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Tag: Payment Gateway

  • Top SaaS Payment Gateway & Processing Solutions: Best Platforms for Your Business

    When it comes to Software as a Service (SaaS) applications, payment processing usually involves either a shopping cart/payment checkout or the management of recurring/subscription payments. Both of these methods present unique challenges and opportunities for the SaaS platform. The right payment gateway can help you securely process payments, manage subscriptions, and provide an excellent user experience for your customers. However, selecting the right payment processor for your SaaS company is a crucial decision, given that customers trust you with their sensitive financial information. Ensuring their details are secure is a top priority. In addition, you want to guarantee a seamless payment process with no interruptions, which is especially critical when selling software to established businesses.

    B2B customers are willing to pay a premium price for the right solution, but their standards are high, and they won’t hesitate to switch to a competitor if they feel let down. Thus, selecting the appropriate payment gateway for your B2B SaaS is critical. With so many options available, it can be overwhelming to choose the best one for your business. In this blog post, we’ll explore the six best payment gateways for your SaaS startup to help you make an informed decision and set your business up for success.

    Best Payment Gateways for Your SaaS Startup

    S.No Platform Pricing Key Features
    1 Stripe 2.9% + 30¢ per transaction Global payments, robust APIs, subscription billing
    2 Braintree 2.9% + 30¢ per transaction Cards + PayPal, vaulting, fraud protection
    3 Paddle Custom (revenue-share model) Subscription management, tax/VAT compliance
    4 Paypal 2.9% + 30¢ per transaction Widely accepted, buyer protection, simple setup
    5 Adyen Custom (volume-based pricing) Multi-currency, unified commerce, enterprise security
    6 Chargebee Starts at $599/month Subscription billing, dunning, analytics
    7 GoCardless ~1% per transaction (capped) Direct debit, recurring payments, low fees for ACH/SEPA
    8 Recurly Starts at $199/month Subscription billing, churn management, reporting

    Stripe

    Website Stripe.com
    Rating 4.7 out of 5
    Free Trial Available
    Platforms Supported Web, Android, iPhone/iPad
    Stripe Best Payment Gateway
    Stripe – Best Saas Payment Solutions

    Stripe is a popular payment gateway Software as a Service (SaaS) software that offer online services or subscriptions. With Stripe, SaaS businesses can easily accept online payments from their customers, set up recurring billing, and manage subscription plans.

    It offers a range of features and benefits, including easy integration with websites and mobile apps, support for multiple payment methods such as credit cards, digital wallets, bank transfers, fraud prevention tools and customizable checkout options.

    Stripe’s comprehensive suite of products includes a payment platform, billing system, and software that empowers platforms to remit payments to vendors. With support for over 135 currencies, the likelihood is high that Stripe covers the currency that is most relevant to your business.

    Stripe is trusted by millions of businesses, including companies like Amazon, Google, Lyft and Slack, as well as non-profits such as Unicef, Oxfam and Khan Academy.

    What is Stripe and How Does it Work | SaaS Payment Processing

    Pricing:

    Stripe standard payment processing fee starting at 2% for cards issued in India and 3% for cards issued outside India.

    Plan Price
    Pay As You Go (for cards issued in India) 2% per successful card charge
    Pay As You Go (for cards issued outside India) 3% per successful card charge
    Enterprise Custom Plans

    Braintree

    Website www.braintreepayments.com
    Rating 3.8 out of 5
    Free Trial Not Available
    Platforms Supported Web, Android
    Braintree - SaaS Payment Gateway
    Braintree – SaaS Payment Gateway

    Braintree is a software-as-a-service (SaaS) payment gateway that allows businesses to accept online payments from their customers. It was founded in 2007 and acquired by PayPal in 2013. Braintree offers two main products, Braintree Direct (to accept online payments) and Braintree Extend (to connect with partners). There’s also Braintree Marketplace (payments for online marketplaces) and Braintree Auth, which is still in beta at the moment of writing, but will “enable your merchants to connect a Braintree account to your platform, and receive permission to take action on their behalf.”

    As a PayPal service, Braintree’s innovative payments technology, scalable solutions, and legendary white-glove support are backed by one of the world’s largest and most trusted fintech brands. It is the payments platform for some of the world’s leading brands including Uber, Dropbox, GitHub and yelp. Braintree accepts most major credit and debit cards such as Visa, MasterCard, American Express, etc. They also accept most widely adopted e-wallets such as PayPal, Apple Pay, Google Pay, etc.

    Pricing:

    Braintree’s pricing is based on a per-transaction fee structure, with no setup or monthly fees. The fee varies depending on the payment method used and the country in which the transaction occurs.

    Plan Price
    Cards and digital wallets 2.59% + $.49 per transaction
    PayPal and PayPal Credit Fees are subject to the terms applicable to your PayPal account
    Venmo 3.49% + $.49 per transaction
    ACH Direct Debit 0.75% per transaction

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    Paddle

    Website www.paddle.com
    Rating 4.0 out of 5
    Free Trial Not Available
    Platforms Supported Web, iPhone/iPad
    Paddle - Payment Gateway for SaaS
    Paddle – SaaS Payment Platform

    Paddle provides a unique approach to payment infrastructure for software-as-a-service (SaaS) companies. Instead of just offering payment processing options, Paddle provides a range of tools and services, including customizable checkout pages, upselling and cross-selling capabilities, recurring billing and subscription management, and fraud prevention services. This comprehensive approach allows SaaS companies to streamline their payment processes and increase revenue while also ensuring the security of their transactions.

    No extra tools to buy and bolt together. With Paddle, software products can grow into software businesses. It optimizes your pricing, scale self-service sales, and move upmarket with team plans and enterprise invoicing. You can use Paddle Checkout and APIs to create, customize, and control website and in-app purchase and subscription flows that match your brand, including upsell, cross-sell, and language localization. Paddle also allows to create any billing cycle, seat-based, usage-based, credit-based, whatever-based billing model with Paddle’s flexible subscription management.

    Pricing:

    Paddle’s pricing is based on a percentage of the transaction value, with no setup or monthly fees. The transaction fee varies depending on the country and the payment method used. Paddle also offers volume-based pricing discounts for businesses with high transaction volumes.

    Plan Price
    Pay-as-you-go 5% + 50¢ per transaction*
    Based on ROI assessment Custom pricing

    Paypal

    Website www.paypal.com
    Rating 4.7 out of 5
    Free Trial Not Available
    Platforms Supported Web, Android, iPhone/iPad
    Paypal - SaaS Payment Gateway
    Paypal – SaaS Payment Solutions

    PayPal is a SaaS payment gateway that allows individuals and businesses to send and receive online payments securely. It was founded in 1998 and is headquartered in California, USA.

    PayPal helps you get paid even if you don’t have a website or online checkout. Easily track and manage your cash flow-and get ready to sell more. It provides 3 easy ways to get paid: Email payments, Professional invoices and your personalized link to get paid In India or globally. With PayPal customers enjoy 180-day window for dispute resolution and zero liability for unauthorized transactions.

    One of PayPal’s main strengths is its wide reach and popularity. It is accepted in over 200 countries and supports more than 100 currencies. This makes it a popular payment gateway choice for businesses operating internationally.

    Pricing:

    PayPal’s pricing is based on a percentage of the transaction value, with no setup or monthly fees. The transaction fee varies depending on the country and the payment method used. PayPal also offers discounted transaction fees for businesses with high transaction volumes.

