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101 Top Indian Payments Companies and Startups of 2021

This article showcases our top picks for the best Indian based Payments companies. These startups and companies are taking a variety of approaches to innovating the Payments industry, but are all exceptional companies well worth a follow.

We tried to pick companies across the size spectrum from cutting edge startups to established brands.

We selected these startups and companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Top Indian Payments Startups

Data sourced from Crunchbase and SemRush.

Paytm

Paytm

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Paytm is a payment gateway that provides payment services for customers and merchants.

Razorpay

Razorpay

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Razorpay is a platform that enables businesses to accept, process, and disburse payments.

Razorpay

slice

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Slice is a fintech company based in India to pay bills, manage expenses, and unlock instant rewards.

Razorpay

CRED

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CRED is a members-only credit card management and bill payments platform that rewards users every time they pay their credit card bills.

Razorpay

Instamojo

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Instamojo is an on-demand payments platform that enables entrepreneurs to build, manage, and grow their business online.

Razorpay

Pine Labs

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Pine Labs is a merchant commerce platform that provides financing and last-mile retail transaction technology to merchants.

Razorpay

Cashfree

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Cashfree is a payments and banking technology company that enables businesses in India to collect payments online and make payouts.

Razorpay

MobiKwik

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MobiKwik is India’s leading fintech platform, operating businesses in consumer payments, payment gateway, and financial services.

Razorpay

OPEN

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Open develops and offers an online platform for banking and intercompany settlement.

Razorpay

Paytm Payments Bank

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Paytm Payments Bank is a mobile-first bank with zero balance-zero digital transaction charge accounts.

Razorpay

Mswipe Technologies

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POS, Mobile POS, mPOS, Card Payment, Payment Solutions, mQR, QR code, Digital Payments, Card Swipping Machine, NFC Payment

Razorpay

BharatPe

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BharatPe is a FinTech company that helps merchants accept payments from customers for free.

Razorpay

FamPay

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FamPay offers UPI, P2P, and card payments that allows parents to send money to their teenage kids.

Razorpay

One97

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One97 delivers mobile content and commerce services to its customers.

Razorpay

Perpule

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Perpule’s UltraPOS is a cloud based, mobile POS system that substantially improves the billing and checkout process at your stores.

Razorpay

Simpl

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Simpl is a market leading Pay-Later platform in India

Razorpay

Avail Finance

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Avail is a digital app that offers loans with flexible repayment options to the blue-collared workforce of India.

Razorpay

SBI Card

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SBI Card, a player in the Indian credit card market.

Razorpay

FreeCharge

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FreeCharge is a service that gives users coupons for charging their mobile plans.

Razorpay

True Balance

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True Balance is a digital wallet that enables users to access utility bill payment and other financial products.

Razorpay

Billdesk

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BillDesk, a property of IndiaIdeas.com Ltd. was conceived in early 2000 to solve the frustrations of most of us when it comes to paying

Razorpay

JUSPAY

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Juspay is a developer of an online platform designed to be used for mobile-based payments.

Razorpay

FlexiLoans

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FlexiLoans is a digital lending platform for SMEs in India

Razorpay

YAP

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YAP is the API Platform for Banking and Payments products in Asia. More than 200 Fintechs across Asia rely on YAP

Razorpay

Ezetap

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Ezetap Mobile Solutions is a payment device maker.

Razorpay

InstantPay

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Financial Services for Larger India

Razorpay

SafexPay

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Safexpay is a B2B2B fintech focussed on platform & API infrastructure for businesses across the globe

Razorpay

ftcash

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ftcash empowers the underserved micro-merchanrs through financial inclusion using digital payments and loans.

Razorpay

Financial Software & Systems

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Financial Software & Systems (FSS), is a global comprehensive payments technology provider.

Razorpay

CASHe

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For timely EMI payments or squaring monthly bills, making a major purchase that you so desired

Razorpay

India1 ATM

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India1 ATM operates a chain of ATM and point-of-sales (POS) terminals around the world.

