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  • Alka Mehta
  • Founder and CEO
  • PayAid Payments Private Limited
  • Hyderabad, Telangana

The Story

PayAid is a payment gateway platform that solves the transaction failure problem for online businesses, improving their success rate by 30%.


PayAid Payments is a dynamic smart routing platform connecting merchants to multiple payment gateways, ensuring a 93% success rate of transactions and saving valuable time, resources, and money for your business. We solve the following problems:

  • 1. Transaction Failure.

  • 2. Ability to offer >160+ modes of payment.

  • 3. Uptime of 99%: improving credibility.

  • 4. Offering all BNPL and EMI in one place.

  • 5. Your business gets online payment acceptance in 5 working days.


Our product provides the following to its customers:

  • 1. Flexible payment solutions. We calculate the best route across banks and MIDs, configuring rules in real-time to optimize incoming and outgoing transactions.

  • 2. We assign various bank payment gateways to your business and track the status of the server in real-time.

  • 3. We track downtime or fluctuations in bank servers in real-time.

  • 4. Our intelligent algorithm monitors the drop in the success rate of transactions and routes your transactions through other bank gateways.

PayAid has been creating the below mentioned impact to the ecosystem:

  • MSME Impact: PayAid helps the MSME segment with a range of benefits that can help improve their operations and drive growth: increased sales; improved cash flow; enhanced security; access to valuable data; a better consumer experience.

  • Social Impact: PayAid's dynamic payment platform has a significant social impact on the way we conduct financial transactions in modern times.

  • Rural Impact: PayAid is set to help businesses in Tiers 3–6 locations by empowering them with an enterprise-grade tech stack: Facilitating e-commerce in rural markets; Encouraging financial inclusion; Reducing cash transactions; Streamlining payment processes; Enhancing customer experience

Our Achievements

  • Winner of ‘Best Payments Startup of the year 2021’

  • Awarded with ‘Indian Achievers Award 2021-22’ for Promising Startup

  • Winner of Andhra Pradesh Government Fintech Challenge 2022

  • Winner of ‘Digital Women Awards SheThePeople’

To know more

LinkedIn Email id:

https://www.linkedin.com/

Website link of the startup:

https://www.payaidpayments.com/

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