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Rapyd vs Razorpay
Of the 170 countries we track, Rapyd onboards businesses in 62 and Razorpay in 4 (and 161 more with limits). Both serve businesses in 62.
Only Razorpay · 103
🇨🇦 Canada🇦🇪 United Arab Emirates🇸🇦 Saudi Arabia🇪🇬 Egypt🇳🇬 Nigeria🇰🇪 Kenya🇬🇭 Ghana🇲🇦 Morocco🇨🇳 China🇵🇰 Pakistan🇧🇩 Bangladesh🇧🇸 Bahamas🇧🇿 Belize🇧🇴 Bolivia🇨🇷 Costa Rica🇪🇨 Ecuador🇬🇹 Guatemala🇬🇾 Guyana🇭🇹 Haiti🇭🇳 Honduras🇯🇲 Jamaica🇳🇮 Nicaragua🇵🇾 Paraguay🇸🇷 Suriname🇹🇹 Trinidad and Tobago🇺🇾 Uruguay🇻🇪 Venezuela🇦🇱 Albania🇦🇲 Armenia🇦🇿 Azerbaijanand 73 more →
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Onboards businesses in United States
Rapyd
AvailableRazorpay
AvailableAccept payments
Rapyd
Online card acquiring and local payment methods (cards, wallets, bank transfers, stablecoins, cash vouchers) through an API, hosted checkout, payment links and plugins, with subscriptions. Rapyd says customers can pay from 190+ markets in 150+ currencies.Razorpay
Payment gateway, payment links, payment pages, subscriptions, QR codes and POS. In India it supports cards, netbanking, UPI, wallets, EMI and Pay Later; Malaysia (Curlec) adds FPX, DuitNow and others; Singapore and US offer cards, wallets, PayNow (SG) and ACH (US). Non-Indian businesses can also collect from Indian customers.Pay people abroad
Rapyd
Rapyd Disburse sends single and mass payouts by bank transfer, real-time payment networks, card payouts (Visa Direct, Mastercard Send), stablecoins and third-party wallets. Rapyd states 190+ countries and 120+ currencies.Razorpay
RazorpayX payouts to contacts in India via IMPS, RTGS, NEFT or UPI from a RazorpayX current account; also vendor and salary payouts. Razorpay Curlec in Malaysia also lists payouts. Cross-border payouts are not documented as a general product.Not for businesses in United States.Multi-currency account
Rapyd
Every Rapyd client gets a Rapyd Wallet: a multi-currency balance with fiat and stablecoin support, sub-accounts, and virtual account numbers (vIBANs and local formats) for receiving transfers. Rapyd also documents a separate Rapyd Business Account for Hong Kong businesses (HKD, USD, EUR and GBP balances; HK, UK and Europe receiving accounts).Razorpay
RazorpayX current accounts for Indian businesses, provided by partner banks (ICICI, RBL, Yes Bank); RazorpayX is not a bank.Not for businesses in United States.Business cards
Rapyd
Rapyd Issuing creates pre-funded physical and virtual cards drawn on a Rapyd Wallet, with spending limits and merchant restrictions. Issuing is offered in specific countries only, confirmed with sales; Rapyd cites 10+ markets.Razorpay
RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses.Not for businesses in United States.Stablecoins
Rapyd
Since 9 September 2025, businesses can accept stablecoin payments (converted to fiat), settle in stablecoins or fiat, and pay out in stablecoins. Rapyd says this runs through regulated third-party partners and that it does not itself issue, custody or directly process crypto assets. Supported coins are not named.Razorpay
Not offeredYield on idle cash
Rapyd
Not offeredRazorpay
Not offeredYield on idle cash
A return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is.
Where the return comes from
Rapyd
No yield offeredRazorpay
No yield offeredIs the money protected?
Rapyd
–Razorpay
–Does the rate change?