    Domestic Personal Transactions

    Payment method Price
    PayPal balance or a bank account No fee
    Cards 2.90% + fixed fee
    Amex Send™ Account No fee

    International Personal Transactions

    Payment method Price
    PayPal balance or a bank account 5.00% ( Min international fee – 0.99 USD, and max international fee – 4.99 USD )
    Cards 5.00% ( Min international fee – 0.99 USD, and max international fee – 4.99 USD )
    Amex Send™ Account 5.00% ( Min international fee – 0.99 USD, and max international fee – 4.99 USD )

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    Adyen

    Website www.adyen.com
    Rating 4.9 out of 5
    Free Trial Available
    Platforms Supported Web, Android, iPhone/iPad
    Adyen - Best Payment Gateway for SaaS Startups
    Adyen – Best Payment Gateway for SaaS Startups

    Adyen was founded in 2006 by a group of entrepreneurs, including Pieter van der Does and Arnout Schuijff and is headquartered in Amsterdam, Netherlands. Adyen is the platform built to simplify and accelerate global payments. As your customers continue to move fluidly between online and offline, you need to be able to meet their expectations. Adyen allows you to easily manage payments across platforms.

    The Adyen platform enables merchants to accept payments in a single system, enabling revenue growth online, on mobile devices and at the point of sale. It is a scalable enterprise solution that powers the payment processing of big tech, such as, Facebook, Uber, Netflix and Airbnb. That tells you Adyen is suited for building an end-to-end payment infrastructure, which allows for expanding fast and tracking results at manageable risk levels.

    How do Adyen Payments work? Saas Payment Processing Services

    Pricing:

    Adyen offers no fixed enterprise pricing plans, but charges a calculated processing fee and commission per each transaction. Fee is based on Interchange++ model for Visa, Mastercard and other cards. Interchange++ components include: interchange fee by issuing bank; scheme fee by cards scheme; and acquirer markup, if any.

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    Chargebee

    Website www.chargebee.com
    Rating 4.4 out of 5
    Free Trial Available
    Platforms Supported Web, Android, iPhone/iPad
    Chargebee - Best Payment Gateway for SaaS Startups
    Chargebee – Best Payment Gateway for SaaS Startups

    Chargebee is a subscription management software that specializes in handling recurring billing and SaaS subscriptions. While it doesn’t have its own payment gateway and merchant account, Chargebee integrates seamlessly with a wide range of providers including Stripe, PayPal, and around 25 others. It is designed to meet the unique needs of businesses operating under SaaS subscription models.

    Pricing:

    Chargebee’s pricing is based on a monthly subscription fee, with no transaction fees. The subscription fee varies depending on the number of customers and features required.

    Plan Yearly Price Monthly Price
    Launch $0/month $0/month
    Rise $249/month $299/month
    Scale $549/month $599/month
    Enterprise Custom plans Custom plans

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    GoCardless

    Website www.gocardless.com
    Rating 4.6 out of 5
    Free Trial Available
    Platforms Supported Web, Android, iPhone/iPad
    GoCardless - Best Payment Gateway for SaaS Startups
    GoCardless – Best Payment Gateway for SaaS Startups

    GoCardless is a payment gateway made for SaaS companies, small, and mid-sized businesses. It lets you collect recurring payments directly from customers’ bank accounts, so you don’t have to deal with high card processing fees.

    It works in 30+ countries and supports 8+ currencies. While it’s not the best option for international payments, you can still collect them. The platform also connects easily with project management, automation, and other business tools.

    GoCardless has developer-friendly APIs, so integrating it into your system is smooth. Payments are processed through the Automated Clearing House (ACH), which is slower than card payments but much cheaper.

    Security is a big plus, ACH with GoCardless gives you a safe, cost-effective way to handle payments without the extra fees of traditional cards.

    Pricing:

    Plan Yearly Price Monthly Price
    Standard 1% per transaction (capped at £4) 1% per transaction (capped at £4)
    Plus Custom pricing Custom pricing
    Pro Custom pricing Custom pricing

    Recurly

    Website www.recurly.com
    Rating 4.6 out of 5
    Free Trial Available
    Platforms Supported Web, Android, iPhone/iPad
    Recurly - Best Payment Gateway for SaaS Startups
    Recurly – Best Payment Gateway for SaaS Startups

    Recurly is a subscription billing and payment platform made for SaaS businesses. It works like Stripe and Braintree but is especially focused on managing recurring payments. The platform is easy to use, quick to set up, and gives you helpful data insights to grow your business. Many well-known brands such as LiveChat, Full Cube, and AccuWeather already use Recurly.

    Recurly supports 140 currencies and 30 languages, making it a great choice for global businesses. It connects with 28 different payment gateways and offers 12 payment methods, so you can give your customers flexibility in how they pay.

    On the security side, Recurly keeps customer data safe with advanced hosting solutions, two-factor authentication, and PGR encryption. This means you can focus on your business while Recurly takes care of secure billing.

    Pricing:

    Plan Yearly Price Monthly Price
    Starter Custom $249/month
    Professional Custom Custom
    Elite Custom Custom

    Conclusion

    Choosing the right payment gateway is a critical decision for any SaaS startup. Each payment gateway has its strengths and weaknesses, and it’s important to consider factors such as transaction fees, payment methods supported, fraud prevention, and international payment processing capabilities. By carefully evaluating the available options and choosing a payment gateway that aligns with your goals, you can ensure a smooth and secure payment processing experience for your customers.

    FAQs

    What is the best payment method for SaaS?

    Some of the best SaaS payment gateways on the market are Stripe, PayPal, and Braintree.

    What is SaaS payment gateway?

    A SaaS (Software-as-a-Service) payment gateway is a service that enables businesses to securely and efficiently process online payments from customers for their subscription-based services or products.

    How do SaaS companies collect payments?

    SaaS companies collect payments through various methods including credit/debit card, bank transfer, ACH, invoice, and mobile payments.

    Why use Chargebee instead of Stripe?

    Chargebee is a subscription billing and revenue management platform that provides more advanced functionality and features compared to Stripe, which is primarily a payment gateway.

    What are some factors to consider when choosing a payment gateway for SaaS startups?

    Some key factors to consider when selecting a payment gateway for a SaaS startup include security, transaction fees, ease of use, customer support, compatibility with existing systems, and scalability.

  • Top 12 Best Online Payment Gateways in India 2025

    At present, the world has experienced huge growth in online payments, and with the Covid-19 presence, people preferred to use online payment methods for almost everything as it is safe and secure. More and more people are opting for a cashless way to transfer money. Here, comes the work of the payment gateway. A payment gateway is basically a merchant service that connects the users’ bank accounts with the platform where the users need to transfer their money. A bank may provide a payment gateway to its customers, there is also a specialized financial service provider such as a payment service provider which provides it as a separate service.

    Whether you are a small business or you have an established E-commerce business, good payment service is an essential factor for it. An online payment gateway is a secure and convenient way for a website or online business to accept payments from customers. When a customer makes a purchase on an e-commerce website, they enter their payment information, which is then processed by the payment gateway. The payment gateway verifies the information, checks to see if the customer has the funds available, and then transfers the funds from the customer’s account to the business’s account.

    A payment gateway platform gives authority to the users to conduct an online transaction through various payment modes such as net banking, credit card, debit card, UPI, and other online payment apps. It is a third-party platform that provides the ability for the user to securely transfer their money to the merchant’s payment portal. In this era of the digital world, E-commerce is leading the market. As times are changing fast online businesses are also moving. So, it is important to know about the payment gateways in India.

    In order to use an online payment gateway, you will need to sign up for an account and integrate the payment gateway into your website or online store. This typically involves adding a few lines of code to your website and may also require you to obtain a merchant account.

