The Story of a Successful Startup in Gujarat – PayKun Payment Gateway

paykun payment gateway founders

Paykun Payment Gateway Founders


PayKun stands out from others primarily due to the lowest transaction charges (TDR) and the best customer support that it provides.

The Founders

PayKun is the success and hard work of five friends in Gujarat, who dared to dream and is accomplishing what they desired. PayKun is two years old now and has been continuously growing to achieve its objectives and goals. Today, it is considered among the top payment gateways of India with more than 10000 merchants onboarded. The five founders and directors are Nirav Solanki, Nikunj Yadav, Prashant Kambad, Vijay Yadav, and Deepak Dabhi. Deepak Dabhi has been looking after the Human Resources, Accounts, and Graphics & Design in the company as the Chief Finance Officer. Nikunj Yadav plays the role of the Server Administrator at the company, managing Server and database. Vijay Yadav is the Business Development Officer and handles the legal work and Banking Procedures. Lastly, Prashant Kambad is the Chief Technology Officer and has been developing the Payment Gateway and related technology, and also handling the Application Securities & Web Development.


The commencement of PayKun Payment Gateway was the result of their difficulty in getting a payment gateway for their previously established freelancing business. They realized how difficult it is to get a merchant account for startups and SMEs. The PayKun founders had no background or knowledge in the Fintech industry and were newly graduated in their respective fields. So it almost took 6 months on research, to know everything regarding the payment gateway requirements and technology. This way, they started to work on developing their own payment gateway to render the services and took 2 years in its establishment. They had it launched on August 15, 2018 and got the company officially registered on May 31, 2018. 

Initially, there was a staff of only 15, and the company is developed in the tier-3 city of Gujarat. All in all, it was quite a challenge at the time of inception. However, today it has 50 employees working on the path of its growth and development. 

What is PayKun?

PayKun is the payment processor to enable all types of Indian businesses to accept the payments online. It is PCI DSS compliant and follows AES Encryption Standards, thus, it is a safe and secure payment gateway that protects the data and funds with its highest security compliances. It started with the facility of 50 online payment methods and today it has 120+ payment method options, also, it has been processing domestic as well as international payments. This way, with PayKun the Indian businesses can reach out globally and easily accept the online payments for the services or products they provide worldwide. It supports 29+ international currencies and all the major countries in the world.

It has hassle-free integration options with its robust APIs and SDKs. It supports various websites as well as mobile application platforms such as PHP, Magento, Android, iOS, WordPress, Python, .Net, Node JS, Java, WHMCS, Prestashop, Opencart, etc for integrating multiple types of checkouts as per the requirements of the business. It also gives the Payment Links feature. With the help of these, the merchant can accept online payments through chatbots, emails, messengers, etc. This feature is very useful in case you do not have a website/app or do not use a website/app for payment collection. If you have an offline store or Social Commerce you can simply create a payment link and provide the ample options to your customer to make payments in a secure way. This way no POS, Swipe machines or any other device would be required.

PayKun stands out from others primarily due to the lowest transaction charges (TDR) and the best customer support that it provides. There is no fee for setup and maintenance. The international transaction discount rates are also very much affordable. Furthermore, its onboarding process is the fastest and the merchant account can be registered in no time. The payments of the customers are directly settled in the bank account of the merchant in the predefined settlement time period. 

The Future

It has been following its purpose to provide the best services at the lowest rates in the market. Its goals include bringing all Indian merchants under its roof and provide all possible features with its online payment solutions. All the startups, small businesses, large enterprises, or individuals would accept digital payments for their business in the easiest way. Also, the customer will get all the preferred options that they would like to pay with. PayKun’s Mission is to empower the business enterprises of all sizes and reach out to all segments with a simple, hassle-free, and affordable online payment solution with fast and easy access to all its services, features, and processes.

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