Rapyd
–Razorpay
–Platform & marketplace
Run payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users
Rapyd
YesPartners create merchant organisations and submit KYB applications, including sub-merchant applications, through the partner onboarding API. Merchants who use Rapyd through a marketplace complete Rapyd's own KYB through a hosted page.Razorpay
YesPartners can onboard sub-merchants through APIs, with sub-merchants completing KYC on the partner's platform.Split payments and platform fees
Rapyd
YesThe marketplace solution splits payments by predefined rules; the seller's share lands in a sub-account.Razorpay
YesRoute splits incoming payments among linked accounts. Since RBI's September 2025 rules, Route requires minimum turnover (over INR 40 lakh domestic or INR 5 lakh export) and a payer-payee transparency declaration.Embeddable UI
Rapyd
PartlyRapyd offers hosted pages (identity verification, virtual card display, hosted checkout) and markets white-label checkout and payouts. Embeddable onboarding components were not found.Razorpay
YesMerchant Onboarding UI: pre-built, brand-configurable components for onboarding sub-merchants (on request); Embedded Payments for platforms.Pay out to your users
Rapyd
YesDisburse supports B2B, B2C and C2C payouts to bank accounts, cards, RTP networks, wallets and stablecoins.Razorpay
YesRazorpayX payouts to bank accounts and UPI IDs in India (IMPS/RTGS/NEFT/UPI). Domestic Indian payouts only in the docs checked.Embedded finance for your users
Give your users financial products under your brand.
Accounts that hold money
Rapyd
YesPlatforms issue wallets to consumers and businesses; each wallet can have several virtual account numbers.Razorpay
Not confirmedNot found in public materials (provider's own pages checked). RazorpayX current accounts are for the merchant itself, not for its users.Cards for your users
Rapyd
YesCards are funded by a Rapyd Wallet and linked to a wallet contact; issuing countries are confirmed with sales.Razorpay
Not confirmedNot found in public materials (provider's own pages checked). The RazorpayX Corporate Card is for the merchant's own spending.Financing for your users
Rapyd
Not confirmedNo lending product found. The Wallet FAQ says the infrastructure enables 'fintech capabilities like lending', but no lending product or terms were found.Razorpay
PartlyRazorpay Capital runs an invite-only partner programme in which B2B businesses can refer their customers to Razorpay's Line of Credit. This is a referral, not an embedded lending API.Consumer apps
Build for individuals, not just businesses, the way Bridge allows.
End users can be individuals
Rapyd
YesWallets of type 'person' are for individual consumers, and Rapyd offers a hosted KYC page for wallet contacts.Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Consumer wallets or accounts
Rapyd
YesPlatforms can create personal wallets for their customers.Razorpay
NoRazorpay's White Label Wallet (closed wallets for your customers) was discontinued in April 2023 and takes no new users.Consumer cards
Rapyd
YesRapyd's docs describe Issuing as issuing cards to consumers and businesses. Issuing countries are confirmed with sales.Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Stablecoins
Dollar-backed tokens as a payment and treasury rail.
Accept stablecoins
Rapyd
YesAccept stablecoin payments and convert to fiat, or settle in stablecoin (since 9 Sep 2025, through third-party partners).Razorpay
Not confirmedNot found in public materials (provider's own pages checked). Razorpay's India terms bar merchants from crypto activity.Hold stablecoin balances
Rapyd
YesRapyd says the Wallet natively supports stablecoins and that businesses can settle in stablecoins. Rapyd itself does not custody crypto; partners provide this.Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Pay out in stablecoins
Rapyd
YesStablecoin payouts are listed as a Disburse rail.Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Issue your own stablecoin
Rapyd
NoRapyd states it does not itself issue crypto assets; no branded-stablecoin product was found.Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Regulatory risk in United States
Rapyd
Low riskRazorpay
No stablecoin productsAI agents
Build with AI tools, and let AI agents shop and pay.
Official MCP server
Rapyd
Not confirmedNot found in public materials (Rapyd docs navigation and a web search, Oct 2026).Razorpay
YesOfficial Razorpay MCP Server, hosted (remote) or self-hosted via Docker, with 35+ tools covering payments, orders, links, refunds, settlements and payouts.Checkout for AI agents
Rapyd
Not confirmedNot found in public materials.Razorpay
PartlyRazorpay Agentic Payments: in-app agentic checkout (live in beta), voice payments and in-chat purchases on LLM platforms.Cards for AI agents
Rapyd
Not confirmedNot found in public materials.Razorpay
PartlyUPI Reserve Pay (live) lets AI agents pay within pre-approved spending limits. It is a UPI mandate, not a card.Working with them
How easy it is to get started.
