PayU vs TransFi (2026): Which Is Better for Receiving International Payments in India?

Each row applies the platform's published fee, FX markup and GST on the fee to the XE mid-market rate for 4 Nov 2026.

PayU is an Indian payment gateway that lets merchants accept online payments through cards, UPI, net banking and wallets. For overseas customers, it accepts international credit and debit cards and PayPal at checkout, converts the amount to INR and settles to the merchant's Indian bank account. It is a checkout tool. It does not give users foreign bank account details for receiving bank transfers.

• Regulated by: Not confirmed. PA-CB status could not be verified on rbi.org.in, and PayU's pages make no PA-CB claim
• Used by: Yes. New merchants sign up online, and existing merchants enable international payments through help.payu.in or care@payu.in. PayU's international card terms (clause 1.2(b)) say international card processing is provided at PayU's discretion, subject to additional due diligence by PayU, the acquiring banks and the nodal bank, and that approval can be withdrawn at any time
• Best for: Indian businesses taking international card payments on a website or checkout

TransFi is a cross-border payments infrastructure company offering collections, payouts, treasury and fiat-to-stablecoin conversion through an API and business products such as BizPay and Checkout. It routes payments over stablecoin rails and supports digital assets such as USDT and USDC. India does not appear on the Supported Countries list in its developer documentation (updated 4 August 2026), so it is not a confirmed route for Indian residents receiving money from abroad.

• Regulated by: Not confirmed; TransFi's policy page lists an affiliate, Trans-Fi India Private Limited, but documents no RBI authorisation
• Used by: Not confirmed for Indian businesses. India is not on the Supported Countries list in the developer documentation, although the homepage mentions India in a South Asia section.
• Best for: Businesses integrating an API for cross-border collections, payouts and fiat-stablecoin conversion in its supported countries

• PayU: T+2 business days in INR, as PayU states; same-day and priority settlement offered to some business categories, possibly for a fee
• TransFi: Not confirmed for India; TransFi states collected money lands on the TransFi balance, ready to pay out, swap or settle to a bank account, but no India settlement time is stated

• Choose PayU if: you need Indian businesses taking international card payments on a website or checkout.
• Choose TransFi if: you need businesses integrating an API for cross-border collections, payouts and fiat-stablecoin conversion in its supported countries.

For example, an exporter billing $5,000 a month: Neither platform publishes full pricing for Indian users.

Other covered platforms ranked by the INR received on a $5,000 invoice.

Fees, FIRA terms and RBI status were checked on each platform's own pages and RBI sources on 30 Sept 2026. INR figures use the XE mid-market rate for 4 Nov 2026. The formula is on the methodology page.

1. PayU Pricing, 3% for Diners, American Express, EMI, International transactions; 18% GST applicable on all transactions; No set-up fee; standard settlement T+2; custom pricing slabs for higher volumes or enterprise needs, based on payment mode, industry type, risk profile, transaction volume, value-added features and processing requirements; no setup, onboarding or annual fees (checked 7 Oct 2026)
2. PayU International Payments, 135+ currencies; Visa, Mastercard, American Express and PayPal; INR conversion at transaction-date rate; T+2 business days; specific rates via account manager or care@payu.in; compliance with global standards (checked 7 Oct 2026)
3. PayU terms for international card processing and multicurrency payments, 1.2(e): the exchange rate used by PayU for all Authorised Currencies will be the inter-bank rate as decided by the respective banks or card associations and as shared by PayU with the Merchant by issuing the merchant payment report on every Business Day; non-Business Day transactions use the rate of the immediately preceding Business Day; 1.2(b): the International Card Processing Payment Mechanism and the Multicurrency Payment Feature shall be provided solely at PayU's discretion, subject to additional due diligence and criteria specified by PayU and/or Acquiring Banks and the Nodal Bank, who may withdraw approval at any time; 1.2(g): PayU may charge Customers a Currency Calculator Fee at a rate specified at the time of payment, upon the Customer consenting (checked 7 Oct 2026)
4. TransFi homepage, 40+ currencies, 130+ digital assets; South Asia section (checked 6 Oct 2026)
5. TransFi Docs: Supported Countries, Country list, updated 2026-08-04; India not listed (checked 6 Oct 2026)
6. TransFi Docs: Collections, Four ways to collect; funds land on TransFi balance, ready to pay out, swap or settle to bank (checked 6 Oct 2026)
7. TransFi Docs: Collect via a Virtual Account (checked 6 Oct 2026)
8. TransFi Docs: Collect with a Local Payment Method (checked 6 Oct 2026)
9. TransFi Docs: KYB levels for Business User (checked 6 Oct 2026)
10. TransFi Compliance Policies, FINTRAC MSB M24519990; Annexure A group entities (checked 6 Oct 2026)
11. TransFi Business Services Agreement, Definition of Fees (checked 6 Oct 2026)
12. TransFi Payment Methods, 40+ currencies and 100+ tokens; 100+ countries (checked 6 Oct 2026)