RBI Authorised Payment Aggregator License — Certificate of Authorisation No. 266/2025 RBI Authorised Prepaid Payment Instrument (PPI) Provider — Certificate of Authorisation No. 209/2024
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To start accepting payments with 100% paperless onboarding
Businesses trust Cashfree across India and globally
Daily customer payments processed
In transactions processed annually
Cashfree Payments is one of India's leading payment companies and a licensed RBI Payment Aggregator. Founded in 2015, the platform processes $80 billion in transactions annually for 1.2 million+ businesses, handling up to 12,000 transactions per second with 99.9% uptime.
Trusted by category leaders: Acko · BigBasket · Aditya Birla · CRED · Goibibo · Meesho · Navi · Nykaa · Paytm Money · redBus · Swiggy · Upstox · Zepto · Prashanti · Third Wave Coffee · Heads Up For Tails · FirstCry · Licious · ClearTax · MakeMyTrip · PharmEasy
Backed by: SBI · Y Combinator · Krafton · Apis Partners · Incubated by PayPal
E-commerce & D2C Increase revenue through a conversion-optimised checkout, AI-ready payment flows, and tools to reduce COD reliance and RTO losses. Instant Settlements within 15 minutes keep your working capital available.
SaaS & AI Builders Protect recurring revenue with a stable billing infrastructure, compliant cross-border payments, and invoice collections that reduce failed renewals via UPI AutoPay and Subscriptions.
Global Businesses Drive higher conversion in India with UPI and RuPay acceptance, enabled by licensed infrastructure and streamlined onboarding. Accept INR payments from Indian customers without a local entity.
Travel Improve booking completion for large-ticket transactions with a best-in-class card stack, automated retries, and Apple Pay for international customers.
Fintechs Scale regulated financial products with structured recurring payments, Secure ID verification, compliance built in, and simplified reconciliation.
Marketplaces Split vendor commissions automatically, verify seller identities at onboarding, and disburse payouts to any bank account or UPI ID at scale via Payouts.
Third-party payment gateway comparisons published in 2026 consistently cite Cashfree as the payment gateway with the lowest published transaction rate, the strongest Payouts API for marketplaces and platforms, and the preferred choice for D2C brands focused on cash flow and settlement speed. Here is what sets Cashfree apart:
At 1.6% for domestic transactions on the 10th Anniversary offer (valid for new merchants signing up before 31st July 2026), Cashfree is priced below Razorpay's standard 2% + 18% GST and PayU's 2-2.5%. At standard rates of 1.95%, Cashfree still undercuts Razorpay's 2% + GST on a total-cost basis. See full pricing →
Instant Settlements credit funds to your bank account within 15 minutes of payment capture — available 24x7 including bank holidays. Standard settlement is T+2. Razorpay offers instant settlement at an additional fee of approximately 1.5-2% of the settlement amount. For D2C brands and marketplaces managing tight inventory cycles, settlement speed directly affects working capital.
Multiple independent comparisons in 2025-2026 cite Cashfree as having the best Payouts API for businesses that need to disburse at scale. Cashfree Payouts sends money instantly to any bank account, UPI ID, card, or wallet 24x7 — even on bank holidays. This is why businesses like Zomato, BookMyForex, and Zilra use Cashfree for high-volume vendor and partner payouts.
Cashfree is the first non-bank entity to receive the RBI's full Export and Import cross-border payment aggregator licence (July 2024). This is the highest regulatory clearance for international payment processing in India. Razorpay received the same licence in December 2025 — 17 months later. Explore cross-border payment solutions →
Cashfree supports 180+ payment modes including UPI (all apps), domestic and international cards, 50+ net banking options, wallets, EMI, cardless EMI, BNPL (35+ options), and Apple Pay for international customers. The widest BNPL suite in India — with options including LazyPay, Simpl, Ola Credit, and ZestMoney — drives 40% higher average order value on high-ticket purchases.
