RazorpayX

by Razorpay · Bengaluru, Karnataka · Since 2014

Business banking with payouts, vendor payments and payroll.

Banking, lending & fintech Payroll software Workflow automation & integrationRecommendedMade in IndiaFreeMobile app

Starting price: ₹1,499; per month, Core plan billed quarterly (₹4,497 + GST)
Free trial / plan: Not advertised
Deployment: Cloud; Web, Android & iOS
App Advisor rating: 4.6; transparency & India fit

What is RazorpayX?

RazorpayX is Razorpay's business banking layer. It sits on top of a current account from a partner bank and adds things banks are slow at: bulk payouts of up to 50,000 transfers in a batch with one OTP, approval workflows, vendor invoice processing and payout APIs. Razorpay is clear that RazorpayX is not a bank itself; the account is held with partners such as ICICI, RBL and Yes Bank.

Don't let the 'free' label fool you. The catalogue lists it as free, but the current pricing page has subscription plans billed quarterly: Core at ₹1,499 a month (₹4,497 per quarter plus GST), Pro at ₹4,199 a month, or ₹5,999 with API payouts, and Vendor Payments at ₹9,799 a month. Per-payout charges come on top and are only shown in the dashboard. RazorpayX Payroll is priced separately, from ₹3,499 a month for up to 20 employees plus 18% GST.

It's strongest for startups and D2C brands with heavy payout volume: refunds, seller payouts, contractor payments or salaries. A small business making ten vendor payments a month will get more value from its bank's own net banking.

What works well

+Bulk payouts up to 50,000 per batch with a single OTP
+Payout API covering UPI, IMPS, NEFT, RTGS and cards
+Approval workflows and multiple users
+Vendor payments with OCR invoice capture and multi-level approvals
+Payroll that files and pays TDS, PF, PT and ESIC across all states
+User seats can be changed at any time without extra charges

What to watch out for

−Subscription plus per-payout fees, and the payout rates aren't on the public pricing page
−Billed quarterly, not month-to-month
−Not a bank; your money sits with the partner bank
−Razorpay's own pages are inconsistent about which partner banks are supported
−Payroll is a separate subscription

Best suited for: Startups and marketplaces making large numbers of payouts · Finance teams that want maker-checker approvals on payments · Companies wanting payroll and vendor payments run from the same account

RazorpayX at a glance

Analysing RazorpayX — pricing, features, reviews and alternatives…

Generated by App Advisor's native engine from this listing's verified data — not a paid placement.

RazorpayX features

Researched from RazorpayX's official product pages · updated October 2026.

Business Banking+

Bulk payouts
Custom approval workflows
Multiple users

Payouts

UPI, IMPS, NEFT, RTGS and card payouts
Routing across banks
Escrow+ with sub-escrows

Vendor Payments

OCR invoice capture
Multi-layer approvals

Payroll

Salary processing and payslips
TDS, PF, PT and ESIC filing and payment
25+ HRMS integrations

Other

Corporate card
Forex management

RazorpayX pricing (INR)

Source

Every edition as published by the vendor. Prices exclude GST unless stated. Full RazorpayX pricing breakdown

Core

₹1,499 per month

billed quarterly, ₹4,497 + GST

Business Banking+ dashboard
Bulk payouts
Multiple users

Pro

₹4,199 per month (₹5,999 with API payouts)

billed quarterly, ₹12,597 + GST for the ₹4,199 option

Everything in Core
Optional API Payouts

Vendor Payments

₹9,799 per month

billed quarterly, ₹29,397 + GST

OCR invoice capture
Multi-layer approvals
Built-in payout engine

Other pricing options & add-ons

API Payouts Bundle
Add-on, billed separately
₹4,000 per month
Payroll PRIME
Up to 20 employees; ₹150 per extra employee
₹3,499 per month + 18% GST
Payroll ELITE
For 50 employees, up to 100; ₹150 per extra employee
₹6,499 per month + 18% GST
Payroll Enterprise
On request

• Per-payout charges are extra and shown in the RazorpayX dashboard.
• Invoices are shared within 5 to 7 business days.

Buying for a team? App Advisor can get you a volume quote and any partner discount available.

