Razorpay is India's largest online payment gateway, founded in 2014 by Harshil Mathur and Shashank Kumar in Bengaluru. What started as a simple payment acceptance API has grown into a full-stack financial platform — payment gateway, payroll (RazorpayX Payroll), business banking (RazorpayX), lending (Razorpay Capital), and cross-border payments. With 8 million+ merchants, 55% of India's online payment gateway market, and 35 million daily UPI transactions, Razorpay is the default payment infrastructure for Indian startups and businesses. Razorpay's core strength is developer-friendliness — clean APIs, extensive documentation, and plug-and-play integrations with popular platforms (Shopify, WooCommerce, WordPress). It supports 100+ payment methods including UPI, credit/debit cards, netbanking, wallets, EMI, and international cards. Payment Links and Payment Pages let non-technical merchants accept payments without a website. RazorpayX provides business banking with automated vendor payouts, tax payments, and expense management. Pricing is transaction-based: 2% per transaction for standard plans, with custom pricing for high-volume merchants. There's no setup fee. Razorpay completed its reverse flip from the US to India in May 2025 (paying ~$400M in taxes), making it an Indian company ahead of a planned IPO in late 2026. Revenue hit ₹3,783 crore in FY25 with 65% YoY growth, and the company is valued at approximately $9.2 billion. Razorpay is best suited for Indian businesses of all sizes — from solo developers to enterprises — who need reliable payment acceptance. Settlement times (T+2 for standard) are slower than some competitors like Cashfree (T+1), and support quality can vary for smaller merchants. But for sheer breadth of payment options and developer ecosystem, Razorpay remains the Stripe of India.
Razorpay Software Limited
4.2/5 on G2 (109 reviews) · Last verified 2026-04-25
Hand-picked videos to help you get started — tutorials, demos, and reviews.
Integration Set-up of Razorpay in Nodejs #webdevelopment#fullstackdeveloper#nodejs#reactjs#razorpay
Free Razorpay Payment Gateway | Accept Online Payments on Website
Razorpay Payment Gateway Integration in HTML & JS Websites
Razorpay Payment Gateway Kaise Use Kare? | Complete Setup Guide for Website & App 2025 🔥
Razorpay is a powerful Indian alternative to these international apps:
Yes, Razorpay by Razorpay Software Limited is an Indian alternative to Stripe. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Stripe →
Yes, Razorpay by Razorpay Software Limited is an Indian alternative to PayPal. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to PayPal →
Yes, Razorpay by Razorpay Software Limited is an Indian alternative to Braintree. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Braintree →
Yes, Razorpay by Razorpay Software Limited is an Indian alternative to Square. It offers similar functionality while being developed and maintained in India.Explore other Indian alternatives to Square →
Cashfree Payments India Private Limited
Cashfree Payments is a Bengaluru-based full-stack payments platform for Indian businesses, processing ~$80B a year for 1M+ merchants. RBI-licensed payment aggregator offering a payment gateway, instant payouts and bulk transfers, UPI AutoPay recurring payments, cross-border collections, and KYC verification. 0% fee on UPI and RuPay, ~1.9% on cards, no setup fee, with optional instant settlements. A made-in-India Stripe and PayPal alternative.
IppoPay Technologies Private Limited
IppoPay is a Chennai fintech built for small merchants, freelancers and Tier-2/3 shopkeepers — UPI QR, sound-box payment alerts, POS, payment links/pages and merchant lending in one app. Domestic cards, net banking and UPI cost 1.9%, international cards 3.5%, no setup or monthly fee. Its own terms admit it does not itself hold RBI Payment Aggregator authorisation — settlement runs through partnered, RBI-regulated banks. Play Store rating: 4.0 from 1,691 reviews.
Instamojo Technologies
Instamojo is a Bengaluru-based payment and e-commerce platform powering 20 lakh+ Indian businesses since 2012 — payment links, embedded checkout, no-code online store builder, inventory, and integrated shipping. Supports UPI, cards, net banking, wallets, and EMI. mojoXpress for shipping and mojoCapital for business loans. No setup or monthly fees; 2% + Rs 3 per transaction. Stripe and PayPal alternative for Indian SMEs.
One97 Communications Ltd
Paytm is India's pioneering digital payments app for UPI transfers, mobile recharges, bill payments, online shopping and merchant QR scans. Trusted by 333M+ registered users and 100M+ monthly actives, Paytm bundles a wallet, Paytm Soundbox for shopkeepers, lending, insurance and investments. Now 100% Indian-owned after Ant Financial's exit in August 2025 and an RBI-approved payment aggregator since November 2025.
PhonePe Limited
PhonePe is India's most-used UPI payments app, with 700M+ registered users and roughly 46% of UPI transaction volume (NPCI, June 2026). Use it for instant money transfers, mobile recharges, bill payments and merchant QR scans, plus mutual funds, insurance and lending. PhonePe Pulse publishes free public dashboards on India's UPI traffic. Majority-owned by Walmart; headquartered in Bengaluru.
National Payments Corporation of India
BHIM (Bharat Interface for Money) is India's official UPI payment app by NPCI with 100M+ downloads and 128M active users. Instant peer-to-peer transfers, bill payments, merchant QR scanning, and balance checks linked directly to bank accounts. UPI Lite+ enables PIN-free payments up to Rs 1,000 per transaction. Supports 12+ Indian languages. Completely free with zero transaction fees, no ads. Government-backed PhonePe and Google Pay alternative.