    There are many different online payment gateways available, each with its own set of features and fees. In this article, we will talk about the top payment gateways in India that allow customers to make payments online. So, let’s take a look at them.

    S.No. Payment Gateway Key Features Transaction Fees
    1 Razorpay Easy integration, supports multiple payment modes, instant settlements 2% per transaction
    2 Instamojo No setup fee, user-friendly dashboard, quick payouts 2% + ₹3 per transaction
    3 Paytm Large user base, supports UPI/wallet/cards, instant refunds 1.99% + taxes
    4 CCAvenue Multiple currency support, advanced fraud detection, recurring billing 2% per transaction
    5 Payflow Easy integration for businesses, seamless checkout experience Varies by plan
    6 Cashfree Instant settlements, API friendly, supports international payments 1.75% onwards
    7 BillDesk Reliable for utility and recurring payments, strong security 1.5% onwards
    8 Atom Supports 100+ payment options, secure and scalable 1.99% onwards
    9 HDFC Bank-backed, secure transactions, easy reconciliation 2% per transaction
    10 PayKun No setup or maintenance fee, multiple payment modes 1.75% per transaction
    11 PayU Easy checkout, supports international cards, fast settlements 2% per transaction
    12 MobiKwik Popular wallet-based gateway, supports UPI, cards, EMI, and Buy Now Pay Later options 1.75% onwards

    Razorpay

    Mobile Applications Google Play Store
    Accepted Payment Methods Domestic and International Credit & Debit cards, EMIs ( Credit/Debit Cards & Cardless), PayLater, Netbanking from 58 banks, UPI and 8 mobile wallets
    Razorpay - best payment gateway in India
    Razorpay – best payment gateway in India

    Razorpay is one of the best payment gateways in India for your business. It was started in 2014. Many entrepreneurs who use Razorpay for their business, have seen some increase in their conversion rate. Razorpay has helped businesses to solve the problem of digital payments. It is due to their smooth user experience. Also, the refund process is easy and automated. If your customer applies for a refund, Razorpay will automatically get the refund, if you set it to, without any extra widget or code. You can use Razorpay Subscriptions to execute the automated recurring transactions on various payment modes, through a platform that’s built for automation.

    Razorpay Features

    • You can improve your business sales as Razorpay provides cashback and discounts to your customers
    • Payment modes include credit cards, debit cards, net banking, payments through UPI, and popular wallets.
    • Razorpay allows you to accept international payments from over 100 countries.
    • Manage your marketplace, automate bank transfers, collect recurring payments, share invoices, and avail working capital loans.

    Instamojo

    Mobile Applications Google Play
    Accepted Payment Methods 170+ payment methods including RTGS/Bank Transfer/NEFT/EMI
    Instamojo - best payment gateway in India
    Instamojo – best payment gateway in India

    Instamojo is one of the top-rated payment gateways in India. It allows businesses to create a business account instantly and the account can also be activated within a few minutes to collect online payments. This is a Bangalore-based company and the target of Instamojo is selling digital goods and collecting payments online. You can enroll yourself at Instamojo with a bank account and start your online selling business. You can also collect payments for physical goods and workshops or events.

    Instamojo Features

    • To set up the payment gateway, no extra payment is needed.
    • Different types of payment methods are available.
    • Special care is being taken for the security of the server.
    • Businesses can create discount codes for their products.

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    Paytm

    Mobile Applications Google Play and App Store
    Accepted Payment Methods UPI, Debit Card, Credit Card, NetBanking, AMEX/International
    Paytm - payment gateway provider in India
    Paytm – payment gateway provider in India

    Paytm has emerged as a leading payment gateway in India due to its online customer base with the very popular Paytm wallet. It supports domestic credit cards like Visa, MasterCard, Maestro, Amex, Discover, and Diners. With Paytm online transactions can be made anytime and from anywhere. It is the best payment gateway solution provider in India which has served some biggest eCommerce companies.

    Some of the most popular companies which use Paytm are Jabong, OLA, Cleartrips, Redbus, GoIbibo, Zomato, etc.

    How to Create Payment Links from the Paytm Business Dashboard

    Paytm Features

    • The latest technologies are used for secure online transactions.
    • It has the feature of saved cards, where a customer doesn’t have to put their card details again and again.
    • Paytm is not only available as a desktop application but also supports smartphones and tablets.

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    CCAvenue

    Mobile Applications Not Available
    Accepted Payment Methods 200+ payment methods including EMI options
    CCAvenue - top payment gateway in India
    CCAvenue – Payment Gateway for Small Business in india

    CCAvenue is an authorized payment gateway provider by Indian Financial Institutions and is known as the most secure and best payment gateway to transact money for online shopping. Customers can make online transactions via Credit Cards, Debit Cards, Net Banking, Digital and Mobile Wallets, Mobile Payment, and Cash Card modes. It offers smooth, fast, and secure transactions to its customers. Currently, CCAvenue powers more than 85% of businesses in India.

    CCAvenue Features

    • CCAvenue provides “Smart Analytics” by which you can see a real-time comprehensive statistical online report and a transparent history of all your transactions.
    • It has a ‘Mobile Checkout Page’ which supports all mobile operating systems.
    • CCAvenue also has CCAvenue In-built Advanced Shopping Cart’, CCAvenue S.N.I.P. ( Social Network In-stream Payments), it is one of India’s first genuine Social Commerce facilities.

    Payflow

    Mobile Applications App Store and Google Play
    Accepted Payment Methods Accept all major debit and credit cards supported by their processor, including Visa, Mastercard®, American Express, Discover, JCB, and Diners Club. Payflow Gateway also supports L2/L3 purchase cards, prepaid cards, foreign currencies, TeleCheck, and ACH.
    Payflow - Best Online Payment Gateways in India
    Payflow Logo

    Payflow is offered by PayPal. It is known for being a secure and open gateway for payments. Payflow accepts all major credit and debit cards. It adds over 173 million customers regularly and supports more than 100 currencies. In India, it is used by Merchants for receiving international payments.

    Payflow Features

    • It accepts and offers different payment methods.
    • The checkout process is customized with the help of APIs.
    • It supports fraud protection services and allows you to install it for an additional fee.

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    Cashfree

    Mobile Applications Google Play Store
    Accepted Payment Methods UPI, EMI, digital wallets, Debit/Credit cards, and 100+ other payment options
    Cashfree - top payment gateway in India.
    Cashfree – top payment gateway in India.

    Cashfree is a low-cost and popular payment gateway in India. Cashfree helps businesses in India to accept payments online from various payment channels. The best thing about Cashfree is that it has direct integration with multiple banks which makes Cashfree a fast and reliable payment gateway. It is the only payment gateway in India that provides a wide range of payment options such as Visa, MasterCard, Maestro, Rupay, and Amex, including 70+ more net banking options. Cashfree also supports UPI, NEFT, IMPS, and PayPal. TDR is the transaction discount rate that every payment gateway charges from the merchants for processing the transactions to their bank account.

    Cashfree Features

    • The setup cost is not needed.
    • Cashfree also supports online wallets like Paytm, PhonePe, and GooglePay.
    • Cashfree is the fastest settlement cycle of 24 hours to 48 hours and also offers popup, iframe and seamless checkout modes

    BillDesk

    Mobile Applications Google Play Store
    Accepted Payment Methods 120+ Credit cards, Debit cards, Banks, Net Banking, Wallets
    BillDesk - online payment gateway provider
    BillDesk – online payment gateway provider

    BillDesk is an Indian online payment gateway company based in Mumbai, India. BillDesk provides bill payment and settlement services to large billers like electricity, water, insurance, and other service providers. BillDesk also provides the ability to customers to decide how and when to make payments. BillDesk is a one-stop solution for customers through which customers can make all their payments at any time and from anywhere.

