1Pay
1Pay is an RBI-authorized Indian payment aggregator offering a card/UPI/net-banking/wallet payment gateway plus RFID/FASTag-based mobility payments for tolls, fuel, parking, and fleet management, serving logistics, government, BFSI, and B2B clients across India.
- Company typePrivate
- Founded2020
- HeadquartersMumbai, India
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What 1Pay does
1Pay Mobileware Private Limited is an RBI-authorized payment aggregator headquartered in Mumbai, India, operating a payment gateway platform that processes transactions via credit/debit cards, net banking, UPI, and digital wallets. The company distributes its services through a REST API-first architecture with SDKs for Android, iOS, PHP, .NET, and Java, plus pre-built e-commerce plugins for WooCommerce, Magento, Joomla, OpenCart, and WHMCS. Merchants can self-onboard via a dashboard with a sandbox test environment followed by KYC-based live activation, while enterprise prospects are routed through an inside-sales motion with a merchant support team. The standard settlement cycle is T+2 working days, and pricing is quote-based with GST applied to service fees.
1Pay's distinguishing capability is its RFID/FASTag-based mobility payment vertical ("Pay On The Move"), which provides automated vehicle identification and contactless over-the-road payments at toll plazas, fuel points, parking facilities, and for fleet/fleet management use cases. This vertical is built into the NPCI/NETC ecosystem and is interoperable across 650+ toll plazas on national and select state highways in India. A complementary "Pay On The Go" vertical targets routine programmable payments, B2B cashflow management, and multi-settlement flows for B2B clients. Additional modules include Payment Links, Invoices (GST-compliant), Web Front (custom checkout builder, listed as coming soon), and a Fleet Management module covering consumables, food, GPS tracking, lodging, and expense management.
The business model is transaction-fee based: 1Pay earns per-transaction fees on payment gateway volume, FASTag issuance and wallet recharges (up to INR 100 per tag as per Ministry of Road Transport and Highways guidelines), and B2B corporate payment services. Named customers span logistics (Adani Ports, Punbus, Delhi Baroda Road Carriers, M.R. Shah Logistics, Punjab State Power Corporation), financial services (HDFC Bank, LIC Housing Finance, HDB Financial Services, Saraswat Bank, Tata Finance, Tamil Nadu Power Finance), government (Chief Minister's Relief Fund, IRCTC, Delhi High Court Bar Association), and travel (Bonton Holidays, Tata Motors). The company was incorporated around 2020, received RBI PA authorization on May 14, 2024, and operates exclusively in the India domestic market.
1Pay firmographics
Firmographics- Name
- 1Pay
- Legal name
- 1Pay Mobileware Private Limited
- Website
- https://1pay.in
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- 1Pay is an RBI-authorized Indian payment aggregator offering a card/UPI/net-banking/wallet payment gateway plus RFID/FASTag-based mobility payments for tolls, fuel, parking, and fleet management, serving logistics, government, BFSI, and B2B clients across India.
- Ownership category
- akta.pro rank
1Pay industry classification
Industry- Product category
- Payment Processing / Payment Gateway
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
Keywords
Where 1Pay is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
1Pay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Gateway Transaction Fees: 1Pay charges merchants transaction fees for processing online payments through credit/debit cards, net banking, UPI, and wallets. Settlement typically occurs on T+2 working days.
- FASTag Issuance and Recharge: Revenue from issuing FASTag tags and wallet recharges for toll, fuel, parking, and other vehicle-related payments. FASTag costs up to INR 100 per tag as per government guidelines.
- B2B Corporate Payment Services: Provides cashflow management platform and programmable payment solutions for B2B clients, enabling businesses to manage online payments for products and services.
- Payment Aggregation Services: RBI-authorized payment aggregator serving merchants for collection of payments from customers, with GST charged on services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Custom enterprise pricing based on business requirements |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
1Pay product offering
Product offeringCore offering
1Pay is an RBI-authorized payment aggregator that provides an online payment gateway supporting credit/debit cards, net banking, UPI, and digital wallets via REST APIs, SDKs, and e-commerce plugins. It complements the gateway with RFID-based FASTag solutions for contactless toll, fuel, parking, and fleet payments, and offers B2B programmable payment and cashflow management tools. The platform is PCI DSS Level 1 certified and serves merchants, logistics operators, banks, and government entities across India.