Razorpay

ToneTag

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Enabling Contactless Payment on any device

Razorpay

Kaleidofin

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Kaleidofin is a fintech platform that provides complete financial solutions for excluded individuals and households.

Razorpay

Junio

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Junio is a kids-focused digital pocket money-smart card.

Razorpay

Innoviti

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Innoviti develops payments processing, credit distribution, and payments management software solutions.

Razorpay

ePaylater

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ePaylater gives customers the option to ‘buy now and pay later’ on online portals with just one click.

Razorpay

Paymatrix

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Paymatrix Manages cash-crunches and unanticipated expenses using a credit card.

Razorpay

PayMate

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PayMate is an Indian market leader in B2B payments for Enterprise and SME across supply chains.

Razorpay

Clix Capital

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Clix Capital provides commercial finance services intended to provide commercial lending and lease facilities.

Razorpay

ShopSe

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ShopSe is a offers pay later and instant EMI platform.

Razorpay

TranServ

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TranServ is serving a variety of organizations and individuals to make payments processes easy & safe.

Razorpay

RedCarpetUp

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RedCarpet lends to customers in India to finance their online purchases – ecommerce, travel, etc.

Razorpay

Payswiff

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PaySwiff is India’s leading omni channel transactions solution provider to small, medium and large enterprises.

Razorpay

FypMoney

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FypMoney is Pocket Money App designed for the Teenagers to give them financial freedom without being dependent on parents cards.

Razorpay

airpay

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Airpay offers online payment gateway solutions for e-commerce and retail markets in India.

Razorpay

EbixCash

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EbixCash offers you an easy cash card solutions for Individuals and corporates.

Razorpay

GramCover

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GramCover develops online based insurance brokerage marketplace.

Razorpay

DotPe

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DotPe is a technology start-up providing a commerce and payments platform to offline enterprise businesses.

Razorpay

M-Pesa

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M-Pesa is a fast, secure and convenient way to transact on mobile brought to you by Vodafone.

Razorpay

Citrus Payment Solutions

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Citrus Payment Solutions provides consumer payments and mobile banking services.

Razorpay

EnKash

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EnKash – Commercial Payments & Cards Platform

Razorpay

Zepo

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Zepo helps small business sell online easily. Anyone can open their online store using Zepo in 5 minutes.

Razorpay

BASIX Sub-K iTransactions

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Sub-K is a service company that offers affordable, accessible and scalable digital payment solutions to the BoP segment.

Razorpay

Fingpay

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Fingpay is working towards excellence in the Computers space.

Razorpay

Khatabook

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Khatabook is the fintech startup that provides a digital ledger app targeted primarily at small businesses.

Razorpay

goDutch

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GoDutch is a fintech application that powers group payments.

Razorpay

MoneyOnMobile

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MoneyOnMobile is India’s largest mobile payment platform that facilitates safe and easy financial transactions to millions of Indians

Razorpay

OlaMoney

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OlaMoney which provides mobile payments.

Razorpay

POKKT

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POKKT is an Alternate Mobile Payment Platform that helps owners of Paid Digital Goods and Services to monetise thier users through an

Razorpay

SmartQ

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SmartQ designs a mobile application that digitizes food courts and cafeterias and provide an enhanced experience.

Razorpay

RupeeRedee

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RupeeRedee is a digital platform that helps customers borrow money for their short term needs at the click of a button.

Razorpay

Altum Credo

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Altum Credo is a Housing Finance Company.

Razorpay

Zerone Microsystems Private Limited

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We convert smartphones into a POS machine using our ZUP proximity payment technology, with no additional hardware and no need for NFC.

Razorpay

YPay Card

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YPay Card is the new way to manage your money.

Razorpay

Transaction Solutions International (India) Pvt Ltd

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TSI India specializes in providing solutions in the Payments, Electronic Surveillance and Managed Services space.

Razorpay

Eroute Technologies Private Limited

Crunchbase Website Twitter Facebook Linkedin

Card-based consumer payment company with a mission to redefine spending experiences in pre-banked & under-banked segments of our society.

