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Razorpay vs Xendit
Of the 170 countries we track, Razorpay onboards businesses in 4 (and 161 more with limits) and Xendit in 7 (and 156 more with limits). Both serve businesses in 163.
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Onboards businesses in United States
Razorpay
AvailableXendit
LimitedAccept payments
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.Xendit
Payments API, payment sessions and links, subscriptions, plug-ins and in-person QR payments. Local methods in Indonesia, the Philippines, Malaysia, Thailand and Vietnam (virtual accounts, e-wallets, QR, direct debit, over-the-counter, BNPL, cards), plus cards and PayNow in Singapore and cards in Hong Kong and Mexico.Not for businesses in United States.Pay people abroad
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.Xendit
Payouts via API or batch to bank accounts and e-wallets in 14 corridors: Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore, Mexico, Hong Kong, China, Australia, SEPA (EUR), South Korea, the UK and the US.Multi-currency account
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.Xendit
Multi-currency balances: businesses in Singapore, Hong Kong and the Philippines can add a USD balance alongside their local-currency balance and convert between them. Not a bank account.Not for businesses in United States.Business cards
Razorpay
RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses.Not for businesses in United States.Xendit
Not offeredStablecoins
Razorpay
Not offeredXendit
Not offeredYield on idle cash
Razorpay
Not offeredXendit
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
Razorpay
No yield offeredXendit
No yield offeredIs the money protected?
Razorpay
–Xendit
–Does the rate change?
Razorpay
–Xendit
–Platform & marketplace
Run payments for other businesses: sign them up, take a cut, pay them out.
Sub-accounts for your users
Razorpay
YesPartners can onboard sub-merchants through APIs, with sub-merchants completing KYC on the partner's platform.Xendit
YesxenPlatform sub-accounts for your merchants; KYC is either submitted by the platform or completed by the sub-account's authorised representative through an invite link.Split payments and platform fees
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.Xendit
YesxenPlatform split rules deduct a platform fee or split a payment between parties, in the same currency.Embeddable UI
Razorpay
YesMerchant Onboarding UI: pre-built, brand-configurable components for onboarding sub-merchants (on request); Embedded Payments for platforms.Xendit
PartlyXendit Components embed Xendit-managed payment UI in your web or mobile app. No embeddable onboarding or payout components were found (sub-account verification uses an invite link).Pay out to your users
Razorpay
YesRazorpayX payouts to bank accounts and UPI IDs in India (IMPS/RTGS/NEFT/UPI). Domestic Indian payouts only in the docs checked.Xendit
YesPayouts to bank accounts and e-wallets in 14 corridors, including cross-border; payouts to sub-account merchants' bank accounts via xenPlatform.Embedded finance for your users
Give your users financial products under your brand.
Accounts that hold money
Razorpay
Not confirmedNot found in public materials (provider's own pages checked). RazorpayX current accounts are for the merchant itself, not for its users.Xendit
PartlyEach xenPlatform sub-account holds its own isolated balance. These are not bank accounts with account numbers.Cards for your users
Razorpay
Not confirmedNot found in public materials (provider's own pages checked). The RazorpayX Corporate Card is for the merchant's own spending.Xendit
Not confirmedNot found in public materials (provider's own pages checked).Financing for your users
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.Xendit
Not confirmedNot found in public materials (provider's own pages checked). The website lists a 'Financing' product but its page could not be loaded (HTTP 403).Consumer apps
Build for individuals, not just businesses, the way Bridge allows.
End users can be individuals
Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Xendit
Not confirmedNot found in public materials (provider's own pages checked). Payout coverage lists C2C and C2B use cases in Indonesia, the Philippines, Thailand and Vietnam, but consumer KYC on sub-accounts is not documented.Consumer wallets or accounts
Razorpay
NoRazorpay's White Label Wallet (closed wallets for your customers) was discontinued in April 2023 and takes no new users.Xendit
Not confirmedNot found in public materials (provider's own pages checked). The website lists 'E Money As A Service' but its page could not be loaded (HTTP 403).Consumer cards
Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Xendit
Not confirmedNot found in public materials (provider's own pages checked).Stablecoins
Dollar-backed tokens as a payment and treasury rail.
Accept stablecoins
Razorpay
Not confirmedNot found in public materials (provider's own pages checked). Razorpay's India terms bar merchants from crypto activity.Xendit
Not confirmedNot found in public materials (provider's own pages checked).Hold stablecoin balances
Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Xendit
Not confirmedNot found in public materials (provider's own pages checked).Pay out in stablecoins
Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Xendit
Not confirmedNot found in public materials (provider's own pages checked).Issue your own stablecoin
Razorpay
Not confirmedNot found in public materials (provider's own pages checked).Xendit
Not confirmedNot found in public materials (provider's own pages checked).Regulatory risk in United States
Razorpay
No stablecoin productsXendit
No stablecoin productsAI agents
Build with AI tools, and let AI agents shop and pay.