Self-serve signup
Rapyd
Not confirmedNot researched yet.Razorpay
Not confirmedNot researched yet.Published pricing
Rapyd
Not confirmedNot researched yet.Razorpay
Not confirmedNot researched yet.Public API and sandbox
Rapyd
Not confirmedNot researched yet.Razorpay
Not confirmedNot researched yet.In short
Countries onboarded
Rapyd
62 of 170Razorpay
4 of 170Designed for
Rapyd
Businesses domiciled in a Rapyd-listed country that want card acquiring, local payment methods, payouts and a multi-currency wallet from one API.Razorpay
Businesses registered in India that need local methods such as UPI and netbanking, and foreign businesses that want to sell to Indian customers without an Indian entity.Limitations
Rapyd
Rapyd's own merchant-location lists disagree for about a dozen countries, and card pricing outside a few Latin American markets is quoted rather than published.Razorpay
Full service is limited to India, Malaysia, Singapore and the US, and products differ sharply by market; most platform and banking features are India-only.| Rapyd Payment processor | Razorpay Regional processor | |
|---|---|---|
| Onboards businesses in United States | Available | Available |
| Accept payments | Online card acquiring and local payment methods (cards, wallets, bank transfers, stablecoins, cash vouchers) through an API, hosted checkout, payment links and plugins, with subscriptions. Rapyd says customers can pay from 190+ markets in 150+ currencies. | Payment gateway, payment links, payment pages, subscriptions, QR codes and POS. In India it supports cards, netbanking, UPI, wallets, EMI and Pay Later; Malaysia (Curlec) adds FPX, DuitNow and others; Singapore and US offer cards, wallets, PayNow (SG) and ACH (US). Non-Indian businesses can also collect from Indian customers. |
| Pay people abroad | Rapyd Disburse sends single and mass payouts by bank transfer, real-time payment networks, card payouts (Visa Direct, Mastercard Send), stablecoins and third-party wallets. Rapyd states 190+ countries and 120+ currencies. | RazorpayX payouts to contacts in India via IMPS, RTGS, NEFT or UPI from a RazorpayX current account; also vendor and salary payouts. Razorpay Curlec in Malaysia also lists payouts. Cross-border payouts are not documented as a general product.Not for businesses in United States. |
| Multi-currency account | Every Rapyd client gets a Rapyd Wallet: a multi-currency balance with fiat and stablecoin support, sub-accounts, and virtual account numbers (vIBANs and local formats) for receiving transfers. Rapyd also documents a separate Rapyd Business Account for Hong Kong businesses (HKD, USD, EUR and GBP balances; HK, UK and Europe receiving accounts). | RazorpayX current accounts for Indian businesses, provided by partner banks (ICICI, RBL, Yes Bank); RazorpayX is not a bank.Not for businesses in United States. |
| Business cards | Rapyd Issuing creates pre-funded physical and virtual cards drawn on a Rapyd Wallet, with spending limits and merchant restrictions. Issuing is offered in specific countries only, confirmed with sales; Rapyd cites 10+ markets. | RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses.Not for businesses in United States. |
| Stablecoins | Since 9 September 2025, businesses can accept stablecoin payments (converted to fiat), settle in stablecoins or fiat, and pay out in stablecoins. Rapyd says this runs through regulated third-party partners and that it does not itself issue, custody or directly process crypto assets. Supported coins are not named. | Not offered |
| Yield on idle cash | Not offered | Not offered |
| Yield on idle cashA return on money you are not using. How safe it is depends on where the return comes from, not on how high the rate is. | ||
| Where the return comes from | No yield offered | No yield offered |
| Is the money protected? | – | – |
| Does the rate change? | – | – |
| Platform & marketplaceRun payments for other businesses: sign them up, take a cut, pay them out. | ||
