Payment Gateways

What is Payment Gateway?
A payment gateway is a technology or service that enables businesses to securely process and authorize online transactions (payments) made by customers. It acts as a middleman between the customer, the merchant, and the financial institution, facilitating the transfer of funds from the customer's payment method to the merchant's account. When a customer makes a purchase online, the payment gateway encrypts the sensitive payment information (such as credit card details) provided by the customer. It securely transmits this information from the customer's device to the merchant's website or application.

Payment Gateways used by Jio ChargeIT
1. Jio One Pay (It has multiple supports)
Jio One Pay is a digital payments platform launched by Reliance Jio in 2020. It is a unified payments app that allows users to make payments for a variety of services, including mobile recharges, utility bills, online shopping, and in-store payments.
2. Paytm
Paytm Payment Gateway is a payment solution that allows businesses to accept online payments from customers. It is one of the most popular payment gateways in India, and it offers a wide range of features, including support for multiple payment methods like credit card, debit card, net banking, UPI, Paytm wallet and EMIs, secure checkout, easy integration, real time settlement and 24/7 support.
3. PhonePe
As a payment gateway, PhonePe enables businesses to accept payments from customers through various channels, such as websites, mobile apps, and in-store payments. It provides a seamless integration with merchants' platforms, allowing them to offer PhonePe as a payment option to their customers. When a customer chooses to pay using PhonePe, the payment gateway facilitates the transaction by securely transmitting the necessary information between the customer, the merchant, and the respective financial institutions involved. The transaction is encrypted and processed in real-time, ensuring the security and integrity of the payment data.
4. Razorpay
Razorpay is another option of payment gateway partnered by Jio ChargeIT. It offers wide range of payment solutions for businesses to accept online payments seamlessly and securely. Razorpay provides a developer-friendly platform with robust APIs and easy integration options. Razorpay provides easy-to-use APIs and plugins that allow businesses to integrate the payment gateway into their websites or applications efficiently.

Advantages of selected payment gateways
Overall the selected four payment gateways offer a seamless user experience. Each one has its own key features which allow business to secure their data while handing payment cycle. On one hand, PhonePe focuses on making user friendly experience with convenience and on other hand Razorpay offers a secure transaction process. All the four gateways offers various payment modes including wallet service and UPI payment methods.