AccessPay vs PayYantra

AccessPay connects business finance and back-office systems to banks for payments, collections, and bank statement retrieval. It supports Bacs, Faster Payments, CHAPS, SWIFT, SEPA, and Direct Debit collections, and says it connects finance applications with more than 11,000 banks worldwide. ERP, payroll, and other back-office systems can connect through SWIFT, Host-to-Host, EBICS, sFTP, or API. Its file transformation engine handles formats including CSV, Standard18, and PAIN, as well as less common formats. Fraud and error controls include payment screening, beneficiary checking, sanctions screening, and Confirmation of Payee capabilities. Security measures listed include masked and encrypted transaction data, MFA or SSO login, user access controls, segregation of duties, and audit trails. The platform does not cap transaction count or value, though payment schemes may set their own value limits. Pricing is on request and depends on estimated annual transaction volumes, users, and required configurations and workflows. Initial setup carries a one-time professional services fee of 25%; bank fees are separate.

PayYantra is a payment infrastructure and orchestration platform for collections, payouts, routing, settlement and reconciliation. Its unified payment API accepts UPI, cards, net banking, wallets and buy now, pay later. The platform evaluates connected payment service providers using live performance information and routes transactions accordingly. Payouts can be sent through IMPS, NEFT, RTGS and UPI. OmniVAN provides virtual account collections, incoming payment tracking, UTR capture and automated reconciliation; eNACH supports mandate creation, scheduled collections and payment tracking. Developer materials describe REST APIs, webhooks, API keys and an isolated sandbox for simulating payment scenarios. Native SDKs are listed for iOS and Android, alongside React Native and Flutter. OmniVAN lists SAP, Oracle, Tally, Zoho and custom systems as integrations. PayYantra says it serves enterprises, banks, NBFCs, fintechs and regulated institutions. Pricing is on request. The company states that it is not a bank and that funds are held in nodal accounts with RBI-licensed scheduled commercial banks.