Integrations, security & India

Security & compliance

Razorpay cites industry-standard encryption and continuous fraud monitoring
Razorpay Payments Private Limited is described as an RBI-authorised payment aggregator

For Indian businesses

Current accounts held with partner banks; RazorpayX holds no banking licence
Payroll covers statutory filings across 28 states and 8 union territories
Razorpay says it handled $37 billion in payouts in 2024

Trust, compliance & who uses RazorpayX

Used by 70% of India's unicorns (Razorpay claim)

Customers

Is RazorpayX the best choice for you?

Best choice if you are…

Startups and marketplaces making large numbers of payouts
Finance teams that want maker-checker approvals on payments
Companies wanting payroll and vendor payments run from the same account

Look elsewhere if you are…

Small businesses with only a few monthly payments
Businesses that want everything from one regulated bank relationship

Still comparing? Get an unbiased shortlist and demos arranged for free.

Sources (3) · updated October 2026

RazorpayX screenshots

Specifications

Category: Banking, lending & fintech, Payroll software, Workflow automation & integration
Vendor: Razorpay
Headquarters: Bengaluru, Karnataka
Founded: 2014
Pricing model: Subscription
Starting price: From ₹1,499/mo, billed quarterly
Deployment: Cloud
Platforms: Web, Android, iOS
Best for: Startup, Small business, SMB
Made in India: Yes

Free

View

RazorpayX vs ICICI iMobile Pay RazorpayX vs IndusInd IndusMobile RazorpayX vs Bank of Baroda bob World RazorpayX vs Canara ai1 RazorpayX vs Federal Bank FedMobile

Compare all RazorpayX alternatives with pricing →

RazorpayX — frequently asked questions

Is RazorpayX free?+

Not really. The pricing page lists plans from ₹1,499 a month (Core, billed quarterly at ₹4,497 plus GST), and per-payout charges come on top.

Is RazorpayX a bank?+

No. Razorpay states that RazorpayX does not hold a banking licence. The current account is provided by partner banks such as ICICI, RBL and Yes Bank.

What does RazorpayX Payroll cost?+

PRIME is ₹3,499 a month for up to 20 employees and ELITE is ₹6,499 a month for 50 employees, each with ₹150 per extra employee. 18% GST is added.

What are the RazorpayX payout charges?+

Razorpay doesn't list them on the public pricing page; it says per-payout fees appear in your dashboard. Ask for the rate card before signing up.

Can I do bulk payouts?+

Yes. Business Banking+ supports up to 50,000 payouts in a single batch, approved with one OTP.

RazorpayX vs a regular bank current account?+

A bank gives you the account; RazorpayX adds bulk payouts, APIs, approvals, vendor payments and payroll on top. If you make few payments, your bank's net banking is cheaper.

Where is the RazorpayX login page?+

RazorpayX's login is at https://x.razorpay.com/auth, linked from its official website.

How do I sign up for RazorpayX?+

New accounts are created at https://x.razorpay.com/auth/signup/ on RazorpayX's official site.

How much does RazorpayX cost?+

RazorpayX publishes its plans at https://razorpay.com/pricing/. Check that page for current prices, as plans change.

What is RazorpayX?+

RazorpayX is banking, lending & fintech by Razorpay, an Indian company from Bengaluru. Business banking with payouts, vendor payments and payroll.

How much does RazorpayX cost?+

Razorpay publishes: From ₹1,499/mo, billed quarterly. Confirm current plans and taxes on the official pricing page.

Does RazorpayX offer a free trial or free plan?+

RazorpayX does not advertise a free plan; ask the vendor for a trial or a guided demo.

Is RazorpayX made in India?+

Yes. RazorpayX is built by Razorpay, headquartered in Bengaluru, Karnataka.

Who is RazorpayX best suited for?+

RazorpayX suits startup, small business, smb buyers looking for banking, lending & fintech with payroll software and workflow automation & integration.

What are the best alternatives to RazorpayX?+

Popular alternatives in banking, lending & fintech include ICICI iMobile Pay, IndusInd IndusMobile, Bank of Baroda bob World. Use App Advisor's compare tool to see them side by side.

How is RazorpayX deployed?+

RazorpayX is available as a cloud (SaaS) product, with web, Android and iOS apps.