Happay vs RazorpayX (2026): which should you pick?

Pick Happay if

• Fits if you are an Indian company that needs GST-aware expense reports
• Works for finance teams that want prepaid cards and travel in one platform

Look elsewhere if

• Pricey if you can't see a price, as none is published and the pricing page errors out
• Not for you if you operate outside India, as the GST and tax features are Indian
• Tight if you want a self-serve trial, as the site only points to a demo
• Watch out: the apps are on the India App Store and Google Play, as two separate apps for expenses and travel

Pick RazorpayX if

• Fits if you run payouts and vendor payments for an Indian business
• Works for finance teams that need approval steps and TDS on payments

Look elsewhere if

• Pricey if you pay per payout, since plan fees cover platform access only and charges are billed separately
• Skip it if you need receipts or company cards, as it covers neither
• Watch out: the API Payouts bundle is an add-on at ₹4,000 a month
• Watch out: features are blocked if you don't upgrade to a paid plan, though the partner-bank account stays open
• Watch out: prices are in rupees excl. GST, and only the quarterly figures were readable

Happay

• Happay publishes no prices; its pricing page returns an error and the site points to a demo request.
• The site is aimed at enterprises and India, and its GST features apply to Indian tax.
• The listed mobile apps are in the India App Store and on Google Play, as separate Expense and Travel apps.

RazorpayX

• Plan fees cover platform access only; payout charges are billed separately and shown on the dashboard.
• The API Payouts bundle is an add-on at ₹4,000 a month, and other add-ons are arranged through sales.
• Access to RazorpayX features is blocked if you do not upgrade to a paid plan, though the partner-bank account stays open.
• Prices are in rupees and exclude GST; the Annually toggle was not readable, so only the quarterly figures are recorded.

Happay

Automatic expense capture

Xpendite pulls expense data from 6+ sources; the mobile app lists receipt OCR, WhatsApp and email capture, and automatic route capture.

Policy audit

SmartAudit flags duplicate invoices, overclaimed amounts, out-of-policy expenses and data mismatches as each report is filed.

Approvals and reimbursements

ApprovNow sends real-time alerts through approval hierarchies, and reimbursements can be paid individually or in bulk, trip by trip.

Prepaid cards

Cards for petty cash, fleet spend, employee tax benefits and payroll, with limits by daily or weekly amount, merchant category and payment mode.

Travel booking and GST

A self-booking tool covers flights, hotels, cabs, trains and buses, and Happay says its GST capture supports input tax credit claims.

Analytics

DeepAnalyze reports on top spenders, policy violators, approval times and department spend, with custom reports.

RazorpayX

Payouts by NEFT, RTGS and IMPS

Pays or schedules payments over NEFT, RTGS and IMPS, with instant beneficiary addition and a maker-checker step on payouts.

Bulk payouts

Pro and Vendor Payments plans accept up to 50,000 payouts at once from a CSV file uploaded in the banking portal.

Vendor payments and TDS

The Vendor Payments plan captures invoices by email, upload or portal, reads them with OCR and calculates TDS linked to a vendor's PAN.

Approval workflows

Pro adds custom approval flows, and Vendor Payments adds multi-layer approvals set by amount, team or department.

Payout links

Single or bulk payout links let customers claim an amount into their own bank account without sharing details up front.

Banking APIs and add-ons

An API Payouts bundle, bank account validation, UPI payouts, ERP integrations and auto-reconciliation are sold as paid add-ons.

Happay

Pricing could not be confirmed. See happay.com.

RazorpayX

• Core₹1,499

  per month, billed quarterly (₹1,999 list)

  Basic payouts, automated beneficiary onboarding, simple approvals and the mobile app. ₹4,497 + GST a quarter.

• Pro₹4,199

  per month, billed quarterly (₹5,999 list)

  Adds bulk payouts, payouts without full bank details, team roles and custom approval flows. ₹12,597 + GST a quarter.

• Vendor Payments₹9,799

  per month, billed quarterly (₹13,999 list)

  Adds invoice OCR, vendor onboarding, a vendor portal and automated TDS. ₹29,397 + GST a quarter.