| Sub-accounts for your users | YesPartners create merchant organisations and submit KYB applications, including sub-merchant applications, through the partner onboarding API. Merchants who use Rapyd through a marketplace complete Rapyd's own KYB through a hosted page. | YesPartners can onboard sub-merchants through APIs, with sub-merchants completing KYC on the partner's platform. |
| Split payments and platform fees | YesThe marketplace solution splits payments by predefined rules; the seller's share lands in a sub-account. | YesRoute splits incoming payments among linked accounts. Since RBI's September 2025 rules, Route requires minimum turnover (over INR 40 lakh domestic or INR 5 lakh export) and a payer-payee transparency declaration. |
| Embeddable UI | PartlyRapyd offers hosted pages (identity verification, virtual card display, hosted checkout) and markets white-label checkout and payouts. Embeddable onboarding components were not found. | YesMerchant Onboarding UI: pre-built, brand-configurable components for onboarding sub-merchants (on request); Embedded Payments for platforms. |
| Pay out to your users | YesDisburse supports B2B, B2C and C2C payouts to bank accounts, cards, RTP networks, wallets and stablecoins. | YesRazorpayX payouts to bank accounts and UPI IDs in India (IMPS/RTGS/NEFT/UPI). Domestic Indian payouts only in the docs checked. |
| Embedded finance for your usersGive your users financial products under your brand. | ||
| Accounts that hold money | YesPlatforms issue wallets to consumers and businesses; each wallet can have several virtual account numbers. | Not confirmedNot found in public materials (provider's own pages checked). RazorpayX current accounts are for the merchant itself, not for its users. |
| Cards for your users | YesCards are funded by a Rapyd Wallet and linked to a wallet contact; issuing countries are confirmed with sales. | Not confirmedNot found in public materials (provider's own pages checked). The RazorpayX Corporate Card is for the merchant's own spending. |
| Financing for your users | Not confirmedNo lending product found. The Wallet FAQ says the infrastructure enables 'fintech capabilities like lending', but no lending product or terms were found. | PartlyRazorpay Capital runs an invite-only partner programme in which B2B businesses can refer their customers to Razorpay's Line of Credit. This is a referral, not an embedded lending API. |
| Consumer appsBuild for individuals, not just businesses, the way Bridge allows. | ||
| End users can be individuals | YesWallets of type 'person' are for individual consumers, and Rapyd offers a hosted KYC page for wallet contacts. | Not confirmedNot found in public materials (provider's own pages checked). |
| Consumer wallets or accounts | YesPlatforms can create personal wallets for their customers. | NoRazorpay's White Label Wallet (closed wallets for your customers) was discontinued in April 2023 and takes no new users. |
| Consumer cards | YesRapyd's docs describe Issuing as issuing cards to consumers and businesses. Issuing countries are confirmed with sales. | Not confirmedNot found in public materials (provider's own pages checked). |
| StablecoinsDollar-backed tokens as a payment and treasury rail. | ||
| Accept stablecoins | YesAccept stablecoin payments and convert to fiat, or settle in stablecoin (since 9 Sep 2025, through third-party partners). | Not confirmedNot found in public materials (provider's own pages checked). Razorpay's India terms bar merchants from crypto activity. |
| Hold stablecoin balances | YesRapyd says the Wallet natively supports stablecoins and that businesses can settle in stablecoins. Rapyd itself does not custody crypto; partners provide this. | Not confirmedNot found in public materials (provider's own pages checked). |
| Pay out in stablecoins | YesStablecoin payouts are listed as a Disburse rail. | Not confirmedNot found in public materials (provider's own pages checked). |
| Issue your own stablecoin | NoRapyd states it does not itself issue crypto assets; no branded-stablecoin product was found. | Not confirmedNot found in public materials (provider's own pages checked). |
| Regulatory risk in United States | Low risk | No stablecoin products |
