Alipay (Ant Group)
alipay.com
★★★★☆
High Threat
HQ: Hangzhou, China
Services: Digital wallet, QR payments, online gateway, wealth management, credit scoring, Alipay+ cross-border
Market: Chinese consumers, global merchants accepting Chinese tourists, APAC e-commerce
Pricing: 0.55-1.2% domestic, 1.5-2.5% cross-border, custom for global merchants
Threat Notes: 1B+ users. Essential for China-facing merchants. Expanding Alipay+ globally for cross-border.
WeChat Pay (Tencent)
pay.weixin.qq.com
★★★★☆
High Threat
HQ: Shenzhen, China
Services: Digital wallet, QR payments, in-app payments, mini-program payments, cross-border
Market: Chinese consumers, APAC, global merchants targeting Chinese outbound travelers
Pricing: 0.6-1.0% domestic, 1.5-3% cross-border
Threat Notes: 900M+ users. Dominant in China alongside Alipay. Limited standalone global merchant offering.
Paytm
paytm.com
★★★☆☆
Moderate Threat
HQ: Noida, India
Services: Digital wallet, QR payments, payment gateway, POS, BNPL, wealth management, insurance
Market: Indian consumers and merchants, APAC expansion
Pricing: 0-1.99% for merchants, varies by service
Threat Notes: India's largest payments platform. Expanding into cross-border. Limited high-risk verticals.
Razorpay
razorpay.com
★★★☆☆
Moderate Threat
HQ: Bangalore, India
Services: Payment gateway, recurring billing, invoicing, payroll, lending, neo-banking, fraud detection
Market: Indian SMB to enterprise, SaaS, e-commerce, platforms
Pricing: 2% domestic cards, 3% international, no setup fee
Threat Notes: Dominant Indian gateway. Expanding into banking/payroll. India-focused.
CCAvenue
ccavenue.com
★★☆☆☆
Low Threat
HQ: Mumbai, India
Services: Payment gateway, 200+ payment methods, recurring billing, tokenization, IVR
Market: Indian e-commerce, SMB, enterprise, education, travel
Pricing: Setup 1,500 INR + 1.75-3% per transaction
Threat Notes: Oldest Indian gateway. Broad domestic coverage. Limited global/high-risk.
Airwallex
airwallex.com
★★★★☆
High Threat
HQ: Melbourne, Australia / San Francisco / Singapore
Services: Cross-border payments, multi-currency accounts, FX, card issuing, payment gateway, API platform
Market: SaaS, e-commerce, platforms, fintech, global SMBs
Pricing: 0.6-1% FX margin, no account fees, payment processing competitive
Threat Notes: Strong APAC-origin competitor. Excellent cross-border infrastructure. Direct competitor on global payments.
2C2P
2c2p.com
★★☆☆☆
Low Threat
HQ: Bangkok, Thailand
Services: Payment gateway, POS, mobile payments, e-commerce, installment, 250+ payment methods
Market: SE Asian merchants, cross-border, travel, e-commerce
Pricing: Custom, varies by market and method
Threat Notes: Strong in Thailand and Southeast Asia. Limited global presence outside region.
Omise
omise.co
★★☆☆☆
Low Threat
HQ: Bangkok, Thailand
Services: Payment gateway, recurring billing, QR payments, e-wallet, multi-currency, API-first
Market: SE Asian e-commerce, SaaS, on-demand services
Pricing: 2.75%+$0.30 THB cards, 3.25% international
Threat Notes: Growing SE Asian gateway. Good API. Still regionally focused.
Xendit
xendit.co
★★☆☆☆
Low Threat
HQ: Jakarta, Indonesia / Manila, Philippines
Services: Payment gateway, virtual accounts, e-wallet, QRIS, retail outlets, BNPL, remittance
Market: Indonesian and Philippine e-commerce, fintech, platforms, SMBs
Pricing: 2-4% depending on method, no monthly fee
Threat Notes: Strong in Indonesia/Philippines. Expanding regionally. No high-risk verticals.
Midtrans (GoTo)
midtrans.com
★★☆☆☆
Low Threat
HQ: Jakarta, Indonesia
Services: Payment gateway, Snap checkout, installment, recurring, GoPay integration, 20+ methods
Market: Indonesian e-commerce, SMB, mid-market, travel
Pricing: 2-3.5% depending on method, no setup fee
Threat Notes: Leading Indonesian gateway via GoTo ecosystem. Indonesia-focused.
HitPay
hitpay.app
★☆☆☆☆
Minimal Threat
HQ: Singapore
Services: Payment gateway, POS, recurring, invoicing, payment links, multi-currency, QR
Market: SE Asian SMBs, e-commerce, retail
Pricing: 1-3.5% depending on method, no monthly fee
Threat Notes: Growing SE Asian SME payments. Early stage, limited global reach.
PayU
payu.com
★★★☆☆
Moderate Threat
HQ: Hoofddorp, Netherlands (global), Gurgaon, India (APAC ops)
Services: Payment gateway, recurring, fraud prevention, multi-currency, BNPL, credit
Market: India, Turkey, Poland, Czech Republic, South Africa, LATAM
Pricing: 2% domestic India, 3-4% international markets, varies by region
Threat Notes: Prosus-backed, operates across multiple emerging markets. Strong in India.