    BillDesk Features

    • The integration is developer friendly and is quite easy and flexible..
    • BillDesk offers various payment methods.
    • Customers can also receive payment reminders or alerts.

    Atom

    Mobile Applications Google Play Store
    Accepted Payment Methods Visa, Mastercard, Discover and American Express plus Amazon Pay, Apple Pay, Google Pay, PayPal, and Venmo
    Atom Online Payment Gateway
    Atom Online Payment Gateway

    Atom consists of various payment options which accept payment through all major debit cards and credit cards. Atom has completed over 15 million transactions and is used by thousands of merchants across the country. Atom is completely secured as it is backed with PCI DSS version 3.2 and 256-bit encryption which ensures a safe and secure transaction.

    Atom Features

    • Atom provides multiple payment methods.
    • The integration is quite simple and easy.
    • Atom provides invoices after every payment.

    HDFC

    Mobile Applications App Store and Google Play Store
    Accepted Payment Methods All major credit, debit cards and net banking in India, including Visa, MasterCard, Visa Electron, Diners, Rupay, Discover or Maestro
    HDFC Best Online Payment Gateway
    HDFC Best Online Payment Gateway

    HDFC is one of the largest banks in India that offers a payment gateway service for merchants and businesses to accept online payments from their customers. Many organizations like VSNL, Sify, and IRCTC use HDFC. If you want to use HDFC on your website or mobile app, you need to use their EPI payment gateway services. The HDFC Payment Gateway allows merchants to securely accept a wide range of payment options, including credit and debit cards, net banking, and UPI payments. The advantages of the HDFC payment gateway are instant settlement, a 100% chargeback facility, the facility to accept payment in 15 international currencies, easy integration with existing applications, and support for various shopping cart applications.

    HDFC Features

    • The HDFC Payment Gateway supports a wide range of payment options, including Visa, Mastercard, American Express, and Rupay credit and debit cards, as well as net banking and UPI payments.
    • The HDFC Payment Gateway uses 128-bit SSL encryption to secure your transactions and protect your financial information.
    • The HDFC Payment Gateway can be easily integrated with your website or mobile app, allowing you to customize the payment experience for your customers.
    • The HDFC Payment Gateway provides detailed transaction reports and reconciliation tools to help you manage and track your payments.
    • It accepts 15 types of international currencies.
    • It provides 24×7 customer service.

    PayKun

    Mobile Applications Not Available
    Accepted Payment Methods UPI wallet payments, subscription payments, Debit/Credit cards, Master Card, diners club card, net banking, wallets, UPI/BHIM
    PayKun online payment provider
    PayKun online payment provider

    PayKun is an easy solution for online payments for all types of businesses including small businesses, and medium to large. Any kind of merchant including a freelancer, a YouTuber, a blogger, from an eCommerce website or mobile app, an offline and online seller at the shop or showroom, or an individual, every type needs to have an easy hand on the modern technology for the collection of digital payments. It provides free plugins and SDKs readily available on the internet to integrate with all the major platforms of websites and mobile applications.

    PayKun Features

    • Paykun has zero setup fees and zero maintenance fees.
    • It provides different types of payment methods.
    • The server is safe enough to use.

    PayU

    Mobile Applications Google Play and App Store
    Accepted Payment Methods 100 different payment methods are supported, including EMI, UPI, net banking, cards, wallets, Buy Now Pay Later, etc.
    PayU best multi-currency payment gateway
    PayU best multi-currency payment gateway

    PayU (formerly known as PayU Money) is one of the best multi-currency payment gateways to accept online payments. The PayU payment gateway is designed to be secure, reliable, and easy to use for both merchants and customers.

    To use the PayU payment gateway, merchants need to sign up for an account and integrate the payment gateway into their online store or website. This can typically be done through the use of a software development kit (SDK) or by integrating with a payment processor or shopping cart platform. Once the integration is complete, merchants can start accepting payments from customers through the PayU payment gateway.

    You can start accepting payments securely and seamlessly within your iOS, Android, or Windows app, within minutes, with its 100% online hassle-free onboarding process.

    PayU Payment Gateway: What is a payment gateway and how does it work?

    PayU Features

    • PayUMoney supports multi-currency transactions and international credit cards.
    • PayU provides over 100+ payment methods
    • The transaction history is available through PayU.

    Mobikwik

    Mobile Applications Google Play and App Store
    Accepted Payment Methods Supports UPI, MobiKwik wallet, credit/debit cards, net banking, EMI, and Buy Now Pay Later options.
    Mobikwik Best Online Payment Gateway

    MobiKwik (earlier called Zaakpay) is one of the fastest-growing eCommerce payment gateways, helping businesses run smoothly. It focuses on giving users an easy experience by automatically detecting OTP (One Time Password) during payments.

    Some well-known clients include Business World, BlueDart, Uber, and Zomato. Businesses can also integrate this gateway into their website or app with the help of eCommerce development companies.

    Mobikwik Features:

    • Strong PCI DSS security to keep transaction data safe
    • Website analytics to track payment data
    • Supports credit/debit cards, wallets, international cards, UPI, and EMI options

    Conclusion

    The payment gateway has become the most important part of the world of increasing eCommerce businesses. If a business provides a good payment service, it automatically creates a good impression in front of its customers. With the increase of E-commerce businesses in the world, the need for proper payment gateways is also increasing.

    FAQs

    What is a Payment Gateway?

    A payment gateway platform gives authority to the users to conduct an online transaction through various payment modes such as net banking, credit card, debit card, UPI, and other online payment apps.

    Where payment gateways are used?

    Payment Gateways are used mostly used by E-commerce businesses.

    What are some top 5 Payment Gateways?

    The top 5 payments gateways are:

    • Razorpay
    • Instamojo
    • BillDesk
    • Paytm
    • Payflow

    Which is better, Paytm or PayPal?

    The choice between Paytm and PayPal will depend on your specific needs and preferences. It may be helpful to consider factors such as geographical availability, payment methods, fees, and security when deciding which platform is right for you.

    Who regulates payment gateways in India?

    In India, payment gateways are regulated by the Reserve Bank of India (RBI), which is the central bank of the country.

    Which is the cheapest payment gateway in India?

    Cashfree Payment gateway is as of now, one of the cheapest payment gateways in India.

    Is UPI available only in India?

    UPI is not limited to India and has been adopted by some financial institutions and payment service providers in other countries as well such as Bhutan, Nepal, UAE, and the UK.

    Which is better, Razorpay vs Billdesk?

    Razorpay is better for startups and online businesses because it offers easy integration, many payment options, and instant settlements. BillDesk is more suited for large enterprises and utility bill payments due to its reliability and strong security.

    Which is better, HDFC Payment Gateway vs Razorpay?

    Razorpay is better for startups and developers due to its easy setup, modern features, and instant settlements, while HDFC Payment Gateway is ideal for established businesses needing a bank-backed, secure solution.

    Which is the best payment gateway for startups in India?

    The best payment gateway for startups in India is Razorpay because it offers easy integration, multiple payment options, fast settlements, and low setup hassle.

    Which are the payment gateway for website in India?

    Razorpay, PayU, and Cashfree are top payment gateways for websites in India, offering easy integration and fast payments.

    Which is the best payment gateway for online business?

    The best payment gateway for online business in India is Razorpay due to its seamless integration, wide payment options, and quick settlements.