| AI agentsBuild with AI tools, and let AI agents shop and pay. | ||
| Official MCP server | Not confirmedNot found in public materials (Rapyd docs navigation and a web search, Oct 2026). | YesOfficial Razorpay MCP Server, hosted (remote) or self-hosted via Docker, with 35+ tools covering payments, orders, links, refunds, settlements and payouts. |
| Checkout for AI agents | Not confirmedNot found in public materials. | PartlyRazorpay Agentic Payments: in-app agentic checkout (live in beta), voice payments and in-chat purchases on LLM platforms. |
| Cards for AI agents | Not confirmedNot found in public materials. | PartlyUPI Reserve Pay (live) lets AI agents pay within pre-approved spending limits. It is a UPI mandate, not a card. |
| Working with themHow easy it is to get started. | ||
| Self-serve signup | Not confirmedNot researched yet. | Not confirmedNot researched yet. |
| Published pricing | Not confirmedNot researched yet. | Not confirmedNot researched yet. |
| Public API and sandbox | Not confirmedNot researched yet. | Not confirmedNot researched yet. |
| In short | ||
| Countries onboarded | 62 of 170 | 4 of 170 |
| Designed for | Businesses domiciled in a Rapyd-listed country that want card acquiring, local payment methods, payouts and a multi-currency wallet from one API. | Businesses registered in India that need local methods such as UPI and netbanking, and foreign businesses that want to sell to Indian customers without an Indian entity. |
| Limitations | Rapyd's own merchant-location lists disagree for about a dozen countries, and card pricing outside a few Latin American markets is quoted rather than published. | Full service is limited to India, Malaysia, Singapore and the US, and products differ sharply by market; most platform and banking features are India-only. |
Common questions
Is Rapyd or Razorpay available in more countries?
Razorpay. Of the 170 countries we track, Rapyd onboards businesses in 62 and Razorpay in 4 (and 161 more with limits). Both serve businesses in 62. Only Razorpay: Canada, United Arab Emirates, Saudi Arabia, Egypt, Nigeria, Kenya, Ghana, Morocco, China, Pakistan, Bangladesh, Bahamas and 91 more.
What do Rapyd and Razorpay offer?
Accept payments: Rapyd yes, Razorpay yes. Pay people abroad: Rapyd yes, Razorpay yes. Multi-currency account: Rapyd yes, Razorpay yes. Business cards: Rapyd yes, Razorpay yes. Stablecoins: Rapyd yes, Razorpay no. Yield on idle cash: Rapyd no, Razorpay no.
How do Rapyd and Razorpay differ for platforms and embedded finance?
Embeddable UI: Rapyd partly, Razorpay yes. Accounts that hold money: Rapyd yes, Razorpay not confirmed. Cards for your users: Rapyd yes, Razorpay not confirmed. Financing for your users: Rapyd not confirmed, Razorpay partly. End users can be individuals: Rapyd yes, Razorpay not confirmed. Consumer wallets or accounts: Rapyd yes, Razorpay no. Consumer cards: Rapyd yes, Razorpay not confirmed. Accept stablecoins: Rapyd yes, Razorpay not confirmed. Hold stablecoin balances: Rapyd yes, Razorpay not confirmed. Pay out in stablecoins: Rapyd yes, Razorpay not confirmed. Issue your own stablecoin: Rapyd no, Razorpay not confirmed. Official MCP server: Rapyd not confirmed, Razorpay yes. Checkout for AI agents: Rapyd not confirmed, Razorpay partly. Cards for AI agents: Rapyd not confirmed, Razorpay partly.
Who is Rapyd designed for?
Businesses domiciled in a Rapyd-listed country that want card acquiring, local payment methods, payouts and a multi-currency wallet from one API. Limitations: Rapyd's own merchant-location lists disagree for about a dozen countries, and card pricing outside a few Latin American markets is quoted rather than published.
Who is Razorpay designed for?
Businesses registered in India that need local methods such as UPI and netbanking, and foreign businesses that want to sell to Indian customers without an Indian entity. Limitations: Full service is limited to India, Malaysia, Singapore and the US, and products differ sharply by market; most platform and banking features are India-only.
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