Official MCP server
Razorpay
YesOfficial Razorpay MCP Server, hosted (remote) or self-hosted via Docker, with 35+ tools covering payments, orders, links, refunds, settlements and payouts.Xendit
Not confirmedNo MCP server is published in Xendit's docs (its docs index, llms.txt, lists none). Community servers on GitHub are not official.Checkout for AI agents
Razorpay
PartlyRazorpay Agentic Payments: in-app agentic checkout (live in beta), voice payments and in-chat purchases on LLM platforms.Xendit
Not confirmedNot found in public materials (provider's own pages checked).Cards for AI agents
Razorpay
PartlyUPI Reserve Pay (live) lets AI agents pay within pre-approved spending limits. It is a UPI mandate, not a card.Xendit
Not confirmedNot found in public materials (provider's own pages checked).Working with them
How easy it is to get started.
Self-serve signup
Razorpay
Not confirmedNot researched yet.Xendit
Not confirmedNot researched yet.Published pricing
Razorpay
Not confirmedNot researched yet.Xendit
Not confirmedNot researched yet.Public API and sandbox
Razorpay
Not confirmedNot researched yet.Xendit
Not confirmedNot researched yet.In short
Countries onboarded
Razorpay
4 of 170Xendit
7 of 170Designed for
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.Xendit
Businesses that need local payment methods and payouts across Indonesia, the Philippines, Malaysia, Thailand and Vietnam from one account.Limitations
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.Xendit
Local payment methods cover only Xendit's own markets, businesses incorporated elsewhere cannot activate cards in Indonesia, the Philippines or Thailand, and a USD 50 monthly minimum fee applies.| Razorpay Regional processor | Xendit Regional processor | |
|---|---|---|
| Onboards businesses in United States | Available | Limited |
| Accept payments | 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. | Payments API, payment sessions and links, subscriptions, plug-ins and in-person QR payments. Local methods in Indonesia, the Philippines, Malaysia, Thailand and Vietnam (virtual accounts, e-wallets, QR, direct debit, over-the-counter, BNPL, cards), plus cards and PayNow in Singapore and cards in Hong Kong and Mexico.Not for businesses in United States. |
| Pay people abroad | 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. | Payouts via API or batch to bank accounts and e-wallets in 14 corridors: Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore, Mexico, Hong Kong, China, Australia, SEPA (EUR), South Korea, the UK and the US. |
| Multi-currency account | 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. | Multi-currency balances: businesses in Singapore, Hong Kong and the Philippines can add a USD balance alongside their local-currency balance and convert between them. Not a bank account.Not for businesses in United States. |
| Business cards | RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses.Not for businesses in United States. | Not offered |
| Stablecoins | Not offered | 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 can onboard sub-merchants through APIs, with sub-merchants completing KYC on the partner's platform. | YesxenPlatform sub-accounts for your merchants; KYC is either submitted by the platform or completed by the sub-account's authorised representative through an invite link. |
| Split payments and platform fees | 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. | YesxenPlatform split rules deduct a platform fee or split a payment between parties, in the same currency. |
| Embeddable UI | YesMerchant Onboarding UI: pre-built, brand-configurable components for onboarding sub-merchants (on request); Embedded Payments for platforms. | PartlyXendit Components embed Xendit-managed payment UI in your web or mobile app. No embeddable onboarding or payout components were found (sub-account verification uses an invite link). |
| Pay out to your users | YesRazorpayX payouts to bank accounts and UPI IDs in India (IMPS/RTGS/NEFT/UPI). Domestic Indian payouts only in the docs checked. | YesPayouts to bank accounts and e-wallets in 14 corridors, including cross-border; payouts to sub-account merchants' bank accounts via xenPlatform. |
| Embedded finance for your usersGive your users financial products under your brand. | ||
| Accounts that hold money | Not confirmedNot found in public materials (provider's own pages checked). RazorpayX current accounts are for the merchant itself, not for its users. | PartlyEach xenPlatform sub-account holds its own isolated balance. These are not bank accounts with account numbers. |
| Cards for your users | Not confirmedNot found in public materials (provider's own pages checked). The RazorpayX Corporate Card is for the merchant's own spending. | Not confirmedNot found in public materials (provider's own pages checked). |