  • MobiKwik Co-Founder Upasana Taku Success Story: India’s First Female Fintech Leader

    With the rise of technology, it was just a matter of time before people shifted to online transactions. While this mode of payment became popular, many companies introduced the idea of e-wallets. One company that stands out in this space is MobiKwik. It is an Indian fintech unicorn that has made digital payments simpler and more accessible for users.

    Behind the success of MobiKwik is a determined leader, Upasana Taku. The company was founded in 2009 by Upasana Taku and Bipin Preet Singh. Taku has played an important role in building the company and taking it to greater heights. Under their leadership, MobiKwik became a prominent player in the fintech industry. In December 2024, the company went public with its IPO opening for public subscription.

    In this article, learn more about MobiKwik’s co-founder Upasana Taku, her education, her career, the challenges faced, and more.

    Upasana Taku – Biography

    Name Upasana Taku
    Birthplace Gandhinagar, Gujarat
    Born 1980
    Nationality Indian
    Education B.Tech in Industrial Engineering (NIT Jalandhar), MS (Stanford University)
    Profession Entrepreneur
    Position Co-Founder, Executive Director & CFO of MobiKwik, Co-Founder of Zaakpay
    Spouse Bipin Preet Singh
    Company One Mobikwik Systems Ltd (MobiKwik)

    Upasana Taku – Early Life and Education
    Upasana Taku – Career
    Upasana Taku – MobiKwik
    Upasana Taku – Coming Out of The Comfort Zone
    Upasana Taku – The Journey of MobiKwik’s Growth and Milestones
    Upasana Taku – Challenges Faced
    Upasana Taku – Success Mantra
    Upasana Taku – Awards & Recognition

    Upasana Taku – Early Life and Education

    Upasana Taku was born into a Kashmiri family in Gandhinagar and grew up in a family of academicians. She completed her schooling in Surat and went on to pursue engineering at the prestigious Dr B.R. Ambedkar National Institute of Technology, Jalandhar. Taku holds a B.Tech degree in Industrial Engineering from that institute. She did her MS in Management Science and Engineering from Stanford University, USA.

    Upasana Taku – Career

    After completing her Master’s, Upasana Taku’s career began in 2004 at HSBC Auto Finance in San Diego. She worked as a Business analyst in product management, where she was successful in many areas, like marketing and outreach, forecasting, and market research. She then joined PayPal in 2006. There, she worked as a Senior Product Manager. During her tenure at PayPal, she learned about payment systems in the Americas, Europe, and Asia. Apart from that, she also gained knowledge about risk detection and fraud management, user experience, and design at PayPal.

    All these experiences laid a solid foundation for the founding of MobiKwik in 2009. In 2012, Upasana Taku launched Zaakpay, a payment service by MobiKwik. It offers mobile and online payment solutions to eCommerce companies in India, staying true to the values of its parent company.

    Currently, Upasana Taku serves as the Co-founder, Executive Director, and CFO of MobiKwik, where she continues to work on the company’s financial strategies and growth.

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    Upasana Taku – Coming Out of The Comfort Zone

    Bipin Preet Singh and Upasana Taku - MobiKwiki Co-Founders | Upasana Taku MobiKwik
    Bipin Preet Singh and Upasana Taku – MobiKwiki Co-Founders

    In 2008, although she had a comfortable life with her corporate job, she realized that she no longer wanted to be a corporate drone. According to her, work was becoming too easy, even though she worked on some high-impact projects and accumulated millions of dollars. But she wanted to come back to India and contribute to the Indian startup ecosystem. Well, this was the turning point of Taku’s career!

    Her family didn’t support her decision to return to India, as they saw it as a big risk. At PayPal, she had a successful career, and she enjoyed a comfortable life. Despite all this, she was back in India in 2008.

    While she was figuring out her next steps, she worked with Drishtee, a rural microfinance NGO, in Bihar and Uttar Pradesh, helping to empower local communities while gaining a deeper understanding of the challenges and opportunities in rural India.

    In the subcontinent, she met a lot of people and extracted ideas about the buzzing sectors and unsolved gaps in the business and startup ecosystem. According to her, a wallet like PayPal was not popular in India. Therefore, users could never imagine a cashless world. Well, the example of India gave the idea to resolve this gap and work for the advancement of technology in the country.

    While working on her ideas and project, she happened to meet Bipin Preet Singh in India through a common friend. Together, they started their fintech venture with a shared vision of disrupting the payments industry in India.

    “It was a time when our parents would go to a nearby shop to recharge phones and that is when the idea of a mobile wallet business struck us which could pave a way to make consumer payments simpler. Fast forward to now, India is at the cusp of a digital revolution and the payments industry is witnessing a disruption like never before. We kind of saw this coming almost a decade ago,” said Taku in an interview.

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    Upasana Taku – MobiKwik

    Upasana Taku MobiKwik | MobiKwik Owner
    Upasana Taku MobiKwik

    Upasana Taku co-founded MobiKwik in 2009 with Bipin Preet Singh, who serves as the CEO and is also her husband. MobiKwik is one of India’s leading mobile wallets and financial services platforms. The app allows users to make payments like mobile recharges, bill payments, and bank transfers. It also offers services like instant digital loans, investment options in digital gold, mutual funds, fixed deposits, and credit card bill settlements.

    A key feature of MobiKwik is Pocket UPI. This allows users to make UPI payments without linking their bank accounts. Under Upasana’s leadership, MobiKwik has expanded its services, making it one of the most trusted and widely used platforms in India.

    Upasana Taku – The Journey of MobiKwik’s Growth and Milestones

    Upasana Taku’s Mobikwik is very simple and need-based. Initially, they launched the company as a recharge platform, and soon, within a few years, it became the face of mobile wallets in the country. At a time when people were dependent on physical cash for a trivial amount like INR 10, Taku revolutionized the sector by bringing the concept of a physical wallet onto the big stage. Presently, a millennial or Gen Z cannot imagine going to a shop for small recharges; all he/she need is to use an app to cover all the recharges. Now, Mobikwik has grown exceptionally as a company. In 2010, the company hired its first employee, and it was somehow very difficult for the team to find someone with the same mindset to serve the community.

    In 2011, the team grew very slowly, with a team member count of six! They were dependent on the home-office sector. Even on their wedding day, Taku and Bipin Preet had to work for the company! Later in 2011, they rented their first office which had five rooms. Within a short period, they were growing at an exceptional pace and were a team of 35 people by June 2012. In September 2012, the team applied for RBI’s PPI license, and they received it in July 2013.

    This was a milestone for the team as it was a symbol of their growth. The first round of the company’s funding was $5 million, which enabled them to shift to a larger office in Udyog Vihar, Gurugram, with 50 employees. The second round of funding came in 2015, they were able to draw funding of $25 million from Sequoia Capital, American Express, Tree Line Asia, and Cisco Investment.

    Under her leadership, MobiKwik achieved major milestones, becoming a unicorn startup in October 2021 and launching its IPO in December 2024.

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    Upasana Taku – Challenges Faced

    Upasana Taku’s journey has not been easy. When she was starting MobiKwik, she faced some tough challenges, especially because she was a woman in a male-dominated field. During investor meetings, she was often asked personal questions like why she wasn’t married by 30 or how many children she had. People even mistook her for her husband’s assistant instead of recognising her as a co-founder. New employees at the company would also question whether they should report to her or a male manager.

    Taku faced gender bias in the investor meetings as well. She shared that some financiers told her they preferred male founders. In response, she would confidently say that her male counterparts might not be able to answer their questions as well as she could. She made it clear that she would never work with such people.

