Best White-Label Payment Platforms to Collect Payments from Indian Customers

The best white-label payment platforms for collecting from Indian customers are: 1. Xflow, 2. Razorpay, 3. Cashfree, 4. EximPe, 5. Transact Bridge.

A white-label payment platform lets you take money under your own brand and domain, while a licensed provider runs the payment rail and the compliance underneath.

For a business selling into India, that means your own checkout page, the payment methods your Indian buyers expect, and an RBI-licensed provider handling the Indian registration and reporting instead of you.

For the deeper explainer, see our white-label payment gateway guide.

Xflow gives a company outside India a branded checkout for UPI, cards, netbanking and bank transfers, settling to your overseas account. You need no Indian company and no local bank account.

Xflow holds final authorisation from the Reserve Bank of India (RBI) as a Payment Aggregator - Cross Border (PA-CB), as of February 2026. Final means the licence has been granted, not just promised. See Xflow's India collection product.

There is no single winner. The right pick depends on which Indian payment methods you need, how much of your own branding you want to keep, and which legal structure suits you.

• Xflow - best for a business that wants Indian buyers paying by UPI, card or netbanking on a checkout carrying its own brand. The fit when India is a market you intend to grow rather than just accept the occasional payment from.
• Razorpay - best for a merchant that also sells inside India, or plans to. Its core business is Indian domestic payments, so domestic and cross-border volume can sit with one provider.
• Cashfree - best for a merchant that wants the widest payout-currency choice. It settles into more than 100 currencies, against a handful at most of the others here.
• EximPe - best for a merchant that needs to be collecting quickly. Onboarding is digital KYC with a short review, and merchants can be live in under 48 hours.
• Transact Bridge - best for a merchant that wants the tax and invoicing off its own books. As merchant of record it becomes the legal seller, which none of the licensed rails here do.

Foreign SaaS platforms and marketplaces hit the same wall in India. It has three parts.

• The payment methods are different - Indian customers pay by UPI, netbanking, RuPay and wallets. A global payment provider defaults to international cards, and a card-only checkout quietly loses most of them.
• The reach gap is large - UPI carries most of India's digital payment volume, so a card-only route reaches a minority of the people trying to buy from you.
• Doing it yourself takes months - your own Indian entity, bank account and GST registration are not a quick setup.

That is why marketplaces and SaaS platforms plug into a licensed provider instead. You connect to their local banking integration by API, and they carry the compliance.

Every platform here collects rupees from Indian customers on behalf of a business outside India. Tools that move money in the other direction do a different job.

Why not just use Stripe or PayPal?

Most foreign businesses try their existing processor first, then hit the India wall.

• Stripe offers UPI to merchants outside India collecting in INR, but nothing else on the India leg: no netbanking, no domestic wallets, no e-NACH. It also caps recurring UPI payments at Rs 15,000.
• PayPal holds no PA-CB authorisation and reaches Indian payers only by card and PayPal wallet, so it cannot show UPI or netbanking.

Other RBI PA-CB licensees run foreign-merchant collection too, PayU among them.

We ranked on what matters when a foreign business needs to collect rupees from Indian customers, not on brand recognition.

• A licence, or a clear legal structure - either a PA-CB authorisation or a transparent merchant-of-record model.
• Genuine no-entity collection - you can go live without an Indian company or local bank account.
• Native UPI, cards and netbanking - the methods Indian customers actually use.
• A real white-label checkout - your own brand and domain, not the provider's.
• API depth - a proper server-to-server API or SDK, not just a hosted link.

Razorpay, Cashfree, EximPe and Xflow are collection rails you plug into. Akurateco, Corefy and SDK.finance serve a different buyer: someone building their own payment company.

Four of these five are RBI-licensed collection rails: you stay the seller, and they collect on your behalf. Transact Bridge works differently, as merchant of record, which makes it the legal seller to your Indian customer.

That structural difference matters more than any feature gap, and it is worth settling before you compare anything else.

1. Xflow

Best for: you want Indian customers paying by UPI, card or netbanking, on a checkout that looks like yours, with no Indian company or local bank account to set up.

Xflow is a checkout experience built on licensed cross-border payment infrastructure, for businesses outside India collecting from Indian customers. It supports UPI, Visa and Mastercard, netbanking and bank transfers, with subscription billing through UPI AutoPay.

You collect in rupees and get paid abroad in your own currency.

Key features

• A white-labelled payment checkout on your own interface and domain.
• UPI across all major apps, plus cards, netbanking and bank transfers, with subscription billing through UPI AutoPay.
• Rupee collection, settled abroad in major currencies including USD, GBP, EUR, CAD and AUD.
• Final RBI PA-CB authorisation, as of February 2026. Final means the licence has been granted, not just promised.
• The India-side compliance runs automatically rather than sitting with your team.