Product overview
1Pay is a fintech company providing programmable payment solutions through a unified payment gateway platform complemented by specialized mobility payment products. The core offering is the 1Pay Payment Gateway (a suite of APIs for online payment processing via cards, net banking, UPI, and wallets), supported by merchant onboarding, dashboard, and reporting tools. Two specialized verticals extend the platform: Pay On The Go handles routine programmable payments and B2B cashflow management; Pay On The Move provides RFID-based FASTag solutions for toll, fuel, parking, and fleet payments. Additional modules include Payment Links, Invoices, Web Front checkout builder, and Fleet Management. All offerings are available via web API integration, mobile SDKs (iOS/Android), and eCommerce plugins (WooCommerce, Magento, Joomla, OpenCart, WHMCS).
Differentiator
Problem solved
Functional benefit
Products and services
- 1Pay Payment Gateway Online payment gateway enabling merchants to accept payments via credit/debit cards, net banking, UPI, and digital wallets, with multi-settlement, dynamic routing, payment retry, and PCI DSS Level 1 compliance.
- FASTag (Pay On The Move) RFID-based electronic toll collection system (FASTag) enabling cashless, contactless payment at toll plazas on national and select state highways across India, part of the NETC ecosystem.
- Pay On The Move Mobility Solutions Platform Vertical platform digitizing over-the-road payments using RFID/FASTag technology, covering toll collection, fuel payments, parking solutions, fleet management, and challan payments for transportation and logistics businesses.
- Pay On The Go Programmable Payments Platform Programmable payment solutions platform enabling routine payments for businesses, including sending payouts, collecting payments, securing cashflows, and managing businesses online via software and API infrastructure.
- Manage Cashflows Dedicated payments and transactions management platform for B2B clients to manage cashflows efficiently and make online payments for products and services with settlement reports and reconciliation.
- Fleet Management Solutions Specialized fleet payment solutions for logistics and transportation businesses covering consumables management, food payments, vehicle GPS tracking, lodging payments, and expense management.
- 1Pay Merchant Dashboard Self-service merchant dashboard for merchants to view reports, manage transactions, initiate refunds, check settlements, and generate reports using multiple data points.
- Transaction Status Query API Server-to-server REST API for querying transaction status and verifying transaction authenticity, particularly useful for resolving timeout or failed transactions.
- Refund API Server-to-server REST API for initiating partial and full refunds and checking refund status with merchant authentication.
- FASTag Recharge Service Online recharge service for FASTag wallets via credit card, debit card, UPI, or net banking, with the recharge amount reflecting in the FASTag wallet within 1 business day.
Quantifiable outcome
- Supports 650+ toll plazas nationwide
- +1 more outcomes
Companies that use 1Pay
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles4 records
1Pay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature8 records
1Pay partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and major.
- NPCI (National Payments Corporation of India)coreIntegration with NPCI for NETC/FASTag electronic toll collection system, enabling interoperability across all NETC-enabled toll plazas in India
- NHAI (National Highways Authority of India)coreParticipates in the national FASTag ecosystem mandated by NHAI for electronic toll collection on national highways
- HDFC BankmajorFASTag issuing bank partner providing FASTag tags to customers and processing toll payments through the 1Pay infrastructure
- Banking Partners (Acquiring Banks)coreBanking partners required for merchant account activation, payment processing, and settlement services. Essential for PCI DSS compliance and merchant onboarding approval
- Card Networks (Visa, Mastercard, Rupay, American Express, Diners)coreIntegration with major card networks to support credit and debit card payments, including international card transactions
- UPI PlatformcoreUPI integration enabling single VPA (Virtual Payment Address) payments as an alternative payment method
- Digital Wallets (PhonePe, Payzapp, Amazon Pay)majorIntegration with major digital wallets for faster checkout experience and alternative payment options
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
1Pay competitors and assessment
Company assessmentDirect peers
- Razorpay: India's leading payment gateway and aggregator, offering similar online payment processing APIs, plugins, and SDKs. Most direct competitor with comparable product scope and API-first approach, but at significantly larger scale.
