Razorpay vs 2C2P: Which Payment Processor Suits Your Asia-Pacific Business?
A detailed comparison of Razorpay and 2C2P focusing on pricing, supported payment methods, integration complexity, and regulatory standing in the Asia-Pacific region.
Photograph: Nathana Rebouças / Unsplash
Businesses operating primarily in India seeking a comprehensive local payment solution with seamless integration.
Companies targeting Southeast Asia requiring extensive local payment method support and regional compliance.
At a glance
| Criterion | Razorpay | 2C2P |
|---|---|---|
| Pricing Structure | 2% per transaction for domestic cards; custom enterprise pricing for higher volumes. No setup or monthly fees. GST of 18% applies to platform fees. ([razorpay.com](https://razorpay.com/blog/?p=26027&utm_source=openai)) | Custom pricing based on transaction volume and markets. No setup or monthly fees. ([paymentproviders.io](https://paymentproviders.io/compare/2c2p-vs-asiapay?utm_source=openai)) |
| Supported Payment Methods | UPI, debit and credit cards, net banking, wallets, EMI, BNPL. ([productgrowth.in](https://productgrowth.in/tools/payments/razorpay/?utm_source=openai)) | Alipay, Apple Pay, bank transfers, digital wallets, Diners Club, JCB, Mastercard, UnionPay, Visa. ([paymentproviders.io](https://paymentproviders.io/compare/2c2p-vs-asiapay?utm_source=openai)) |
| Integration Complexity | Developer-friendly APIs with comprehensive documentation and multiple SDK options. ([productgrowth.in](https://productgrowth.in/tools/payments/razorpay/?utm_source=openai)) | Good documentation and regional support teams, moderate integration complexity. ([paymentproviders.io](https://paymentproviders.io/compare/2c2p-vs-asiapay?utm_source=openai)) |
| Regulatory Standing | Complies with Indian regulations; GST of 18% applies to platform fees. ([razorpay.com](https://razorpay.com/blog/?p=26027&utm_source=openai)) | Complies with Southeast Asian regulations; specific compliance details vary by country. ([paymentproviders.io](https://paymentproviders.io/compare/2c2p-vs-asiapay?utm_source=openai)) |
Why this comparison matters
Practitioners in Asia-Pacific are currently comparing Razorpay and 2C2P as they navigate the complexities of regional payment processing. With diverse regulatory environments and consumer preferences, businesses must choose a payment processor that aligns with their specific needs. This decision is crucial for companies operating across borders, requiring seamless integration with local payment methods and compliance.
Pricing: where each wins
Razorpay charges a 2% platform fee for domestic card transactions, in addition to an 18% Goods and Services Tax (GST). This means that for every $100 transaction, Razorpay takes $2.36 (2% + 18% GST) as a fee. In contrast, 2C2P offers custom pricing based on transaction volume and markets, with no setup or monthly fees. While this transparency is beneficial, it's essential to note that 2C2P's pricing structure may not be immediately clear, requiring businesses to negotiate their rates.
For companies processing low-to-moderate volumes, Razorpay's fixed platform fee might be more predictable and cost-effective. However, as transaction volumes increase, 2C2P's custom pricing could potentially offer better value. To illustrate this, consider a business processing $100,000 in monthly transactions: Razorpay would charge $2,360 (2% + 18% GST), while 2C2P might negotiate a lower rate based on their specific agreement.
Developer experience and integration
Razorpay provides developer-friendly APIs with comprehensive documentation and multiple SDK options. This makes it easier for businesses to integrate the payment processor into their existing systems. In contrast, 2C2P offers good documentation and regional support teams but has moderate integration complexity. While both processors have strengths in this area, Razorpay's API quality and breadth of SDK options give it an edge.
Regional considerations for Asia-Pacific
The Asia-Pacific region is characterized by diverse local regulations, payment methods, and consumer preferences. For businesses primarily operating in India, Razorpay's focus on compliance and payment method offerings makes it a suitable choice. However, for companies targeting Southeast Asia, 2C2P's extensive support for regional payment methods and currencies is more relevant.
In addition to payment method support, regional considerations also include data residency and local language requirements. Businesses operating in Southeast Asia may need to ensure that their payment processor complies with specific regulations, such as the Philippines' Data Privacy Act or Indonesia's Personal Data Protection Law. While both Razorpay and 2C2P have experience working within these regions, it's essential for businesses to evaluate their specific needs and choose a processor that aligns with local requirements.
The verdict
For businesses primarily operating in India, Razorpay is the more suitable choice due to its comprehensive local payment solution and developer-friendly integration. However, for companies targeting Southeast Asia requiring extensive local payment method support and regional compliance, 2C2P is more suitable. Businesses not exclusively focused on these regions or with specific payment method requirements may want to consider other options.
What could change this recommendation
Realistic scenarios that might shift the recommendation include changes in regulatory environments, updates to payment method offerings, or shifts in pricing structures. For instance, if 2C2P introduces a fixed platform fee similar to Razorpay's, their custom pricing model may become less attractive. Conversely, if Razorpay expands its support for regional payment methods and currencies, it could become a more viable option for businesses operating across the Asia-Pacific region.