Cashfree Payments is a next-generation digital payments provider for Indian businesses, offering a suite of solutions to help companies collect and disburse money seamlessly. Cashfree Payments delivers a comprehensive payment gateway supporting instant settlements and refunds, API-driven bulk payouts, split payments for marketplaces, bank account verification APIs, a dedicated UPI stack, and Auto Collect—a virtual account solution for matching inbound payments to individual customers.
Cashfree Payments is a licensed payment aggregator in India and collaborates with all major banks to build the underlying payments and banking infrastructure that powers its products. Their platform is integrated with widely used business tools and e-commerce platforms, including Shopify, Wix, PayPal, Amazon Pay, Ola Money, and Google Pay, enabling broad accessibility for merchants.
Their technology is trusted by over 50,000 businesses across India, ranging from leading consumer brands to fast-growing startups and donation platforms. Notable customers include Xiaomi, Nykaa, Zomato, Zoomcar, Cred, Swiggy, Shell, Zepto, Dunzo, Ketto, and Milaap.
What technology enables Cashfree Payments?
Cashfree Payments leverages API-first architecture and direct integrations with India’s core banking and payments systems—such as UPI, NEFT, IMPS, and RTGS—to provide real-time payment processing and automated reconciliations. Their platform is built for scalability and speed, supporting instant settlements and high-volume payouts, which are critical for sectors like e-commerce, marketplaces, and gig economy platforms. Their dedicated UPI stack and virtual account solutions further streamline the payment experience for both merchants and end customers.
Who uses Cashfree Payments?
Cashfree Payments serves a wide spectrum of Indian businesses, including:
- E-commerce platforms
- Marketplaces
- Fintech startups
- On-demand and gig economy companies
- Donation and crowdfunding platforms
- Enterprises requiring automated bulk payouts or payment collections
Some of their well-known customers are Xiaomi, Nykaa, Zomato, Zoomcar, Cred, Swiggy, Shell, Zepto, Dunzo, Ketto, and Milaap, illustrating a focus on both high-growth digital businesses and established enterprises.
Who are Cashfree Payments’ competitors?
Cashfree Payments operates in the highly competitive Indian digital payments and payment gateway sector. Key competitors include:
- Razorpay: Offers an extensive suite for accepting, processing, and disbursing payments for Indian businesses.
- PayU: Enables digital payment acceptance across cards, net banking, UPI, wallets, and more.
- Paytm: One of India’s largest payment gateways, known for multi-instrument acceptance and fast integration.
- CCAvenue: Serves millions of merchants with a PCI-DSS compliant, end-to-end payment solution.
- Zaakpay: Focuses on secure payment acceptance and distribution for online businesses.
- PhonePe: Offers zero transaction and setup fees, with a focus on UPI payments and merchant onboarding.
- Easebuzz: Provides scalable, secure payment gateway solutions for enterprises and SMEs.
- EBANX: Delivers local and international payment solutions, including UPI for Indian businesses.
While these companies offer overlapping capabilities, Cashfree Payments differentiates itself with its API-driven bulk payout solutions, instant settlement features, and strong integrations tailored for Indian markets.
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