- PayU India: Major Indian payment aggregator and gateway owned by Prosus, offering payment processing, POS, and credit products. Direct competitor in online payment acceptance with multi-method support similar to 1Pay.
- Cashfree Payments: India-based payment gateway and aggregator offering payment processing, payouts, and API-driven payment infrastructure. Closest direct competitor with comparable API-first, B2B-focused positioning.
- CCAvenue: One of India's oldest payment gateway providers offering multi-method payment processing (cards, net banking, wallets, UPI) with similar product surface to 1Pay's payment gateway.
- BillDesk: Established Indian payment aggregator and gateway offering online bill payment and merchant payment services. Direct competitor in the payment aggregator space with overlap in B2B/government verticals.
- Easebuzz: India-based payment gateway and aggregator offering payment processing APIs, plugins, and developer tooling. Comparable mid-market competitor with similar API-first and SMB-focused positioning.
Emerging players
- PhonePe Business: India's largest UPI-led payment platform increasingly extending into merchant payment gateway and aggregator services. Emerging direct competitor especially in UPI-heavy payment flows.
- Mswipe Technologies: Indian POS and payment solutions provider offering card machines and integrated payment products for SMBs. Comparable in targeting India's small-merchant acceptance market with multi-method payment support.
Broad incumbents
- Paytm for Business: Broad incumbent offering payment gateway, POS, and FASTag services via Paytm Payments Bank. Provides overlapping capabilities including FASTag issuance and toll payments at retail scale.
- Pine Labs: India/Southeast Asia POS and online payments platform offering in-person and online payment acceptance. Overlaps with 1Pay's POS-like collect-payment flows for retail and fuel merchants.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
1Pay social profiles
Digital presence1Pay compliance and trust
Trust signalCompliance2 records
1Pay financial estimates
Financial estimateRevenue estimate
Valuation estimate
1Pay leadership team
Management profileNumber of profiles
Profiles1 record
1Pay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
1Pay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 1Pay
What does 1Pay do?
1Pay is an RBI-authorized payment aggregator that provides an online payment gateway supporting credit/debit cards, net banking, UPI, and digital wallets via REST APIs, SDKs, and e-commerce plugins. It complements the gateway with RFID-based FASTag solutions for contactless toll, fuel, parking, and fleet payments, and offers B2B programmable payment and cashflow management tools. The platform is PCI DSS Level 1 certified and serves merchants, logistics operators, banks, and government entities across India.
Is 1Pay a public or private company?
1Pay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 1Pay founded?
1Pay was founded in 2020. It employs 51 to 100 people.
Where is 1Pay based?
1Pay is headquartered in Mumbai, India, in the Asia region.
How does 1Pay make money?
Four revenue lines are on record. Payment Gateway Transaction Fees are the primary driver. The others are FASTag Issuance and Recharge, B2B Corporate Payment Services and payment Aggregation Services.
Who are 1Pay's main competitors?
Direct peers on record are Razorpay, PayU India, Cashfree Payments, CCAvenue, BillDesk and Easebuzz. Emerging players are PhonePe Business and Mswipe Technologies. Broad incumbents are Paytm for Business and Pine Labs.
Does 1Pay have an API?
Yes. 1Pay provides a RESTful HTTP API for payment processing. The API supports payment authorization requests, transaction status queries, refund processing, and refund status checks. For 16-bit API keys, encryption uses AES 128; for 32-bit API keys, AES 256 is used. Test environment available for sandbox testing. Supports merchantId, apiKey, txnId, amount, dateTime, custMobile, custMail, channelId, txnType (DIRECT/REDIRECT), returnURL, cardDetails, isMultiSettlement, udf1-udf5 parameters. Live URLs: https://pay.1paypg.in/onepayVAS/payprocessor and https://pay.1paypg.in/onepayVAS/payprocessorV2. Test URLs: https://hdfcprodsigning.in/onepayVAS/payprocessor and https://hdfcprodsigning.in/onepayVAS/payprocessorV2. Developer documentation is at 1pay.in/api-reference.php.
What industry is 1Pay in?
1Pay's product category is Payment Processing / Payment Gateway. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of FSAMABAA, Integrated Payment Processors (PSP/Acquirer). Its NAICS code is 52232 and its SIC code is 6199.