    Despite these challenges, she remained focused, communicated clearly, and continued working towards the success of her company. Even when she was pregnant, she didn’t slow down. Upasana continued working and even attended a board meeting just a day before her cesarean surgery. Coming from a lower-middle-class background, she worked hard to earn a scholarship to study at Stanford University in the US. 

    While things are slowly getting better for women in business, Upasana acknowledges that there is still progress to be made. Her story is a great example of how, with hard work, determination, and courage, women can overcome any challenge.

    Upasana Taku – Success Mantra

    Taku’s mantra “Kick up a storm or die trying” has helped her to stay focused in difficult times. According to her, Tenacity is the key. Hence, her hard work and desire to serve the startup community have made her an inspirational figure for many aspiring entrepreneurs.

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    Upasana Taku – Awards & Recognition

    Upasana Taku - Awards and Recognitions | First Woman to Lead a Payments Company in India
    Upasana Taku – Awards and Recognitions | First Woman to Lead a Payments Company in India
    • Forbes “Asia’s Women to Watch (2016)”
    • Best Woman Entrepreneur Award 2017 by Associated Chambers of Commerce and Industry of India (ASSOCHAM)
    • In 2018, she received an award from the President of India for being the First Woman to lead a Payment Gateway Startup in India.
    • Forbes Asia’s Power 25 Businesswomen (2019)
    • In 2024, she was honoured with the ‘Unstoppable Icon’ award and recognised as India’s Leading Tech Founder & one of the Top 15 Richest Self-made Women in India.
    • In April 2025, Taku was recognized in Fortune India’s “100 Most Powerful Women in Business 2025” list, celebrating her impactful leadership and achievements in fintech.
    • Taku has been appointed as the Vice-President of the Executive Committee at the Unified Fintech Forum (formerly DLAI).

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    FAQs

    Who is Upasana Taku?

    Upasana Taku is the co-founder and CFO of Mobikwik, India’s leading mobile wallets and financial services company.

    What is Upasana Taku age?

    Upasana Taku was born in 1980 into a Kashmiri family in Gandhinagar and grew up in a family of academicians.

    What is Upasana Taku education?

    Upasana Taku’s education includes a B.Tech in Industrial Engineering from NIT Jalandhar and an MS from Stanford University.

    What is Upasana Taku net worth?

    While the exact net worth of Upasana Taku is not publicly available, in 2024, she was recognised as India’s Leading Tech Founder and one of the Top 15 Richest Self-made Women in India by CNBC-TV18.

    What is Upasana Taku’s MobiKwik net worth?

    As of May 12, 2025, MobiKwik’s market capitalisation stands at approximately INR 1,925 crore (around $232 million), based on its current share price of INR 247.80. This reflects a significant decline from its peak valuation of INR 4,102 crore (approximately $494 million) during its IPO debut in December 2024.

    Who is Zaakpay founder?

    Zaakpay, co-founded by Upasana Taku and Bipin Preet Singh (also MobiKwik co-founders), is a payment gateway service provided by MobiKwik. It focuses on fast, innovative digital payment solutions, tackling challenges in payments, reconciliations, and user experience. Recently, Zaakpay received RBI approval to operate as an online payment aggregator, further enhancing its capabilities.

  • Sebi Approves INR 700 Crore IPO of Payment Platform MobiKwik

    The Securities and Exchange Board of India (SEBI) has given the payment platform MobiKwik permission to earn INR 700 crore through an initial public offering (IPO). There is no offer-for-sale component to the IPO, which is purely a new issue of equity shares with a face value of INR 2 per share.

    Using INR 250 crore, MobiKwik intends to build its financial services division, accelerate growth in its payment services with INR 135 crore investment, and devote another INR 135 crore to data, machine learning, and artificial intelligence breakthroughs.

    Together with general corporate factors, the remaining INR 70.28 crore will be earmarked for capital expenditures in its payment devices division.

    Link Intime India Private Limited is the registrant of the offer, and SBI Capital Markets Limited and DAM Capital Advisors Limited are the book-running lead managers for the initial public offering (IPO). It has been suggested that the equity shares be exchanged on both the BSE and the NSE.

    Exploring Options for Raising an Additional INR 140 Crore

    As part of a “Pre-IPO placement,” the company may consider raising an additional INR 140 crore through options such as a rights issue, preferential allotment, or private placement. The fresh issue size will be adjusted proportionately if this is finalized.

    In January 2024, the company founded by Bipin Preet Singh and Upasana Taku refiled its draft papers with Sebi, resulting in a substantial reduction in the size of the IPO from INR 1,900 crore to INR 700 crore.

    The company achieved profitability in FY24, generating a net profit of INR 14.1 crore, a significant improvement from the INR 83.8 crore loss it experienced in FY23. The revenue from operations also experienced a significant increase, rising from INR 540 crore in FY23 to INR 875 crore in FY24.

    The Company Focuses on Providing Financial Solutions

    MobiKwik provides businesses and merchants with a wide range of financial and payment services. Currently, the company offers services such as online transactions, Kwik QR scan and pay, MobiKwik Vibe (Soundbox), MobiKwik EDC Machine, and Merchant Cash Advance.

    The company also operates a B2B payment gateway specifically designed for e-commerce enterprises through its subsidiary, Zaakpay. Additionally, RBI approval has been granted to Zaakpay for Payment Aggregator (PA) operations.

    Mobikwik has registered 146.94 million users and enabled 3.81 million merchants to process online and offline payments as of September 30, 2023. MobiKwik ZIP GMV (Disbursements) experienced a remarkable 354.86% increase from Fiscal 2021 to Fiscal 2023, while the Payment GMV has experienced an annual growth rate of 32.33%.

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  • PM Modi Has Announced That India Will Integrate UPI With Malaysia’s PayNet

    After a bilateral meeting with Malaysian Prime Minister Anwar Ibrahim in New Delhi on August 20, Prime Minister Narendra Modi of India announced intentions to link the Unified Payments Interface (UPI) with PayNet.

    Modi announced the partnership at a joint news conference, where he also highlighted plans to connect the UPI and PayNet systems in India and Malaysia, respectively. The goal of this integration is to increase UPI’s global presence and strengthen financial connection. In an effort to expand its quick payment network globally, India has launched UPI in a number of countries, including Nepal, Bhutan, Singapore, the United Arab Emirates, France, Mauritius, and Sri Lanka.

    The efforts of the Indian government and the Reserve Bank of India to expand UPI’s global reach were further underlined by Minister of State for Finance Pankaj Chaudhary.

    Strengthening the Ties Between the Two Nations

    Both Modi and Anwar Ibrahim had a fruitful discussion at Hyderabad House, which led to the statement being made about collaborating on the payment gateway. The two heads of state talked on a variety of issues, including the strengthening of bilateral ties and the cooperation between regional organisations. The Prime Minister of India, Narendra Modi, reaffirmed India’s dedication to the centrality of ASEAN. He also expressed his support for Malaysia’s chairmanship of ASEAN in 2025 and the timely review of the Free Trade Agreement (FTA) between India and ASEAN.

    In addition to this, Modi highlighted efforts to improve educational and training possibilities for Malaysian students who are participating in Indian programs. There will be one hundred spots available for Malaysians to apply for scholarships under the Indian Technical and Economic Cooperation (ITEC) programme. These seats will be available in advanced disciplines such as artificial intelligence (AI) and cybersecurity. Not only did Modi announce the establishment of a Thiruvalluvar Chair at a Malaysian university, but he also announced the establishment of an Ayurveda Chair at the University of Tumko Abdul Rahman in Malaysia.