| Financing for your users | 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. | Not confirmedNot found in public materials (provider's own pages checked). The website lists a 'Financing' product but its page could not be loaded (HTTP 403). |
| Consumer appsBuild for individuals, not just businesses, the way Bridge allows. | ||
| End users can be individuals | Not confirmedNot found in public materials (provider's own pages checked). | Not confirmedNot found in public materials (provider's own pages checked). Payout coverage lists C2C and C2B use cases in Indonesia, the Philippines, Thailand and Vietnam, but consumer KYC on sub-accounts is not documented. |
| Consumer wallets or accounts | NoRazorpay's White Label Wallet (closed wallets for your customers) was discontinued in April 2023 and takes no new users. | Not confirmedNot found in public materials (provider's own pages checked). The website lists 'E Money As A Service' but its page could not be loaded (HTTP 403). |
| Consumer cards | Not confirmedNot found in public materials (provider's own pages checked). | Not confirmedNot found in public materials (provider's own pages checked). |
| StablecoinsDollar-backed tokens as a payment and treasury rail. | ||
| Accept stablecoins | Not confirmedNot found in public materials (provider's own pages checked). Razorpay's India terms bar merchants from crypto activity. | Not confirmedNot found in public materials (provider's own pages checked). |
| Hold stablecoin balances | Not confirmedNot found in public materials (provider's own pages checked). | Not confirmedNot found in public materials (provider's own pages checked). |
| Pay out in stablecoins | Not confirmedNot found in public materials (provider's own pages checked). | Not confirmedNot found in public materials (provider's own pages checked). |
| Issue your own stablecoin | Not confirmedNot found in public materials (provider's own pages checked). | Not confirmedNot found in public materials (provider's own pages checked). |
| Regulatory risk in United States | No stablecoin products | No stablecoin products |
| AI agentsBuild with AI tools, and let AI agents shop and pay. | ||
| Official MCP server | YesOfficial Razorpay MCP Server, hosted (remote) or self-hosted via Docker, with 35+ tools covering payments, orders, links, refunds, settlements and payouts. | Not confirmedNo MCP server is published in Xendit's docs (its docs index, llms.txt, lists none). Community servers on GitHub are not official. |
| Checkout for AI agents | PartlyRazorpay Agentic Payments: in-app agentic checkout (live in beta), voice payments and in-chat purchases on LLM platforms. | Not confirmedNot found in public materials (provider's own pages checked). |
| Cards for AI agents | PartlyUPI Reserve Pay (live) lets AI agents pay within pre-approved spending limits. It is a UPI mandate, not a card. | Not confirmedNot found in public materials (provider's own pages checked). |
| 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 | 4 of 170 | 7 of 170 |
| 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. | Businesses that need local payment methods and payouts across Indonesia, the Philippines, Malaysia, Thailand and Vietnam from one account. |
| 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. | Local payment methods cover only Xendit's own markets, businesses incorporated elsewhere cannot activate cards in Indonesia, the Philippines or Thailand, and a USD 50 monthly minimum fee applies. |
Common questions
Is Razorpay or Xendit available in more countries?
Razorpay. Of the 170 countries we track, Razorpay onboards businesses in 4 (and 161 more with limits) and Xendit in 7 (and 156 more with limits). Both serve businesses in 163. Only Razorpay: Sudan and Myanmar.
What do Razorpay and Xendit offer?
Accept payments: Razorpay yes, Xendit yes. Pay people abroad: Razorpay yes, Xendit yes. Multi-currency account: Razorpay yes, Xendit yes. Business cards: Razorpay yes, Xendit no. Stablecoins: Razorpay no, Xendit no. Yield on idle cash: Razorpay no, Xendit no.
How do Razorpay and Xendit differ for platforms and embedded finance?
Embeddable UI: Razorpay yes, Xendit partly. Accounts that hold money: Razorpay not confirmed, Xendit partly. Financing for your users: Razorpay partly, Xendit not confirmed. Consumer wallets or accounts: Razorpay no, Xendit not confirmed. Official MCP server: Razorpay yes, Xendit not confirmed. Checkout for AI agents: Razorpay partly, Xendit not confirmed. Cards for AI agents: Razorpay partly, Xendit not confirmed.
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.
Who is Xendit designed for?
Businesses that need local payment methods and payouts across Indonesia, the Philippines, Malaysia, Thailand and Vietnam from one account. Limitations: Local payment methods cover only Xendit's own markets, businesses incorporated elsewhere cannot activate cards in Indonesia, the Philippines or Thailand, and a USD 50 monthly minimum fee applies.
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