This article showcases our top picks for the best India based Transaction Processing companies. These startups and companies are taking a variety of approaches to innovating the Transaction Processing industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top India Transaction Processing Companies
CARS24 offers a tech-enabled marketplace used for buying and selling pre-owned cars. The company aims to revolutionize the way used cars are sold by creating an efficient and reliable way for car owners to sell their used cars at a reasonable price.
It utilizes an AI-enabled pricing algorithm that displays the accurate market price as well as the appraisal price of a vehicle. The platform also books appointments for vehicle inspection.
The services provided by the company helps customers sell their vehicle in a secure and efficient manner. CARS24 is backed by Exor Seeds, Moore Strategic Ventures, and Unbound.
Cars24 was founded in Gurgaon, Haryana, India in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agrawal, and Gajendra Jangid.. .
PayMate is a leader in B2B payments for Enterprise and SME across supply chains. The PayMate platform provides a comprehensive digital workflow tied to payments which enable greater control and transparency along with better cash flows and an end to end reconciliation for a superior experience for Enterprise and SME in closed-loop supply chains.
PayMate works with leading Visa commercial card-issuing banks to facilitate credit for both payables and receivables across supply chains moving traditional cash, cheque and EFT to card streams with several built-in risk-mitigating benefits for banks and extended days payables for buyers. Platform features include Procure to Pay automation, credit evaluation, discount marketplace along with APIs for integration into existing accounts/ERP for minimal friction-based deployment.
It is cloud-based and accessible across all form factors. PayMate has a presence in South Asia (India) and UAE and is actively expanding across CEMEA..
At Recko they have been on a mission to streamline every reconciliation flow in the transaction lifecycle and unlock massive efficiency and accuracy gains. With the sudden blast of digital transactions, Enterprises, Banks and Financial institutions are finding it difficult to keep a track on the money flowing across the organisation.
They are building products which enable them to handle and monitor massive volumes of transactional data without writing a single line of code and ensure money is flowing between the right beneficiaries, with right deductions and in the right time.. .
Financial Software & Systems
FSS is a global banking and digital payments company, with headquarters in India. The company has 150+ global customers, a team of 2500+ payment professionals and presence in India, Africa, Asia Pacific, Europe, Middle East and North America.
FSS offers an integrated payments portfolio of Software Products & Custom Solutions and ATM, POS & Hosted Services. With 25+ years of experience in the payments domain, FSS offers expertise in Issuance, Omnichannel Acquiring, Digital Banking, Smart Reconciliation, Payment Processing, Monitoring, Digital Security, Payment Analytics and Financial Inclusion across various delivery channels and ecosystems.
FSS’ customers include Banks, Central Regulators, Governments, Financial Intermediaries including third-party electronic Payment Processors, Merchants and Payment Associations.. .
BookMyForex is the world’s first and largest currency exchange marketplace that connects customers looking to exchange foreign currency with the best banks and RBI authorized forex companies. We aggregate forex rates from multiple forex companies/ banks and compare these rates in real-time to determine the best rates available in every city and neighborhood in India.
These rates are then transparently displayed on our site 24×7. Effectively, we eliminate the need for customers to haggle with multiple low quality forex vendors.
Exchanging currency doesn’t need to cost an arm and a leg. In fact it doesn’t need to cost anything.
Using BookMyForex’s forex cards you can buy forex at exact interbank rates. That’s the same rates seen on search engines, forex trading sites and business news channels..
MagicX, has racked up 100,000 downloads since it was launched on Feb 24th 2016 and has also been the No. 1 new shopping app in Android.The app enables users to carry out day-to-day tasks like grocery shopping, bill payments, recharge, order food, book flight tickets and other utility services via a chat enabled, artificial intelligence platform and is currently available for free download in the Android store.
MagicX has tied up with about 20 partners across e-commerce, bill payments, recharges, groceries, travel etc. In this short time, MagicX has successfully driven huge traffic to some of these partners – in some cases emerging among their top 10 transaction sources..
PayLatr is a recurring micro-credit mobile platform offering interest-free monthly credits to low-income households in India to easily pay for retail transactions without cash, credit cards or other pre-paid means. On average, a middle-income household in India spends about 7,000 – 9,000 rupees at any neighborhood store.
More than 95 percent of transactions are in cash because most stores do not accept cards and/or users do not have credit cards. Often, households experience cash crunch issues by using up most of their cash for grocery shopping.
PayLatr offers monthly credit to improve their household cash flow by providing recurring monthly credit lines at various merchants, via mobile money.. .
TranZact is a cloud based peer-to-peer business network facilitating all kinds of transactions between businesses including discovery, end to end procurement and supply chain financing. For small suppliers, TranZact offers free e-Invoicing, faster payments and visibility on account receivables.
For big buyers, we enable them to have more control and visibility over their entire procurement work so that they can work more efficiently and economically. TranZact aims to change how businesses do transactions with each other.
With capability of handling complete Procure to Pay process, TranZact can make businesses much more efficient and save millions of dollars for them.. .
Zaakpay is a payments company based in New Delhi & Bangalore. Their aim is to solve the payment pain points for eCommerce in India.
Their first product Webpay, a credit & debit card processing product has just released. In terms of product, they are still at the foundation level and their aspiration is to build a skyscraper.