Pros

• No Indian company or local bank account needed to start collecting.
• You control the branding end to end, so your buyer never lands on someone else's checkout.
• ISO 27001 and SOC 2 certified, and backed by General Catalyst, Lightspeed, Square Peg, Stripe, PayPal Ventures and Moore Capital.

Cons

• It covers the India corridor only.

Verdict: the strongest all-round pick if you want every Indian payment method live, your own brand on the checkout, and the RBI registration and reporting handled by Xflow rather than your team.

2. Razorpay

Best for: you also sell inside India, or plan to, and want one provider covering both.

Razorpay holds final PA-CB authorisation (2 December 2025). It supports UPI, UPI AutoPay, Indian debit and credit cards, netbanking and RuPay, with no Indian entity or local bank account, settling to an overseas account in a choice of currencies.

Key features

• UPI and UPI AutoPay, plus cards, netbanking and RuPay.
• No Indian entity or local bank account required.
• Settlement in USD, EUR, CAD, GBP, JPY, SGD, AUD and others, on a T+7 working-day cycle.

Pros

• One provider across your Indian domestic and cross-border volume, which matters if you already have an Indian entity or plan one.
• Seamless APIs, documentation and dashboard tooling, so a team can integrate and move on.
• Wide method coverage on a single integration.

Cons

• Settlement can take up to 25 days for a foreign merchant, against the T+7 its own guidance quotes.
• There is no onboarding route for a foreign company. Every business type it recognises is Indian and needs an Indian bank account, so you cannot sign up unassisted.
• Transactions are capped at USD 30,000, below the regulatory ceiling, which rules out higher-value B2B invoicing.

Verdict: a natural pick if you want one provider across Indian domestic and cross-border volume, and can work around the settlement window.

3. Cashfree

Best for: you want the widest choice of payout currency.

Cashfree collects UPI, RuPay, netbanking and cards across 90-plus banks, with no Indian entity, and pays out in USD, EUR, GBP, SGD, AUD, CAD, HKD and more than 100 other currencies.

Its standard settlement cycle is T+2. It holds final PA-CB authorisation (July 2024).

Key features

• UPI, RuPay, cards and netbanking across 90-plus banks, with no Indian entity.
• Payout in USD, EUR, GBP, SGD, AUD, CAD, HKD and more than 100 other currencies.
• A T+2 standard settlement cycle.
• Final PA-CB authorisation, held since July 2024.

Pros

• Netbanking across 90-plus Indian banks, which matters for the large-ticket payments Indian buyers often make by bank transfer.
• Full local payment-method coverage, so UPI-first buyers can pay normally.
• More than 100 payout currencies, so you can be paid into the account you already bank with.

Cons

• Edtech, travel and SaaS sellers face Indian accreditation requirements a foreign company cannot hold: UGC, ICSE, CBSE or AICTE for education, IATA or IRCTC for travel, and a PCI-DSS attestation for SaaS.
• A payment that has already succeeded can expire and be rejected if verification documents are not filed in time.
• Settlement timing is not a fixed commitment. The standard cycle is T+2, but it moves with bank approval, transaction type, business category and risk profile.

Verdict: the pick if payout-currency breadth is what decides it for you.

4. EximPe

Best for: you need to be collecting quickly, with onboarding that runs entirely online.

EximPe lets you accept rupee payments without an Indian company or local bank account.

It supports UPI, netbanking, RuPay and cards, settling offshore on T+2. Onboarding is digital KYC with a team review, so merchants can be live in under 48 hours.

Key features

• UPI, netbanking, cards and other local payment methods.
• No Indian company or local bank account required.
• Digital onboarding, live in under 48 hours.
• Holds final PA-CB authorisation, granted February 2026, covering both inward and outward transactions.

Pros

• Onboarding is fully digital and runs end to end online, so a merchant that needs to be collecting this week has a realistic path.
• Seven payout currencies: USD, EUR, GBP, SGD, AED, HKD and CNH.
• Built for foreign merchants collecting from India, rather than adapted from an Indian domestic product.

Cons

• You carry the currency risk between the sale and the payout. Conversion happens at the rate on the settlement date, not the rate when your buyer paid, so what you book and what you receive are two different numbers.
• Settlement is a target rather than a commitment: T+2 in normal conditions, up to five days in practice, and not guaranteed.
• There is no way to put your own brand on the checkout. The payment page is EximPe's, and no branding, logo or custom-domain option exists in the integration.

Verdict: worth a look if speed to going live is what matters most, and you are comfortable with a newer provider.

