers Have Used Instamojo. One of the best payment gateway India.
4. Stripe
Stripe is a technology company that builds economic infrastructure for the internet. Businesses of every size—from new startups to public companies—use our software to accept payments and manage their businesses online.
- Market Share: 12%
- Websites: 570
Stripe combines a payments platform with applications that put revenue data at the heart of business operations. As the world’s fastest-advancing developer platform, Stripe gives businesses the tools and technology to build better. Among the top payment gateway companies in India
- 2011: Stripe launched
- 2,500 +employees
- 14 – global offices
From startups to the world’s largest companies and Millions of companies in over 120 countries use Stripe to start, run, and scale their businesses. Stripe is headquartered in San Francisco, with offices in Dublin, London, Paris, Singapore, Tokyo, and more.
5. CCAvenue [Infibeam Avenues Limited]
Infibeam Avenues Limited (IAL), the first e-Commerce and fintech company listed on the Indian Stock exchange, is one of India’s leading digital payments and e-commerce technology solutions provider.
Digital Payment Platform operates through flagship brand-CCAvenue-which is a PCI DSS 3.2.1 compliant payment gateway platform. With over 240 payment options connecting more than 55 Indian banks on a real-time basis, CCAvenue is one of India’s largest direct debit engines.
- Market Share: 5%
- Websites: 240
It processes payments through net-banking, all types of credit cards, debit cards and digital wallets, including UPI payments. With operations in India and the Middle East, this business offers multi-lingual and multi-currency payment solutions to users.
As a pure-play online payment solutions provider, in India, we rank second by net profit share, third in revenue market share and first in number of wallet and EMI options that we offer to our merchants, while in the UAE, we rank second in payments processed among all the non-bank players.
The Company offer a comprehensive suite of web services spanning digital payment solutions, data centre infrastructure and software platforms to merchants, enterprises, corporations and governments in both domestic as well as international markets.
The Company digital technology facilitates businesses and governments to execute e-commerce transactions in a safe and secure manner.
Headquartered in GIFT City, Gandhinagar, we are a team of over 650 people. Our offices are located in Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia.
6. Braintree Payments
The Company provide the global commerce tools people need to build businesses, accept payments, and enable commerce for their users. It’s the simplest way to get paid for your great ideas — across any device, and through almost any payment method.
- Market Share: 1%
- Websites: 50
Merchants in more than 45 countries/regions worldwide can accept, split, and enable payments in more than 130 currencies using Braintree. And we’re here for you — with stellar support, innovative concepts, and simple processes.
These are the list of payment gateway companies in India.