What Razorpay does
Razorpay is an Indian payments and business finance platform for accepting payments, sending payouts, business banking, payroll and credit. It serves Indian businesses in sectors such as e-commerce, education, SaaS and financial services, plus freelancers, developers and international sellers. Payment tools include a payment gateway, payment links and pages, POS, subscriptions, QR codes, routing through Optimizer and international payments. RazorpayX adds bulk and API payouts, current and escrow accounts, corporate credit cards and accounting integration, while newer AI products include Agentic Payments and Agent Studio. Developers get a REST API, webhooks and SDKs. Standard gateway pricing is a 2% platform fee per successful domestic transaction plus GST, with no setup or annual maintenance fee.
How Razorpay compares with its closest alternatives
2 of the 5 closest alternatives have a free plan, as Razorpay does. All 5 offer an API, as Razorpay does. Razorpay offers a web app and a mobile app. Of the 3 alternatives with platforms on record, 2 offer a web app and all 3 offer a mobile app. Razorpay was founded in 2014; the alternatives were founded between 2006 and 2018, 2 of them earlier. Razorpay is based in Bengaluru, India; none of its 5 alternatives is in India. They are in Nigeria, Indonesia, Brazil and elsewhere.