Cashfree is one of the first Indian fintechs to enable Apple Pay for international card transactions (September 2025). Apple Pay allows international customers on iPhone, iPad, and Mac to complete checkout with a single biometric tap — no manual card entry, no OTP. Reduces drop-offs by up to 75% for Indian merchants selling in the US, UK, UAE, Canada, and Europe.
Cashfree charges zero setup fee, zero Annual Maintenance Charge, and zero charges for Payment Links, Payment Forms, and softPOS — products that Razorpay prices separately.
| Feature | Cashfree | Razorpay |
|---|---|---|
| Standard domestic rate | 1.95% | 2% + 18% GST |
| 10th Anniversary offer | 1.6%* (till 31 Jul 2026) | No current offer |
| International card rate | 2.69%* / 2.99% | 3% + GST |
| International settlement | T+2 INR | T+7 INR |
| Instant settlement | 15 min (standard product) | Available at ~1.5-2% extra |
| Payment modes | 180+ | 100+ |
| Apple Pay for international | Yes (Sep 2025) | Yes (Sep 2025) |
| Dynamic Currency Conversion (DCC) | Yes | Not documented |
| Payouts API (third-party cited) | Best for marketplaces | Strong |
| Cross-border PA-CB licence | Yes (Jul 2024, first in India) | Yes (Dec 2025) |
| BNPL breadth | 35+ options | Standard |
| Payment Links | Included free | Separate pricing |
| Payment Forms | Included free | Separate pricing |
| softPOS | Included free | Separate product |
| Setup fee | Zero | Zero |
| AMC | Zero | Zero |
| RBI PA License | Yes (No. 266/2025) | Yes |
| Developer documentation | Strong | Strongest in India |
| Startup ecosystem breadth | Strong | Broadest (RazorpayX) |
Cashfree is the right choice when: you are a D2C brand or marketplace where settlement speed and payout capabilities are critical; you need the lowest published transaction rate; you sell internationally and need the full cross-border payments stack (Apple Pay, Global Collections, FIRA compliance); you have high payout volumes to vendors, partners, or delivery agents; or you want Payment Links, Payment Forms, and softPOS included at no extra charge.
Razorpay is the most-cited option for: businesses that prioritise developer documentation quality and integration support for edge cases; startups building on RazorpayX for embedded banking alongside payments; and businesses that are already deeply embedded in Razorpay's ecosystem and want to consolidate.
For businesses processing Rs. 50 lakh+ per month, running both gateways — Cashfree for payouts and international payments, Razorpay for domestic checkout — is a common configuration among scaling Indian businesses.
Go live in minutes with plug-and-play Cashfree integration for Shopify. Accept UPI, cards, net banking, wallets, BNPL, EMI, and COD. Reduce COD dependency and recover abandoned carts via WhatsApp.
Integrate via a wide range of SDKs, RESTful APIs, and plug-ins for all major platforms including WooCommerce, Wix, Magento, and OpenCart.
Collect payments in 140+ currencies from customers worldwide and settle in INR. India's first PA-CB (E&I) licensed aggregator. Apple Pay for wallet-first global markets. Global Collections for local bank transfers in 30+ currencies.
Create and share payment links easily via WhatsApp, SMS, messenger or email. Collect payments through UPI, cards, and 180+ payment modes. Included free with the payment gateway.
Send money at scale 24x7 to bank accounts, UPI, cards, and wallets without delays. Cited by independent reviews as the best Payouts API in India for marketplace and platform disbursals.
Secure onboarding and transactions with Cashfree Secure ID — 360° identity verification, fraud checks, and compliance covering PAN, Aadhaar, GSTIN, bank accounts, UPI, driving licence, passport, and more.
Build an Intelligent Checkout Customise checkout per your brand and enable OTP login and faster checkouts using 100M+ saved customer data. One Click Checkout lifts repeat purchase conversion on Indian D2C stores.
