The Reserve Bank of India (RBI) recently imposed a ban on some of India's most popular payment gateways, including Razorpay, Cashfree Payments, PayU, and Paytm. Following the regulator's directive and the RBI's denial of payment aggregator (PA) licence applications, these companies have halted new sign-ups.
This does not imply, however, that retailers wishing to select a payment gateway in India have no options. In reality, online merchants are signing up in greater numbers, and payment aggregators like CCAvenue and Plural from Pine Labs have witnessed a surge in new user onboarding.
It's crucial to take into account aspects like transaction costs, payment alternatives, security protocols, and customer support when selecting a payment gateway. Additionally, it is wise to study evaluations and contrast the to choose the one that best meets your needs, compare the features of several payment gateways.
Advaypay is a fantastic alternative if you're looking for a dependable consultant to assist you in selecting the best payment gateway for your company. We provide all major payment channels and can offer knowledgeable guidance on which one will best suit your needs.
Despite the fact that some of India's top payment gateways may have been impacted by the current embargo, merchants still have a variety of options when looking for a dependable and secure payment gateway. You may select the ideal payment gateway for your company with the assistance of a reliable specialist like Advaypay.
For more details write us business@advaypay.com or call us at 8700277457.