With the rise of e-commerce businesses globally, the Indian market has become impossible to resist by the big players in e-commerce. As per the recent information by WorldPay, a leading payments company, India's e-commerce market is on its way to be worth 104$ billion by 2021, that means, it will become the seventh biggest in the world. After the demonetization, a drastic change has been observed amongst the people opting for online payments, rather than using the conventional way of cash transactions. With this, a few popular payment methods stand out from the rest due to their price, security, reliability and/or easy-to-use features.


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Digital Payment Methods In India

  1. Credit Cards

    Like in most other countries, credit cards are gaining momentum in India as well. And the recent movements towards having a cashless India have contributed a lot to this. There are many options when it comes to credit cards, which can be used locally as well as globally. The most popular credit cards include Visa, American Express, Diners Club, Citibank, JCB Cards, etc.

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  2. Debit Cards

    Another popular method of payment is using debit cards. All banks provide a debit card through which one can efficiently transfer the money saved in their account. The popular ones include Visa, MasterCard, Maestro, and various debit cards offered by different banks.

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  3. PayPal

    A global presence, PayPal, through a combination of technological innovation and strategic partnerships, has created a medium through which one can easily transfer money as well as manage it. Users get the choice and flexibility while sending the payments, or while paying or receiving the payment. It is an American company started way back in 1998, and now everyone is using it worldwide. It also accepts credit/ debit card, mobile banking, etc. PayPal is used in more than 200 markets globally. It enables the user to receive money in more than 100 currencies, withdraw funds in more than 56 currencies. Anyone can register a free account on PayPal, but the transaction fee will be 3.4% plus $0.3 USD for all merchant payments.

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  4. Bank Transactions and Netbanking

    Several banks are now moving indirectly into the e-commerce space using various payment services, competing with companies like BookMyShow, Amazon, Flipkart, etc. to empower the customers while purchasing online products. Banks want the customers to come to them, rather than going to an e-commerce site to buy merchandise, book rides, or movie tickets or even to find the best dining offers.

    Net banking has been hugely successful in India. All big e-commerce sites are providing this method for payment like Amazon, Flipkart, BookMyShow, MakeMyTrip, Zomato, etc. Almost all the banks are now offering Netbanking services, some of them are SBI, HDFC, AXIS, YES Bank, ICICI, PNB, Canara, Bank of Maharashtra, etc.

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  5. Mobile Wallets

    The mobile wallet system enables the users to carry digital cash. For this, users need to link their credit or debit card information to their mobile wallet app on their phone. It can then used to transfer money online from/to your mobile wallet. It is undoubtedly a great option to enjoy digital currency. Instead of making payments using your plastic cards, you can make payment using your mobile wallet.

    There is a growing list of companies entering the mobile wallets sector of India. It gained real momentum during the demonetization period. The mobile wallets allow the sender to pay using a smartphone app. Some of the most popular wallets in India are PayTM, PayUMoney, Phonepe, Mobikwik, Freecharge, OlaMoney, AirtelBank, ICICI Pockets, SBI Buddy, Pay Zapp, etc.

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  6. RuPay

    RuPay is the first domestic Debit/Credit Card payment network of India, having full acceptance at PoS devices, ATMs, along with e-commerce websites. The name is a combination of ‘Rupee and ‘Payment,’ which tells that it's India’s initiative to have its own Debit and Credit Card payment. It is India’s answer to international payment networks, expressing pride over their nationality. It is a highly secure network that protects against phishing.

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  7. UPI Apps

    It is a payment system which allows the user to perform various financial transactions via smartphone. UPI is the latest payment method widely used these days to transfer money without entering the bank information. It gives a virtual payment address for the transactions. Merchants need to enroll with the banks to accept the payments done via UPI. For instance, the merchant needs to have a current account with the bank to receive UPI payments with a PoS machine.

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Offline Payment Methods In India

Apart from the online payment methods, there are still few ways which are prevalent in India offline. Have a look:

  1. Cash on Delivery

    There is a high reliance on cash when doing business, which is why Cash On Delivery (COD) options should not be ignored when it comes to the Indian market. Still, people prefer to opt for COD while shopping online. Thus, most of leading e-commerce business has integrated the option of COD in their payment options. People consider it's safe to get the product first and then pay for it. That is why, COD is facilitated by many companies in India, including Indian Post, Diesl, Delcart, Fed Ex, etc. Along with that, online merchants like Amazon, Flipkart, Myntra, BigBasket, etc. are also offering their products on COD.

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  2. Cheque/draft

    There are various transactions wherein people are still using cheque or drafts to make payments. For instance, while paying for goods purchased at a retail shop or even at the time of COD, one can pay via cheque. Drafts are used to pay for various competition exams as well as for other transactions. But these two are not widely used like other online payment methods.


Online payment methods are proliferating in India, with the growth of e-commerce. Earlier people have trust and security issues while making online payments but now with the robust interface and well-defined security measures, the number of online transactions have increased. Jumpseller is integrated with many Payment Gateways from India, create your online store and choose the option that suits you best!