What is Razorpay?
India's leading payment gateway enabling businesses to accept online payments via UPI, cards, netbanking and more.
Definition
Razorpay is India's most widely used payment gateway, founded in 2014 in Bangalore. It enables businesses to accept online payments through 100+ payment methods including UPI, credit/debit cards, net banking, EMI, and digital wallets. Razorpay's transaction fee is 2% for most payment methods (0% on UPI). It offers payment pages, checkout integration, subscription billing, payment links, and payout capabilities. For Indian ecommerce and B2B invoicing, Razorpay is typically the first payment integration.
Why It Matters for Indian Businesses
Razorpay has become the default payment infrastructure for Indian digital businesses — from bootstrapped startups to unicorns. Its support for UPI (India's largest payment method by transaction count), seamless mobile checkout, and developer-friendly API make it the most practical starting point for any business accepting online payments in India.
Real-World Example
An ed-tech startup in Noida integrates Razorpay payment page into their course enrollment form. Students can pay via UPI (most popular), debit card, or EMI (for ₹50,000+ courses). Razorpay Smart Collect also enables virtual accounts for B2B payment reconciliation. The 2% transaction fee is justified by the elimination of manual payment collection via NEFT and the resulting 3x increase in enrollment completion rate.
Frequently Asked Questions
What is Razorpay?
India's leading payment gateway enabling businesses to accept online payments via UPI, cards, netbanking and more. Razorpay is India's most widely used payment gateway, founded in 2014 in Bangalore. It enables businesses to accept online payments through 100+ payment methods including UPI, credit/debit cards, net banking, EMI, and digital wallets.
Why does Razorpay matter for Indian businesses?
Razorpay has become the default payment infrastructure for Indian digital businesses — from bootstrapped startups to unicorns. Its support for UPI (India's largest payment method by transaction count), seamless mobile checkout, and developer-friendly API make it the most practical starting point for any business accepting online payments in India.
How can my business use Razorpay?
Razorpay is implemented by for indian ecommerce and b2b invoicing, razorpay is typically the first payment integration. Our team at Elance Consultancy has helped businesses across Hyderabad, Bangalore, Mumbai, and 50+ Indian cities leverage Razorpay effectively. Book a free consultation to discuss your specific requirements.
What are the results I can expect from Razorpay?
Results from Razorpay depend on your business type, competition, and implementation quality. See our example above for a real-world illustration. We set clear KPIs and reporting at the start of every engagement so you have full visibility into progress.
Related Terms
UPI (Unified Payments Interface)
India's real-time mobile payment system enabling instant bank-to-bank transfers via mobile number or QR code.
Ecommerce
The buying and selling of goods and services over the internet.
Shopify
A subscription-based ecommerce platform that enables businesses to create and manage online stores.
WooCommerce
The world's most popular ecommerce plugin for WordPress, used by 30%+ of all online stores.
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