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Top Competitors to Consider
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#2 Razorpay
Comprehensive payments gateway supporting UPI, cards, net‑banking, and a built‑in invoicing suite with auto‑reminders and GST compliance.
#3 Instamojo
Simple merchant account for Indian SMBs offering payment links, QR codes, and an integrated invoicing dashboard with GST support.
#4 CCAvenue
Legacy Indian payment gateway with multi‑currency support, recurring billing, and a customizable invoicing portal.
#5 PayU
Global payments platform with UPI, cards, and a robust invoicing module that automates tax calculations and payment reminders.
#6 Cashfree
Fast payouts and payment gateway for Indian businesses, featuring bulk payouts, subscription billing, and an easy‑to‑use invoicing UI.
UPI‑centric merchant solution with QR code payments, payment links, and a simple invoice generation tool.
Leverages UPI to let merchants receive payments via QR codes and send digital invoices directly to customers' Google Pay app.
#9 Stripe
International payments infrastructure with support for cards, ACH, and a powerful invoicing API that handles taxes, subscriptions, and multi‑currency billing.
#10 PayPal Business
Widely accepted global payment gateway with invoicing, subscription billing, and buyer‑protection features.
#11 Square
All‑in‑one POS, online payments, and invoicing platform with inventory management and automatic tax calculation.
#12 Zoho Invoice
Cloud invoicing software that integrates with Zoho Books, supports GST, recurring invoices, and multiple payment gateways.
#13 Zoho Books
Full‑featured accounting suite with built‑in invoicing, payment gateway integrations (including Paytm), and compliance tools for Indian taxes.
Popular accounting platform offering professional invoices, automatic payment reminders, and integrations with major Indian gateways.
#15 FreshBooks
User‑friendly invoicing and time‑tracking solution with online payment acceptance via Stripe, PayPal, and local Indian gateways.
#16 Xero
Cloud‑based accounting software with invoicing, bank reconciliation, and a marketplace of Indian payment gateway add‑ons.
#17 Invoice Ninja
Open‑source invoicing platform supporting over 40 payment gateways, recurring billing, and custom tax rules.
#18 ClearTax GST
Indian tax compliance tool that also offers invoicing, GST filing, and integration with major payment processors.
#19 Khatabook
Mobile‑first bookkeeping app for Indian merchants with digital invoice generation and UPI payment collection.
#20 Payoneer
Cross‑border payment platform that provides invoicing, mass payouts, and multi‑currency accounts for freelancers and SMEs.
Although primarily African, Paystack’s API model is mirrored by Razorpay X, offering a developer‑friendly payments suite with invoicing, payouts, and subscription billing.