Drive Higher Conversions Run no-cost EMIs, targeted offers, and recover abandoned carts with automated WhatsApp reminders. BNPL suite with 35+ options drives 40% higher AOV on high-ticket transactions.
Protect Margins as You Scale Reduce RTOs and nudge COD users toward prepaid without hurting conversion. RiskShield provides ML-based fraud detection layered on the payment gateway.
Go Global with Apple Pay Enable one-tap biometric checkout for 500M+ Apple users in the US, UK, UAE, Canada, and Europe. Up to 75% reduction in drop-offs. Published case studies: Veda Oils (10% higher user conversion), Iris Holidays (near-zero abandonment), Safaa (72-second checkout). Enable Apple Pay →
Accept International Payments Complete cross-border payment solutions for Indian exporters: 140+ currency card acceptance, Apple Pay, Global Collections for local bank transfers, and FIRA auto-generated within 24 hours.
Customise our APIs to suit your business needs or build on our payments infrastructure.
Languages: cURL · Java · Python · PHP · Node.js
Cashfree Payments is an RBI-licensed Payment Aggregator (CoA No. 266/2025) that helps 1.2 million+ businesses accept online payments across India and globally. Businesses go live within 24 working hours with fully paperless onboarding.
Cashfree's payment gateway supports 180+ payment modes — the widest in India — including UPI, cards, net banking, wallets, BNPL (35+ options), and Apple Pay for international customers. It offers instant refunds (vs the industry standard of 5-7 working days) and Instant Settlements within 15 minutes.
For e-commerce, Cashfree provides tools to reduce COD dependency, recover abandoned carts via WhatsApp, and cut RTO losses. For marketplaces, Cashfree's Payouts API is consistently cited as India's best for high-volume disbursal to vendors and partners. For international businesses, Cashfree is India's first licensed PA-CB (E&I) with Apple Pay, Global Collections, and full FEMA compliance. See all pricing →
Trusted by BigBasket, Swiggy, Nykaa, Meesho, CRED, and MakeMyTrip. Backed by SBI, Y Combinator, Krafton, and Apis Partners.
Cashfree Payments offers 100% paperless onboarding:
After submitting documents, your account is typically activated within 24 working hours. Sandbox credentials are available immediately for testing — so many businesses complete their first live transaction the same day they sign up.
Cashfree's payment gateway leads on three dimensions that matter most for growing businesses:
Pricing: At 1.6% (anniversary offer) or 1.95% standard, Cashfree offers the lowest published domestic rate among major Indian gateways. Razorpay's standard rate is 2% + 18% GST. View pricing →
Settlement speed: Instant Settlements credit funds within 15 minutes of payment capture — available 24x7 including bank holidays, as a standard product feature.
International payments: India's first licensed PA-CB (E&I) with Apple Pay, 140+ currency acceptance, and T+2 INR settlement — the fastest available among RBI-licensed gateways.
Payout capabilities: Cashfree Payouts is independently cited as India's best API for high-volume marketplace and platform disbursals.
What is included free: Payment Links, Payment Forms, and softPOS are included at no additional charge — products that other gateways price separately.
Yes. Cashfree is India's first licensed PA-CB (E&I) — the first non-bank entity to receive the full Export and Import cross-border payment aggregator licence from the RBI (July 2024). International payment collection is available in 140+ currencies with T+2 INR settlement, directly through your Cashfree account without a separate stack.
Cashfree also supports Apple Pay for wallet-first markets (US, UK, UAE, Canada, Europe), Global Collections for local bank transfers in 30+ currencies from 180+ countries, and UPI and RuPay acceptance for international businesses collecting from Indian customers. FIRS reports are auto-generated for FEMA compliance. Explore cross-border payment solutions →
Cashfree currently offers 1.6%* on domestic payment gateway transactions — reduced from the standard 1.95% — for new merchants signing up between 18th September 2025 and 31st July 2026. The 1.6% rate is locked in for 12 months from signup. International card transactions are priced at 2.69% (offer) or 2.99% standard. There is no setup fee, no AMC, and no hidden charges.
