How do I collect payments with SMEPay?

Sign up, generate UPI links or QR codes, and share them with customers.

Are there any hidden fees?

No! We offer zero transaction fees with Rs3/link.

What type of payments can be accepted through SMEPay?

SMEPay QR allows payments from all UPI-enabled apps and bank accounts, including Paytm, Google Pay, PhonePe, BHIM, and others.

What is the difference between the Basic Plan QR Link and the Pro Plan QR Link?

The Basic Plan QR Link provides a simple QR code for accepting payments directly to your existing UPI ID (VPA). The Pro Plan QR Link offers advanced features such as deep link payments on mobile, automatic payment status tracking, and API integration for collecting payments from your website. A KYC-verified merchant account is required for the Pro Plan.

Does SMEPay provide a payment gateway service?

No, SMEPay provides only Dynamic QR code service.

SMEPay is a UPI-based payment gateway and financial platform for Indian SMEs. It allows businesses to collect payments, generate GST-compliant invoices, and manage cash flow. SMEPay charges a flat ₹3 platform fee per successful transaction, making it cost-effective for growing businesses.

Is SMEPay a payment gateway?

Yes, SMEPay is a UPI-based payment gateway specifically built for small and medium businesses. Unlike traditional gateways, SMEPay offers simple pricing and built-in tools like invoicing, vendor payments, and cash flow insights.

How does SMEPay pricing compare to Razorpay and others?

SMEPay charges a flat ₹3 per successful UPI transaction. Razorpay, Cashfree, and others typically charge 0.9% to 2% per transaction. For businesses with many small payments, SMEPay can be more cost-effective than percentage-based models.

What are the differences between SMEPay, Razorpay, Cashfree, Instamojo, and Paytm?

SMEPay is a UPI-based gateway with a flat ₹3 fee and built-in tools for SMEs like invoicing and cash flow tracking. Razorpay is a developer-focused gateway with support for multiple payment modes and APIs. Cashfree offers fast settlements and payouts. Instamojo focuses on digital product sellers and D2C brands. Paytm provides a wide wallet-based ecosystem and POS hardware. SMEPay is ideal for service-based or invoice-heavy businesses looking for predictable pricing and GST compliance.

Who should use SMEPay?

SMEPay is best for small and medium businesses in India that need an easy-to-use platform to collect payments via UPI, send GST invoices, and track cash flow. It suits service providers, freelancers, traders, and growing startups.

Does SMEPay support GST billing?

Yes, SMEPay supports GST-compliant billing, including HSN/SAC codes, auto GST calculations (CGST, SGST, IGST), and exportable reports for easy return filing.

How do I get started with SMEPay?

You can sign up on SMEPay’s website in under 2 minutes using your business and PAN details. No paperwork is required to start collecting payments and generating invoices.

3 Feb 2026

UPI Was Built for Consumers. Merchants Were an Afterthought.

Trilochan Parida

Summary: UPI transformed consumer payments in India, but merchants still face KYC friction, limited current-account access, and weak B2B flows. This article explains why SMEs struggle with UPI and what needs to change.

UPI Was Built for Consumers. Merchants Were an Afterthought.

True Performance Marketing for Indian SMBs—Powered by Memorly.AI × SMEpay