So there is a lot of new product that needs to be built bottoms up. Their team comes with significant background in payments and technology having worked with companies like PayPal, HSBC, Intel, Nvidia, Freescale, Intuit, Persistent and startups like MobiKwik, SmsGupShup..
Nelito Systems Ltd
Nelito has long established itself as a preferred IT solutions partner for the banking and financial institutions across emerging markets of the world. Our products, services and solutions are deployed in over 110 banks and financial services firms across more than 6000 sites.
They cater to all segments of Banks namely the Public Sector, Private Sector and Multi national Banks. Our FinCraft Product Suite comprises of a Core Banking Solution along with other modules such as MIS-ADF, Anti Money Laundering, Reconciliation, Cheque Truncation Software, Central Mandate Management Software, Data Archival & Retrieval and CRM..
Venture Infotek Global Private
Venture Infotek Global Private Limited operates as a transaction processing and knowledge management company in India. It engages in building infrastructure for enabling electronic payments in the field of end to end processing operations, including backend and front end of credit/debit/prepaid cards.
The company offers solutions in the areas of card issuance processing, card acquiring processing, card supply and personalization, Internet payment gateway, loyalty programs, Internet and mobile banking, mobile commerce, merchant acquisition, utility bill processing, and RFID solutions. Venture Infotek Global Private Limited also provides risk management services, such as analysis, identification, assessment, evaluation, planning, and management.
In addition, the company offers software services in the areas of point of sale terminal management systems, terminal applications, multi application solutions for point of sale, cards management systems, loyalty systems, and various payment cards. Venture Infotek Global Private Limited has strategic alliances and partnerships with IBM Global Services (India) Private Limited; Visa International; Selectsystem; and Welcome Real-Time.
It serves the banks, financial services, insurance, retail, and petroleum industries. Venture Infotek Global Private Limited was founded in 1997 and is based in Mumbai, India..
Zentora Overseas Careers
Zentora – There are several ways for an immigration aspirant to go and settle abroad. Some of the options require just a short wait time and some may take long, depending on the profile and eligibility of an aspirant.
While some aspirants are eligible for multiple countries, for some others, an exhaustive search of all the available options is needed required. Our successful and satisfied clients have made us the most trusted and reputed immigration and visa consultants in the world.
This in turn, has made us responsible towards our clients. We are totally committed for offering services to our clients that are beyond their expectations.
Almost all of the countries are encouraging people to come to their countries to Settle, Work, Study, Invest, Visit, Holiday, undertake a Business and for many more reasons. Zentora offers to process the visas for almost all of the countries such as Australia, Canada, Denmark, Hong Kong, USA, UK, etc., whichever the country which is accepting receptive favorable to receive these immigrants..
TimeusLAB team improved the main elements of the blockchain: a new consensus algorithm (POF), a new Cloud node structure was introduced, which solved the problem of hard disk space. The above allows you to make the network fast and process a large number of transactions in seconds.
Timeus blockchain also supports smart contracts for transactions and other conditional operations, as well as their construction in the form of Drag & Drop constructor.. .
DataEntryOutsourced (DEO) is a preferred choice of clients across the world for outsourcing of data entry services. The company provides a broad range of data entry services including online and offline data entry, image data entry, E-book data entry, and document data entry.
Clients can also outsource various other data entry services to DEO, including development and migration of databases, data enrichment, data extraction, document management and directory services. DEO’s team of data entry specialists can handle data in different formats like PDF, MS Word, MS Excel, SGML, XML, HTML, image files and databases.
When it comes to outsourcing of data entry services, there cannot be any compromise on quality. DEO places high emphasis on quality in all its data entry projects.
Every project goes through multiple levels of checks to ensure error-free data entry. At all stages of the projects, customers are regularly updated on the quality scores of their projects.
With more than 10 years of experience, DataEntryOutsourced understands the importance of data and information security in outsourcing of data entry services. The company has put in place advanced data security systems to avoid any data confidentiality breaches.
Every staff member is made to sign a stringent non-disclosure agreement (NDA) to ensure 100% security of client data. The company offers pricing on per project or a Full-time Equivalent basis.
Pyro Networks(Financial Service)
Pyro’s Mobile Money Platform is robust and is built on multiple levels. It enables mobile users to make financial transactions even if they don’t hold a bank account.
The various levels in the Platform such as Application level, the Database level, the Transaction level, Data security, Fraud Prevention and Management, Multi Access and Multi Level Report Repository and Audit Trail enable seamless mobile transactions.. .
cliQ2pay (Spotpay Technology India Private Limited) we have developed a wide range of advanced solutions to meet the ever-changing demands of consumers and businesses globally. cliQ2pay aims to transform the online payments industry in India by providing robust, developer-friendly APIs and hassle-free integration.
We offer a fast, affordable and secure way for our merchants to accept payments online.. .
eTaal – Electronic Transaction Aggregation & Analysis Layer
eTaal is a web portal for dissemination of e-Transactions statistics of National and State level e-Governance Projects including Mission Mode Projects. It receives transaction statistics from web based applications periodically on near real time basis.
eTaal presents quick analysis of transaction counts in tabular and graphical form to give quick view of transactions done by various e-Governance projects.. .
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