5. Transact Bridge

Best for: you want the tax and invoicing moved off your books entirely.

Transact Bridge does not hold a PA-CB licence. It works through a merchant-of-record and reseller structure built specifically to avoid needing one. It supports UPI, UPI AutoPay, netbanking, Paytm, PhonePe and cards, with no Indian entity.

As the merchant of record, it handles the tax, the local invoicing and the regulatory requirements.

Key features

• UPI, UPI AutoPay, netbanking, Paytm, PhonePe and cards, with no Indian entity.
• It is the legal seller to your Indian customer, not a rail you collect through.
• It issues the local invoice and handles Indian indirect tax.

Pros

• The tax and invoicing burden moves fully to the merchant of record, which no licensed rail can do for you.
• The full Indian rail set on one integration, including recurring mandates.
• You can still put your own branding on the checkout, even though it is the legal seller.

Cons

• It does not absorb the losses a merchant of record is usually bought for. You stay financially responsible for chargebacks, retrieval requests, fraud losses and the fees attached to them.
• You cannot see who you are contracting with, or under which country's law, until onboarding. Neither is named in the public agreement.
• It holds no payment licence of its own, and the structure that removes the licence requirement is one it asserts rather than one a regulator has certified.

Verdict: a good fit if you would rather hand off the whole tax and invoicing relationship than hold a licensed rail yourself.

Five questions, in this order. The first two usually settle it before cost comes up.

Check whether UPI is live at signup, or behind an activation step. -

If you sell to Indian consumers or small businesses, this decides more than anything else on the list, because UPI carries most of India's digital payment volume. The activation answer also changes your launch date, so get it in writing.

Find out whose brand sits on the payment page. -

Your buyer is about to hand over money. A white-label checkout keeps your name on that screen; a gateway-branded page puts someone else's there.

Ask to see a live checkout running on another merchant's domain before you accept a white-label claim.

Establish whether it is a licensed rail or a merchant of record. -

A PA-CB provider collects on your behalf, so you stay the seller and keep your own tax reporting. A merchant of record becomes the legal seller and takes that tax position on itself.

Both are valid, but they are not substitutes, and the difference decides what your finance team answers for.

Ask what happens after go-live, not just how you integrate. -

Server-to-server API or hosted checkout is the easy half. The parts that bite later are webhooks, refunds, reconciliation, reporting, and who picks up the phone when payments fail overnight.

If you want to build deeply, check the depth of the API-first payment platform on offer.

Confirm settlement speed and payout currency together. -

They only mean something as a pair. Getting paid quickly into a currency you do not bank in still costs you a conversion at the other end.

Two things are table stakes rather than differentiators: a localised checkout on the India leg, and PCI DSS compliance on card handling. Expect both. Neither should win a provider the deal.

Both sides of the checkout get something. Here is what changes.

For your business:

• Cards stop losing you sales - UPI and netbanking reach the buyers a card-only page drops.
• No Indian company - you collect without incorporating locally.
• No months of compliance setup - the provider carries the PA-CB and RBI obligations.
• Less reconciliation - rupees convert and arrive in your own currency on a predictable schedule.

For your Indian customer:

• They pay the way they normally pay - UPI or their own bank, not just a foreign card.
• Fewer declines - foreign cards fail often in India; local payment methods do not.
• Prices in rupees - no foreign-currency guesswork at the moment of payment.

Xflow is an embedded API, so the payment happens inside your own product rather than on a page you send people to. Your customer sees your brand throughout, and the money routes to your overseas account.

Here is the flow, step by step:

• Step 1 - Create the collection - your server calls the Xflow API with the amount in rupees and the customer's details.
• Step 2 - Show your branded checkout - the customer sees your page and picks UPI, a card or netbanking.
• Step 3 - The customer pays in rupees - they approve it in their own bank or UPI app.
• Step 4 - Xflow clears the India leg - the payment is captured and the RBI-side compliance is handled automatically.
• Step 5 - The money reaches you - it settles T+2 through an AD-1 bank to your overseas account, in your own currency.

For most businesses outside India collecting from Indian customers, Xflow is the pick.

Every Indian payment method is live on a checkout carrying your own brand and domain, the money settles to your overseas account, and you register no Indian company and file nothing with the RBI, under final RBI PA-CB authorisation.

The others earn the decision in narrower cases. Razorpay if you also run Indian domestic volume and want both sides on one provider. Cashfree if you want an established Indian gateway and its 90-plus bank netbanking network.

EximPe if you need to be collecting within 48 hours. Transact Bridge if you want the tax liability itself moved off your books, which is a merchant-of-record structure rather than a cheaper rail.

Weigh your payment methods, your branding, and how much of the India-side work you want to own, then pick the one that fits.