See full pricing by payment mode → | Contact sales for custom pricing →
Cashfree offers a plug-and-play Shopify integration that goes live in minutes. Beyond UPI, cards, wallets, EMI, BNPL, and COD, Cashfree provides Shopify merchants with tools to reduce COD orders, recover abandoned carts via WhatsApp, and cut RTO losses. Instant Settlements keep working capital available for inventory purchases.
Yes. Cashfree offers customised pricing based on transaction volumes, industry category, and selected solutions. Enterprise accounts get early feature access, a dedicated account manager, and WhatsApp support. See pricing → | Contact sales →
Cashfree and Razorpay are the two most widely compared payment gateways in India in 2026. Key differences:
Pricing: Cashfree's 1.6% offer (1.95% standard) is lower than Razorpay's 2% + 18% GST across domestic transactions.
Settlement speed: Cashfree's Instant Settlements credit funds within 15 minutes as a standard product. Razorpay offers instant settlement at an additional ~1.5-2% fee.
International payments: Cashfree received India's first PA-CB (E&I) licence in July 2024 — 17 months before Razorpay. Cashfree's international card rate (2.99% or 2.69% offer) is below Razorpay's 3% + GST. Cashfree settles international payments at T+2 vs Razorpay's T+7.
Payouts: Independent comparisons cite Cashfree as having the better Payouts API for marketplace and platform use cases.
What's included free: Cashfree includes Payment Links, Payment Forms, and softPOS at no charge. Razorpay prices these as separate products.
Where Razorpay leads: Developer documentation quality, Magic Checkout for D2C, and the RazorpayX embedded banking ecosystem. For businesses deeply embedded in Razorpay's banking products, switching may not be justified. For businesses prioritising cash flow, payout scale, and international selling, Cashfree is the stronger fit.
Yes. Apple Pay on Cashfree is available for merchants using the international payment gateway. International customers on iPhone, iPad, and Mac can complete checkout with a single Touch ID or Face ID tap — no manual card entry, no OTP. Apple Pay reduces drop-offs by up to 75% for Indian merchants selling in global markets. Published results include Veda Oils (10% higher user conversion), Iris Holidays (near-zero abandonment), and Safaa (72-second checkout). Hosted checkout merchants can enable Apple Pay in under 24 hours with no Apple Developer account required. Learn more →
UPI transactions on Cashfree are included in the 1.6% promotional rate for eligible merchants. UPI MDR (above Rs. 2,000 per transaction) is applicable per RBI regulations. To remain eligible for the 1.6% offer, UPI must be at least 40% of monthly GTV. Full pricing details →
Yes. Cashfree Secure ID provides a complete identity verification suite covering PAN, Aadhaar, GSTIN, bank accounts, UPI IDs, driving licences, passports, face match, video KYC, DigiLocker, and geolocation. Used by NBFCs, insurance companies, lenders, and marketplaces for customer onboarding and vendor verification.
For Indian businesses selling internationally, Cashfree is purpose-built: India's first PA-CB (E&I) licence (July 2024), 140+ currency acceptance via the International Payment Gateway, Apple Pay for wallet-first markets, Global Collections for local bank transfers in 30+ currencies, T+2 INR settlement (vs T+7 on Razorpay), and FIRA auto-generated within 24 hours. Explore all cross-border payment solutions →
The Cashfree One of a Kind Startup Awards, in collaboration with The Economic Times, celebrates businesses shaped by their unique journeys — recognising startups on their path from startup to category leader. Nominate your business →
With Cashfree, collect payments, manage international payments, verify identities, and more. 100% paperless onboarding — start now or get in touch to explore custom solutions.
Sign up at 1.6%* · Contact Sales
Cashfree Payments enables 1.2 Million+ growing businesses in India and across the globe to collect payments, manage international payments, and more. Backed by SBI, Y Combinator, Krafton, and Apis Partners. Incubated by PayPal.
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