Payment Options for Export Import Trade Part XI - Directory of Indian and Overseas Payment Gateway Services

In this concluding article on credit card payment gateway services - I have compiled a list of payment gateway services from all over the world with special emphasis on India. These companies provide full range of payment gateway services that we have discussed. Many of them provide additional ones - please check with service providers for details.


Indian Payment Gateway Services

Following is a list of Indian Payment Gateway service providers. All of these companies may not have their own gateways - but all of them offer full range of services:

  • Transecute
    First Indian payment solution company - transecute offers full range of gateway services in collaboration with ICICI bank and HDFC Bank. Reliable service and prompt customer support has been the hallmark of transecute services. Coverage of more credit and debit cards will make it industry leader. Merchant account not necessary(* please see explanation below)

  • ICICI Bank Payseal
    Offers full range of payment gateway services. from its own set-up. Requires Merchant Account.

  • HDFC Bank
    Like ICICI bank, has its own payment gateway set-up and offers full-range of payment gateway services. Requires Merchant Account.

  • CITI Bank
    Like ICICI bank, has its own payment gateway set-up and offers full-range of payment gateway services. Requires Merchant Account.

  • CC Avenue
    Offers full range of payment gateway services in collaboration with various banks. Covers wide range of credit cards, debit cards and on-line bank transactions. Merchant account not necessary(* please see explanation below)

  • Softbit
    A new entrant in payment gateway service

  • (*) Merchant account not necessary
    An individual 'merchant account' is a pre-condition for subscribing to an online payment gateway. The process to become merchant involves due diligence banking process and paper-work. It also requires third party validation for good credit rating. The whole process may take some time and newly established businesses may find it difficult to comply with.


Payment Gateway Services from all over the world

Happy and Safe Surfing

Dr. Amit K Chatterjee

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Source: FAIDA - Newsletter on Business Opportunties from India and Abroad Vol: 5, Issue 3 ; April 29' 2004

Author : Dr. Amit K. Chatterjee
(Amit worked in blue-chip Indian and MNCs for 15 years in various capacities like Research and Information Analysis, Market Development, MIS, R&D Information Systems etc. before starting his e-commerce venture in 1997. The views expressed in this columns are of his own. He may be reached at amit@infobanc.com )


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