10 Most Promising Cards & Payments Solution Providers - 2020

10 Most Promising Cards & Payments Solution Providers - 2020

Technology has been a great enabler; today, we live in a world dominated by smartphones, tablets, booming e-commerce everywhere, digital QR code payment, digital wallet adoption, and a host of other methods to carry out transactions online. The tradition of carrying hard cash is a thing of the past. Globally, non-cash transactions increased 14 percent in 2018- 2019 alone, an estimated count of 708.5 billion transactions.

Payment Services has become an essential link for the operation of any commerce in today’s world. Working behind the scenes, cards & payment solution providers represent a vital link that keeps the global financial chain ticking. Payment solution providers bring all financial parties together to deliver a seamless payment experience for merchants and their customers alike.

From handling the entire payment transaction to ensuring merchants get paid on time and right from authorization to settlement, payment service providers facilitate the transfer of funds from customers’ accounts to merchants’ accounts and vice versa.

India, too has mirrored the developments happening in the global cards & payments domain. With over 1 billion mobile subscriptions, India holds the second position in terms of mobile users, only behind China. To top it up, with the growing 4G penetration and 5G just around the corner, the number of online payments is likely to scale up to magnifying proportions in the coming years ahead. Today, India has the largest marketing potential opportunities for digital payments.

In this edition of CIOReviewIndia, we present a list of “10 Most Promising Cards & Payments Solution Providers - 2020”. A distinguished panel of CEOs, CIOs, industry analysts, and the CIOReviewIndia editorial team have nominated the companies. The enlisted companies have unparalleled domain expertise and are constantly in the process to fill the existing gaps prevalent in the cards & payments domain through their innovations, enabling businesses and their customers to make payments anytime, anywhere.

We present to you CIOReviewindia 10 Most Promising Cards & Payments Solution Providers - 2020.

Top Cards & Payments Solution Providers

Company Name Company Description
anyEMI Online Services An aggregator of online EMI services, offering convinient and time saving solutions to its customers.
Atom Technologies Ltd An end to end payment service provider offering a bouquet of products and services enabling business houses and individuals to transact in a user friendly manner with convenience, speed & utmost...
CCAvenue A Payment Gateway Service Provider in India that accepts and validates Internet payments via Credit Card, Debit Card, Net banking, ATM-cum-Debit Card, Mobile Payment and Cash Card modes from the...
Citrus Pay A payment stack for developers that enables instant payment for businesses and seamless checkouts for consumers.
DirecPay One-stop payment gateway solution for merchants who conduct online transactions or e-commerce.
Razorpay Full-stack financial solutions company that offers solutions across verticals that includes Payment gateway, payment Links, Payment Pages, Subscriptions, Smart Collect among many others.
ToneTag Harnesses the power of sound waves to build a robust channel providing unparalleled convenience and experiences for a multitude of use cases across the payments, retail and mobility sector.
WhizPay Delivers omni-channel payment processing backed by patented technology for security in addition to payment aggregation, BOD and PCI.
Zaapkay Online payment gateway providing a platform Merchant Account which offers multiple electronic payment systems.
Zenpay Solutions A Fintech company offering hassle free digital payment solutions to employers and employees making the payment process simple and efficient for all.