Alternatives to RazorpayX in India
We list 8 alternatives to RazorpayX. 5 are built in India. 5 have a free plan. The lowest price we state is ₹2,495 a month for greytHR.
Why people look for an alternative to RazorpayX
- Bills in rupees: “Pricing & plans. This vendor does not publish list prices”.
RazorpayX and 8 alternatives at a glance
| Tool | From, a month | Free plan or tier | Our score | Bills in ₹ | Built in India |
|---|---|---|---|---|---|
| RazorpayX (the one you are replacing) | Free plan; paid price not stated | Yes | 30 / 100 | Yes | – |
| Credgenics | Free plan; paid price not stated | Yes | 40 / 100 | Yes | Yes |
| M2P Fintech | Free plan; paid price not stated | Yes | 40 / 100 | Yes | Yes |
| Setu | Not stated | No | 20 / 100 | Yes | Yes |
| Finvu | Free plan; paid price not stated | Yes | 20 / 100 | Not checked | Yes |
| Decentro | Not stated | No | 10 / 100 | Not checked | Yes |
| Perfios | Free plan; paid price not stated | Yes | 50 / 100 | Yes | – |
| greytHR | ₹2,495 a month | No | 40 / 100 | Yes | – |
| Open Financial Technologies | Free plan; paid price not stated | Yes | 40 / 100 | Yes | – |
The alternatives, one by one
Credgenics Built in India
Best for: Noida-built SaaS debt collections and resolution platform — founded 2018 by Rishabh Goel (CEO). Suits startups.
Free plan; paid price not stated. Built in India. Bills in rupees: “INR billing through Indian entity with 18% GST — clean procurement”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read).
M2P Fintech Built in India
Best for: Chennai-built Asia-leading Banking-as-a-Service, Card Issuance and Lending OS platform. Suits startups.
Free plan; paid price not stated. Built in India. Bills in rupees: “Indian-founded; Chennai HQ; INR billing through Indian entity; RBI-compliant infra”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read). Vendor pricing page.
Setu Built in India
Best for: India's fintech API infrastructure platform. Suits Indian fintech startups and neo banks.
Not stated. Built in India. Bills in rupees: “INR billing through Indian entity”. Our score: 20 out of 100 (3 of 8 checks read).
Finvu Built in India
Best for: NBFC-licensed Account Aggregator · Pune-built · now owned by Finfactor (rebrand from Cookiejar Technologies. Suits startups.
Free plan; paid price not stated. Built in India. Our score: 20 out of 100 (4 of 8 checks read). Vendor pricing page.
Decentro Built in India
Best for: Indian banking API aggregator for fintechs. Suits Indian fintech startups and neobanks.
Not stated. Built in India. Our score: 10 out of 100 (2 of 8 checks read).
Perfios
Best for: India's profitable fintech-data unicorn. Suits startups.
Free plan; paid price not stated. Bills in rupees: “INR billing + GST invoice + Input Tax Credit is standard”. Keeps data in India: “data residency is India-domestic”. Gives a GST invoice. Our score: 50 out of 100 (6 of 8 checks read).
greytHR
Best for: Payroll, attendance and leave software for Indian companies. Suits startups.
From ₹2,495 a month. Bills in rupees: “Pricing page is titled 'HR and Payroll Software Price in India' and shows prices in INR (₹)”. Our score: 40 out of 100 (4 of 8 checks read).
Open Financial Technologies
Best for: India's largest SME neobank — business accounts. Suits startups.
Free plan; paid price not stated. Bills in rupees: “INR pricing, Indian bank rails, GST compliance”. Gives a GST invoice. Our score: 40 out of 100 (5 of 8 checks read). Vendor pricing page.
Before you switch
- Billing: ask each vendor whether it invoices in rupees with GST. Where we have not read the answer, the table says “Not checked”, not “No”.
- Data: exports differ. Try one real export from RazorpayX into the new tool on a free plan before you pay for a year.
- Price: a monthly figure is for one seat or the entry plan. Work out your own number of users, and read the vendor page linked under each tool.
- Indian-built options are marked on the table and shown first. They are not better for that reason alone; they are easier on rupee billing, GST invoices and support in your time zone.
Other alternatives pages
How this page is made
This page is built by a script from the same files as our tool pages, so it changes when a price, a score or an India-fit answer changes. Alternatives are picked by what we list for RazorpayX (its curated alternatives, the same use case and sub-category, shared tags and the compare pages we have), then ordered with Indian-built tools first, then by our score. A tool is left out when we have fewer than five real matches. Prices come from each vendor's own pricing page as read on our tool pages; the dates above are the days we read them. We may earn a commission on some vendor links elsewhere on the site; it does not change the order here. How the score works.