Best Online Payment Gateways in India & International 2024 (2024)

FAQs

What is the payment gateway in India 2024? ›

From the list mentioned above, we can easily say that Instamozo, RazorPay, and CC Avenue are the best payment gateway in India for different reasons.

Paytm All-In-One Payment Gateway is regarded as the best payment gateway in India that helps merchants accept payments from international clients. It supports transactions from more than 200 countries via all major international cards and does not require additional API integration.

Next Gen advance features

With India's best Payment Gateway, you get the Next Gen features and value-added services to enhance your payment experience to the next level. AUTH Capture, Flash Checkouts, Multi Bank routing and many more such features are all available with your payment gateway.

Ø The payment gateway market size in India is expected at US$1.21 billion in 2024 to US$2.66 billion by 2029, growing at a CAGR of 17.16% during the forecast period (2024-2029).

Omnichannel payments, and business banking platform, Razorpay has achieved an annualized Total Payment Volume (TPV) of $150 Billion. With this milestone, Razorpay gains a majority market share, making it India's market leader in the Digital Payments Processing category.

Razorpay payment gateway is an ecommerce service that is compatible with International. It helps processes online payments for online as well as offline businesses. Razorpay allows you to accept credit cards, debit cards, netbanking, wallet, and UPI payments.

In India, popular digital payment options include UPI wallets such as Paytm and PhonePe, internet banking services, debit/credit cards, and AEPS.

After being valued at $26.79 billion last year, the global payment gateway market is expected to grow at a compound annual growth rate of 22.2% by 2030.

Which payment gateway is used by Amazon? ›

Global card networks we support include American Express, Mastercard, and Visa. Local payment methods include KNET, Mada, MEEZA, NAPS and Sadad. Your customers can also pay using popular digital wallets including Apple Pay, Masterpass and Visa Checkout.

"Online payment services (e.g., PayPal, Amazon Pay)" and "Debit card" are the top two answers among Indian consumers in our survey on the subject of "Most common online payments by type".

As per new guidelines, per day, 20 UPI transactions are allowed; after that user has to wait for 24 hours to start the transaction. These limits may vary from bank to bank. Only 10 transitions are allowed for third-party UPI apps. Also, a 30% volume cap has been put on all UPI apps by NCPI.

Banks servers are the primary reason for the payment failure as payments gateways have to maintain connection with each and every bank. Due to network issues and bad internet connection. This is one of the big reason why the failure rate is above 10%.

CCAvenue is one of the oldest payment gateways in India launched in the year 2001. It is South Asia's largest payment gateway solution powering thousands of E-Merchants with real time, multi-currency, multiple payment options online payment processing services. They claim to complete the activation in 24 hrs.