Credit: https://www.digittrix.com/
Introduction
Online transactions are rising, and businesses need a trusted payment gateway. Razorpay & PhonePe lead India’s digital payments—but which suits your business best? Let’s find out!
Credit: https://www.google.com/
Key Features Comparison
Razorpay: Supports UPI, cards, net banking & wallets, offers advanced APIs, subscription payments, invoicing & analytics. PhonePe: Fast UPI, QR payments, retail adoption & cashback.
Credit: https://travellgds.com/
Business Suitability
Razorpay: Best for eCommerce, SaaS, and high-volume businesses needing API integrations.
PhonePe: Ideal for small retailers, offline businesses, and quick UPI transactions.
Credit: https://startuptalky.com/
Transaction Fees & Charges
Razorpay charges 0% for UPI, ~2% for credit/debit cards, and ~2.5% for wallets & EMI. PhonePe offers 0% for UPI, while merchant payments range from ~0.5% to 1%.
Credit: https://elextensions.com/
Security & Reliability
Both platforms offer robust security, but Razorpay provides additional fraud detection tools for businesses.
Credit: https://razorpay.com/
Who is Leading the Race?
For Businesses & Enterprises: Razorpay with its advanced features and API integrations.
For Consumers & Retail Payments: PhonePe due to its UPI dominance and cashback offers.
Credit: https://www.phonepe.com/