Business, Startups & Finance

Top 20 Alternatives to Paytm for Business in Payments & Invoicing Software

Paytm is a leading Indian digital payments and financial services platform that offers merchant accounts, QR‑code payments, UPI, and invoicing tools. If you are looking for other solutions that combine payment processing with invoicing, accounting, and subscription management for businesses, the list below covers the most popular and feature‑rich alternatives available globally and in India.

ID: 11320
Items: 20
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Razorpay

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Comprehensive payments gateway supporting UPI, cards, net‑banking, and a built‑in invoicing suite with auto‑reminders and GST compliance.

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Instamojo

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Simple merchant account for Indian SMBs offering payment links, QR codes, and an integrated invoicing dashboard with GST support.

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CCAvenue

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Legacy Indian payment gateway with multi‑currency support, recurring billing, and a customizable invoicing portal.

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PayU

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Global payments platform with UPI, cards, and a robust invoicing module that automates tax calculations and payment reminders.

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Cashfree

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Fast payouts and payment gateway for Indian businesses, featuring bulk payouts, subscription billing, and an easy‑to‑use invoicing UI.

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PhonePe for Business

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UPI‑centric merchant solution with QR code payments, payment links, and a simple invoice generation tool.

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Google Pay for Business

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Leverages UPI to let merchants receive payments via QR codes and send digital invoices directly to customers' Google Pay app.

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Stripe

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International payments infrastructure with support for cards, ACH, and a powerful invoicing API that handles taxes, subscriptions, and multi‑currency billing.

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PayPal Business

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Widely accepted global payment gateway with invoicing, subscription billing, and buyer‑protection features.

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Square

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All‑in‑one POS, online payments, and invoicing platform with inventory management and automatic tax calculation.

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Zoho Invoice

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Cloud invoicing software that integrates with Zoho Books, supports GST, recurring invoices, and multiple payment gateways.

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Zoho Books

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Full‑featured accounting suite with built‑in invoicing, payment gateway integrations (including Paytm), and compliance tools for Indian taxes.

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QuickBooks Online

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Popular accounting platform offering professional invoices, automatic payment reminders, and integrations with major Indian gateways.

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FreshBooks

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User‑friendly invoicing and time‑tracking solution with online payment acceptance via Stripe, PayPal, and local Indian gateways.

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Xero

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Cloud‑based accounting software with invoicing, bank reconciliation, and a marketplace of Indian payment gateway add‑ons.

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Invoice Ninja

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Open‑source invoicing platform supporting over 40 payment gateways, recurring billing, and custom tax rules.

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ClearTax GST

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Indian tax compliance tool that also offers invoicing, GST filing, and integration with major payment processors.

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Khatabook

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Mobile‑first bookkeeping app for Indian merchants with digital invoice generation and UPI payment collection.

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Payoneer

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Cross‑border payment platform that provides invoicing, mass payouts, and multi‑currency accounts for freelancers and SMEs.

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Paystack (India) – Razorpay X

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Although primarily African, Paystack’s API model is mirrored by Razorpay X, offering a developer‑friendly payments suite with invoicing, payouts, and subscription billing.