Payment Gateway of India

What Payment Gateway of India does

Payment Gateway of India (PGI), operating as PGI Online Solutions Private Limited, is a Mumbai-headquartered FinTech founded in 2013 that runs an e-wallet-based online payment gateway platform targeting Indian merchants and a nationwide network of retailers and agents. The platform is built on a two-sided architecture: merchants integrate to accept online payments via the PGI Payment Gateway, while retailers and agents use the PGI eWallet and Retailer Agent Platform to serve end customers with services such as rail, air, bus and hotel ticketing, mobile recharge, and utility bill payments. Underlying components include OTP-based authentication, real-time transaction reporting, consolidated MIS and reconciliation, customizable merchant payment pages, and a generic fraud-prevention layer, with Comodo SSL securing the public-facing site. Distribution is organised through a four-tier channel network — Principal Agents (national), Franchisees (state), Distributors (city/district) and Retailers/Agents (outlet) — with API and direct-login integration options for merchants.

The business model combines transaction processing fees, agent/retailer commissions, channel-partner network access fees, and a retailer reward-points program. Marketing runs through organic social (Facebook, Twitter, Google+), a company blog, email, and partner referrals. The company is private, bootstrapped beyond two small disclosed early-stage cheques (JioGenNext in 2016 and GenNext Ventures in 2017), reports 1-10 employees, and operates exclusively in India with no disclosed revenue, no mobile app, and no public API or developer documentation. Customer logos are limited — IRCTC rail tickets and partners such as Chennai Marcopia Travels (CMT), flyonfares, Akasa Air, Star Air and BBPS are the principal named relationships — and the public website shows a dated 2014 copyright with Google+ references, suggesting limited recent platform investment.

Name

Payment Gateway of India

Legal name

PGI Online Solutions Private Limited

Website

https://pgofindia.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Payment Gateway of India (PGI) is a Mumbai-based, bootstrapped FinTech founded in 2013 that operates an e-wallet payment gateway connecting Indian merchants with a four-tier nationwide channel network of retailers and agents offering travel, recharge and utility bill-payment services.

Ownership category

akta.pro rank

Product category

Payment Gateway Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

akta.pro secondary industries

Payment Gateways & Orchestration (BPAMAFAA), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Payment Reconciliation, Reporting & Settlement Infrastructure (FSAGABAH)

Keywords

• Payment gateway services
• Digital wallet platform
• Merchant payment processing
• Agent network distribution
• Bill payment services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Transaction Processing Fees: PGI charges transaction fees for processing online payments through its payment gateway. The platform enables merchants to accept payments across India with guaranteed and early access to funds.
2. Agent/Retailer Commissions: Retailers and agents earn commission on PGI transactions as well as incremental purchases. The platform enables foot traffic in stores by offering various online services from different merchants with consolidated payment settlement.
3. Multi-Merchant Network Fees: Channel partners (Principal Agents, Franchisees, Distributors) pay network access fees to join the PGI network, gaining access to the wide network of merchants under one unified account.
4. Reward Points Program: Retailers earn reward points when moving money in or out of their e-wallets, which can be redeemed for electronics, gift cards, and cash credits to E-wallet.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Payment Gateway of India (PGI) operates an online payment gateway and e-wallet platform that enables merchants across India to accept digital payments and allows retailers/agents to make online payments and offer value-added services (rail/air/bus ticketing, mobile recharge, hotel booking, utility bill payments) through a unified account. The platform is distributed via a multi-tier channel partner network spanning Principal Agents, Franchisees, Distributors, and Retailers.

Product overview

Payment Gateway of India (PGI) operates as a unified payment processing platform comprising a core payment gateway and eWallet system. The platform serves two primary segments: Merchants who accept online payments, and Retailers/Agents (B2B) who provide services to end consumers. The core products include the PGI Payment Gateway for transaction processing, the PGI eWallet for digital payments, and a Merchant Admin Panel for back-office management. These are supplemented by retailer-focused services including a Rewards Program and a Retailer Agent Platform. The platform offers integrated services including rail ticket booking (via IRCTC), air tickets, bus tickets, hotel bookings, mobile recharge, and utility bill payments. The architecture is a platform-plus-services model where the payment gateway and eWallet serve as the foundational infrastructure connecting merchants, retailers, and consumers across India's tier-2 and tier-3 cities with cash acceptance at franchised outlets.

Differentiator

Problem solved

Functional benefit

Products and services

• PGI Payment Gateway
• PGI eWallet

Quantifiable outcome

• Reduced operational costs through consolidated multi-merchant platform with single account for all transactions
• +2 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• IRCTC (Indian Railway Catering & Tourism Corporation)coreChannel Partner/ Reseller/ DistributorIRCTC is a key service provider for rail ticket booking through the PGI platform. PGI enables retailers to sell IRCTC rail tickets through their network, expanding ticket distribution across India beyond IRCTC's own branch network.
• flyonfarescoreChannel Partner/ Reseller/ DistributorFlyonfares is an authorized agent providing online Air, Bus, Hotel bookings, Mobile recharge, Bill payment and Money Transfer services through the PGI platform. It serves as a key service provider enabling PGI retailers to offer comprehensive travel and utility services.
• Chennai Marcopia Travels Pvt Ltd (CMT)coreChannel Partner/ Reseller/ DistributorCMT is an authorized principal service provider for IRCTC, licensed to open E-ticketing Centers across India. They provide rail, air & bus tickets, mobile & DTH recharges, hotels, online shopping and utility payments through the PGI network.
• Akasa AirminorChannel Partner/ Reseller/ DistributorAkasa Air flight booking services are available through the PGI member login platform, indicating a partnership for air ticket distribution.
• Star AirminorChannel Partner/ Reseller/ DistributorStar Air flight services are accessible through the PGI platform, enabling retailers to offer air ticket booking services.
• BBPS (Bharat Bill Payment System)minorChannel Partner/ Reseller/ DistributorBBPS login is available through the PGI member portal for bill payment services, indicating integration with India's official bill payment system.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Mobikwik: Indian digital wallet and payment platform with merchant acquiring and bill payment services; the combination of wallet plus merchant gateway is structurally similar to PGI's payment gateway + eWallet model.

Direct peers

• Cashfree Payments: Indian payment gateway and aggregator serving online merchants with APIs, payout, and settlement products, directly comparable to PGI's payment gateway for Indian merchants.
• PayU India: One of India's largest payment service providers offering gateway, checkout, and merchant acquiring services; competes head-on with PGI in the Indian SMB and enterprise merchant acquiring market.
• BillDesk: Long-standing Indian bill payment and payment aggregation platform operating across utility, travel, and merchant categories — close functional peer for the bill-payment portion of PGI's offering, including BBPS presence.
• CCAvenue: Pioneer Indian online payment gateway offering multi-instrument checkout and a wide range of payment options for merchants — overlapping closely with PGI's hosted/API checkout model.
• Razorpay: India's largest online payment gateway and aggregator, offering APIs, hosted checkout, and a broad merchant suite that directly overlaps with PGI's core payment gateway offering for Indian online businesses.

Broad incumbents

• Paytm (Paytm for Business): Large Indian payments incumbent offering payment gateway, QR, wallet, and BBPS bill payment services across consumer and merchant segments; overlaps with PGI across merchant acquiring and bill payment.

Regional players

• PayPal India: Global digital payments player offering India-specific merchant acquiring and cross-border checkout capabilities; comparable to PGI's merchant payment gateway function for Indian merchants needing international exposure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pgofindia
• Facebookfacebook.com/pgofindia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Payment Gateway of India