    Enhancing Trade Through Mutual Agreement

    A number of potential areas of collaboration were named by Modi, including semiconductors, financial technology, the military industry, and artificial intelligence. He also mentioned that Malaysia had made an investment of $5 billion in India over the course of the previous year.

    In his statement, Anwar stated that his nation would revitalise its connections with India in every aspect, and that the potential of these relations had not been fully realised over the past few years.

    At a press conference, an official from the Indian Ministry of Foreign Affairs named Jaideep Mazumdar announced that the country will issue a one-time export of 200,000 metric tonnes of non-basmati rice to Malaysia. This would be an exception to the embargo that prohibits such shipments.

    According to Mazumdar, India is also interested in selling Malaysia aircraft built by Hindustan Aeronautics Ltd., as well as other types of military equipment.

    Additionally, the two nations reached an agreement on a framework for the welfare of Indian workers who are going to be employed in Malaysia. Malaysia is a country that obtains labour from approximately 15 countries, including India, for its palm farms and other sectors.

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  • 5 Most Successful Recurring Payment Gateways in India

    Customers are able to ease their lives by signing up for the services they require. This is why subscriptions and recurring payments are integral elements of our hectic daily lives. If you are among those who are seeking a recurring payment gateway to receive subscription payment in India or any other country, read the article below.

    We’ll explain how to collect money. This is possible through an auto mode, which is a monthly subscription with an automated payment system that is activated. This is accomplished through recurring payment gateways.

    However, before you jump into the list, let us understand what is a recurring payment gateway.

    What is a Recurring Payment?
    How does Recurring Payment Work?
    Which are the best recurring payment gateways in Inia?

    1. CCAvenue Payment Gateway
    2. Razorpay Payment Gateway
    3. PayPal Payment Gateway
    4. LotusPay Payment Gateway
    5. Paytm Payment Gateway

    Conclusion
    FAQs

    What is a Recurring Payment?

    Recurring payments are transactions that are performed repeatedly and regularly over a specific time.
    Recurring payments are transactions that are performed repeatedly and regularly over a specific time.

    The recurring payment is the type of transaction that gives merchants the chance to process authorizations. These are authorizations that could be different to the specific customer. A recurring payment can be fixed or multi-faceted. It could be also repeated billing.

    Digital service providers around the world also offer services that allow users to pay for a subscription on a month-to-month basis, quarterly, or annually. These providers include MailChimp, AWS, Aweber and many others.

    Service providers who aren’t located in India charge customers with US dollars. They will bill the subscriber monthly amount without the involvement of their providers. However, in India customers must prove that they have paid by using the second method. Automatic subscription fees are not possible for Indian businesses.

    How does Recurring Payment Work?

    The situation in India is somewhat complex due to the two-factor authentication procedure. This means that we’re required to use recurring billing processing. Recurring payment processors cannot accept online payments without an OTP (one-time password).

    Every single person living in India uses OTP to process every online transaction. When we consider the transactions that are made with one click on the e-commerce sites like Amazon, Flipkart, etc. that isn’t really the same as an Amazon app, it’s the payment gateway. Anyone experienced with payments gateways knows that their OTP is a procedure that must be followed and can’t be avoided.

    Features of Recurring Payments
    Features of Recurring Payments

    Typically, a customer purchases or registers to a particular service by using the payment gateway. The customer needs to pay for the service at a regular interval. These intervals could be weekly, fortnightly or even monthly.

    The customer must provide the payment details like debit or credit card at the time of the initial payment. The payment information provided is then entered through the credit card processing system (not from the retailer). The bank is able to take any kind of transaction, either through a subscription or a regular payment gateway. They’ve already accepted such an offer to banks.

    When the subscription is due for renewal, the system transmits an email to the payment gateway to process the payment. Based on the authorization previously granted that it has secured the transaction, the funds are then transferred to the seller.

    How to Receive Recurring Payments From Your Customers

    Subscription Vs One-time Payment

    If you buy a product or service, you have to pay for the item. In the majority of cases, you only pay once. You can also choose to pay via the internet by using a payment processor. There are numerous payment options accessible. You can take advantage of one of them to grow your business.

    But, there are numerous businesses where you need to pay on a regular basis. For example, subscriptions model businesses like Netflix, Disney+Hotstar, etc. Subscriptions and recurring payments require authorization from the customer to be paid off.

    A customer must allow his bank to make automatic payments automatically. This is the reason why it is faster. This is the best option for businesses because it doesn’t require following up with customers.

    Which are the best Recurring Payment Gateways in India?

    There are various recurring payment gateways in India that allow customers to make payments online. Some of the popular ones are:

    CCAvenue Payment Gateway

    CCAvenue is among the most popular payment gateways used by Indian merchants.
    CCAvenue is among the most popular payment gateways used by Indian merchants.

    With CCAvenue, you’ll be able to move beyond traditional invoices and billing. This provides an uncomplicated subscription service that is enjoyable to use. It is possible to build a custom subscription plan to meet the requirements of your company. It also permits recurring payments using various payments options.

    It makes the process of payment simpler for users and guarantees prompt transactions. CCAvenue helps you avoid complicated calculations. There won’t be any delays in transactions when you use CCAvenue subscriptions that are automated.

    Razorpay Payment Gateway

    Razorpay UPI Autopay allows merchants to collect payment anytime.
    Razorpay UPI Autopay allows merchants to collect payment anytime.

    It is now possible to create recurring payments using UPI. UPI AutoPay (also known as UPI recurring) lets merchants select the debit card for users. This is not just beneficial to existing businesses but also provides an even wider market. It also allows businesses to look into new revenue streams by incorporating the possibility of up-autopay.

    UPI Recurring is providing adaption across all major UPI Apps. It is supported by BHIM, HDFC, iMobile and is expected to get more support.

    Razorpay Recurring Payment Charges

    The standard transaction fee for payment gateway:

    Plans Pricing
    Indian debit and credit cards 2% per transaction + GST
    Net banking 2% per transaction + GST
    UPI & Wallets 2% per transaction + GST
    Diners, Amex, International cards & EMI 3% per transaction + GST
    Additional charges on subscription 0.9% charges to every payment

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    PayPal Payment Gateway

    PayPal Recurring Payments allow invoicing your customers for digital and physical items as well as services.
     PayPal Recurring Payments allow invoicing your customers for digital and physical items as well as services.

    About 200 million users around the world utilize PayPal for online payments. PayPal is the largest provider of 35% of all world’s payments. This is a fantastic option to accept payments for memberships, and more.

    PayPal subscriptions let you manage the recurring payment for specific services. Using this type of payment, you can establish billing intervals, frequency and other options.

    LotusPay Payment Gateway

    LotusPay helps to automatically collect recurring payments from the customers' bank account.
    LotusPay helps to automatically collect recurring payments from the customers’ bank account.

    LotusPay provides a recurring payment system for companies located in India. NACH platform is a simple dashboard with REST APIs, as well as mobile SDKs. All this is to manage subscriptions, plans, users, settlements and payments. It secures the money and then sends them to you promptly. All of it is fully automated.

    How does it work

    • You can make general plans that include different amounts, frequencies and lengths. You may even design a plan with flexible payment. Custom subscriptions are also designed for specific customers.
    • Users will receive authorization links to your page. All you have to do is add your personal details. Then, authorize the mandates.
    • The process is secured through banks’ channels. It is active within 1-2 days. When the due date for payments is reached, it will automatically debit the account of the user. It is done according to the schedule of subscriptions. They then pay the money to you.