Razorpay

Chillr

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Chillr is a mobile and web application that allows users to send money directly between bank accounts using just the mobile number.

Razorpay

Zovi

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Zovi designs and manufactures high-quality lifestyle apparel and accessory products and exclusively offer them online.

Razorpay

HomeCapital

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HomeCapital is a tech company focused on helping people buy their first home with down payment assistance at zero interest cost.

Razorpay

Momoe Technologies

Crunchbase Website Twitter Facebook Linkedin

Mobile payments for real life merchant interactions.

Razorpay

ePaisa – enabling commerce

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ePaisa is an Ai & ML based Point of Sale with payment acceptance, inventory & more.

Razorpay

Electronic Payment and Services

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Electronic Payment and Services is a payment systems company that offers payments services to banks and their customers.

Razorpay

SIFIPAY.COM

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SIFIPAY is one of the fastest growing payment solution providers in India. Funds collections & Payouts were never so easy !!

Razorpay

Raincan

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Raincan is a subscription based service provider for morning and breakfast essentials.

Razorpay

Bijlipay

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Bijlipay, is the go-to-market brand of Skilworth Technologies Private Limited

Razorpay

MoNeed

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MoNeed is a comprehensive Fintech platform in India.

Razorpay

LivQuik

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LivQuik provides a complete suite of Prepaid Payment products

Razorpay

Trupay

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Truepay is a secured bank agnostic-platform that offers financial services to its customers.

Razorpay

Eko

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Eko India Financial Services provides a low cost infrastructure to enable instant, secure and convenient financial transactions.

Razorpay

NumberMall

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NumberMall is born with a vision to tech-enable the small merchant.

Razorpay

UDMATech

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UDMATech Though the Business world intends to move towards cashless society, the payment transactions through Credit Card.

Razorpay

Hitachi Payment Services

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Hitachi Payment Services provides financial services and a payments ecosystem for financial institutions and retailers.

Razorpay

Mera Cashier

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Mera Cashier is a mobile app which is useful for credit transactions (Udhar Khata) of entrepreneurs, businesses and shopkeepers.

Razorpay

NearPe

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NearPe is a cash collection payment gateway for online retail payments.

Razorpay

obopay

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Obopay is a mobile application that allows consumers and businesses to purchase, pay, and transfer money through any mobile phone.

Razorpay

FortunePay

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FortunePay offers comprehensive end-to-end electronic payment platform and services to acquiring banks and merchants.

Razorpay

Jaysel

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We’re a fin-tech company based in India & we hope to live in a world where everyone has access to financial services.

Razorpay

Nupay

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NUPAY is a next generation ‘Neo Banking’ Business Payments Platform for Large Enterprises

Razorpay

Swipez

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Swipez is a payment collection platform.

Razorpay

Epifi

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India’s first neo bank for salaried millennials.

Razorpay

Payzello

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Payzello is a mobile-first bank account, credit and payment solution provider.

Razorpay

LotusPay

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LotusPay is the recurring payments solution for businesses in India.

Razorpay

Cradle

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Cradle is a provider of a one-stop-shop for all your business financing needs.

Razorpay

Mypoolin

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Payments Infrastructure Provider

Razorpay

Escrowpay India

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Escrowpay India is a neutral, online and convenient escrow platform.

Razorpay

OmegaOn

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OmegaOn is FinTech startup company that aims to build a technology which can let anyone make online payments.

Razorpay

TechProcess Solutions

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TechProcess Solutions offers transaction and payment processing services across a spectrum of industries in India.

Razorpay

Swipesumo Technologies

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Swipesumo Technologies provides solutions for digital payment and mobile payment processing.

Razorpay

SmartPocket

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SmartPocket is a mobile wallet to digitize your plastic cards and makes them smart.

Razorpay

Savvy

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An all-in-one multi-currency crypto wallet helping consumers and businesses transact using cryptocurrency, supporting 1000+ currencies.

Razorpay

FINVASIA

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Finvasia is amongst India’s fastest growing Fintech company

Written by Mark Fitz

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