Instamojo is a digital payments platform that enables individuals and small businesses to collect payments online seamlessly.
Varies based on usage
Best PhonePe Business Alternatives ranked by AI · updated Aug 2026
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PhonePe Business provides Indian merchants with UPI collections, QR payments, payment acceptance tools, and business reporting. It is aimed at shops and service providers that want a widely used UPI network with merchant support.
Developer: PhonePe
Price: Free for some UPI collection tools; other services may be transaction-based
🎯 phonepe.com
Top 6 PhonePe Business alternatives
PayU is a leading online payment service provider that allows businesses to securely accept payments online.
Varies based on usage
Get UPI Link is an online service for creating shareable UPI payment links and QR codes for receiving payments in India. It...
Pros
- Generates direct UPI payment links without requiring a full payment gateway
- Useful for freelancers and small merchants collecting payments through messaging apps
- Supports the broad UPI ecosystem through payer-selected apps
Cons
- Lacks the reconciliation, webhooks, and settlement tooling of established gateways
- Payment success verification may depend on the payer's bank or app
- Less suitable than gateway platforms for subscriptions, marketplaces, and high-volume commerce
4
Cashfree Payments
Cashfree Payments India Pvt. Ltd.
Cashfree Payments offers payment infrastructure alongside identity, bank-account, document, and compliance verification APIs for Indian businesses. It suits companies that want onboarding...
Pros
- Strong combination of payment and verification services
- Broad coverage of Indian business and financial checks
- Suitable for marketplaces, lenders, and online businesses
Cons
- KYC tooling is less specialized than dedicated identity vendors
- Best value comes when payment services are also required
- Pricing and availability can depend on business volume
5
Razorpay Payment Links
Razorpay
Razorpay Payment Links lets businesses request payments through shareable links, with support for UPI, cards, wallets, and net banking. It is designed...
Pros
- More payment methods and reporting than a basic UPI-link generator
- Supports payment status tracking, reminders, and API integrations
- Better fit for businesses that may later need a full online checkout
Cons
- Requires merchant onboarding and verification
- Costs more than a free direct UPI link when transactions are processed
- More setup and operational complexity than Get UPI Link
Transaction fees, typically from 2% plus taxes
6
Paytm Payment Links
Paytm
Paytm Payment Links enables merchants to collect payments through shareable links using UPI and other supported payment methods. It is intended for...
Pros
- Recognizable payment brand for Indian customers
- Combines payment links with Paytm merchant tools and settlement reporting
- Can accept more than direct UPI transfers depending on account setup
Cons
- Merchant onboarding is required for business features
- Fees and eligibility vary by payment method and merchant category
- Less lightweight than Get UPI Link for simple personal collections
Transaction-based; rates vary by merchant plan
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