    LotusPay Recurring Payment Charges

    Plans Pricing
    Standard charges 1% per successful transaction
    Maximum fee Rs.50
    Minimum fee Rs.5
    Monthly fee Rs.0
    Setup fee Rs.0
    GST taxes applicable

    Paytm Payment Gateway

    Paytm lets you make subscription payments that aids merchants in collecting recurring payments. This is done without having to explicitly go through the repurchasing procedure. This method is utilized for products that are used on a regular basis. Transactions are performed periodically by the customers.

    Paytm gives merchants seamless ways to take the subscription payment from their clients.
    Paytm gives merchants seamless ways to take the subscription payment from their clients.

    Paytm Recurring Payment Charges

    There are no one-time or recurring charges for setting up and running your Paytm for business account.

    Conclusion

    Credit and debit cards are the most common method for conducting a digital transaction in India. This was made possible by the advent of UPI. UPI (Unified Payments Interface) has evolved into an alternative for continuous payments. It lets transactions be dependent on the pull.

    The seller is only required to begin the process with the intention of deducting the subscription each month. Subscribers will be enrolled using an m-PIN. This allows the seller to make it simpler to avail of the services without needing the card or account information. A recurring subscription is purchased with a credit card only. There’s a chance it could be purchased with debit cards too.

    Hope that you’ve grasped the concept behind recurring payment gateways.

    FAQs

    How do recurring payments benefit consumers?

    Recurring payments are more convenient for customers since they have to enter the billing information only once. The recurring payments begin there and they then deduct the amount out of their account at exactly the appropriate date on the day of their bill.

    How does recurring payment work?

    Recurring payment allows the customers to authorize the merchants to draw funds from their accounts regularly for purchases and services that they receive on a regular basis.

    Which payment gateway is best in India for startups?

    These are just a few of the most well-known payment gateways that are popular in India.

    • CCAvenue Payment Gateway
    • Razorpay Payment Gateway
    • PayPal Payment Gateway
    • LotusPay Payment Gateway
    • Paytm Payment Gateway

    Is recurring billing good?

    A recurring bill is a system that allows businesses to accept ongoing payments however, it is able to obtain the card details from the customer just once. Recurring billing is beneficial for business owners because it guarantees an unpredictable flow of cash while the automated configuration can cut down on time and costs.

  • What is e-RUPI and How it will benefit Businesses in India?

    We have witnessed many digital payments for paying off our expenses via Google Pay or PhonePe. Additionally, Our Honorable Prime minister Narendra Modi has launched e-RUPI, a seamless cash payment for Covid-19 Vaccination in India on 2nd August 2021.

    e-RUPI is a contactless digital payment solution that is done by a QR Code or SMS based e-Voucher to all mobile users. Over and Above, e-RUPI is an e-voucher one-time digital payment mode with three benefits- Cashless & Contactless digital payment, Ensures leak-proof delivery of various welfare services and connects the beneficiaries servers without any intermediaries involvement.

    e-RUPI is introduced as a hassle-free e-voucher digital payment, where beneficiaries don’t need a card, digital app or even internet banking to redeem the voucher. Because it is done through e-RUPI where vouchers are transferred into QR Scan or SMS for an effortless method to endure the service of the voucher.

    How does e-RUPI work?
    How will Businesses benefit from e-RUPI
    FAQ

    How does e-RUPI work?

    e-RUPI is a cashless and contactless digital payment mode, which is done by decoding the code of the cards which is shared via SMS or the QR code. e-RUPI is the first digital currency in India with an aim to spurn the leakages in Government. It is done via redeeming payments through e-vouchers that are in the form of QR codes or SMS.  

    Many Indian Citizens find it so difficult to pay spontaneously on any such expenses, For instance, if you are in a line and billing for those products and getting a physical form voucher on the product which you have bought.

    Meanwhile, next time on availing the voucher services, you find dilate in processing the payment neither in swiping card nor digital payments app. Therefore, the National Payments Corporation of India along with the department of financial services, National Health Authority developed e-RUPI in order to meet the expenses through e-vouchers in the nature of the prepaid model. So, if you receive a voucher then automatically you can store it in an electronic form- QR code or SMS-based.

    When it comes to who can use e-RUPI, as it is said above, the government makes these e-vouchers in order to create funds for other welfare services. So, ultimately e-RUPI is accessible for healthcare services. Furthermore, businesses or corporations can issue e-RUPI to their employees.

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    How will Businesses benefit from e-RUPI?

    e-RUPI doesn’t only benefit the receivers of the token but also the corporates and hospitals. The beneficiaries of this digital payment system include all the major stakeholders relating to this scheme.

    Corporates

    According to the National Payments Corporation Of India (NPCI), the corporates will benefit largely from this scheme. They can look after the welfare of their employees. The corporates would benefit from cost reduction while using this digital payment as this works on end-to-end digital transactions and doesn’t require physical issuance.

    The issuer being corporates can track the voucher redemption. During this global pandemic, everything has made us focus on the safety of our lives. This digital payment mode allows for quick, contactless and safe voucher distribution.

    Hospitals

    It is a difficult task to stand in long queues in hospitals and pay for the service as it takes time to use a card or cash. This can lead to major inconvenience during these times. So the NPCI has made the authorization of these vouchers easy and safe by doing it using a verification code.

    e-RUPI also solves the problem of usage of cards or cash by making the payment collection hassle-free and contactless. The redemption process of the e-RUPI is quick as it can be redeemed in a few steps and the chance of decline rate is less as there is a pre-blocked amount.

    End-Users

    e-RUPI, the electronic voucher digital payment system is mainly made for the welfare and well-being of the people of the country. The official NPCI website lists the various benefits the consumer of the end-user of the e-RUPI will reap.

    This payment is contactless and digital. The beneficiary shouldn’t carry a printout of the voucher. The consumer can redeem his voucher in a two-step process making it easy, quick and time-saving.

    The beneficiary isn’t required to share personal details on the redemption of the vouchers making it a safe and secure form of payment as privacy isn’t compromised.

    For the redemption of the vouchers, the consumer does not need a digital payment app or a bank account making it accessible to many who don’t have a bank account.

    Banks are supported by e-RUPI

    e-RUPI is launched by NPCI in association with the Department of Financial Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW) and partner banks.

    Banks support e-RUPI, unlike other digital currencies making this voucher digital payment mode easy and trustworthy. The banks that support e-RUPI are Axis Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Indian Bank, Kotak Bank, Punjab National Bank, State Bank of India and Union Bank of India.

    Conclusion

    e-RUPI is an initiative by the government in connecting people’s lives through technology. India is progressing to a transparent and digitalized country. e-RUPI as a replacement for cash is seen as a big step that is favorable and necessary in the growth of the country.

    e-RUPI guarantees safety as people do not have to carry cash or be worried about losing their cards while trying to avail themselves of essential services. e-RUPI can also route the subsidies the government gives on education, agriculture and nutrition. e-RUPI if worked effectively can be helpful to the people of the country in their dire times.

    FAQ

    What is e-RUPI?

    e-RUPI is an electronic voucher digital payment mode, where the physical form of a voucher is transferred into electronics like QR Code or SMS-based, where you can access the services without any card or internet banking to redeem it.

    Who launched e-RUPI?

    The National Payments Corporation of India along with the department of financial services, National Health Authority developed e-RUPI which was promulgated by Prime Minister of India Narendra Modi to the citizens on 2nd August 2021.

    What are the benefits of launching e-RUPI?

    The government of India launched e-RUPI because to serve the beneficiary services to welfare services such as Mother & Child health care, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and other welfare centres, where the e-voucher become a benefit element in extending much more purpose in the society.