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Papaya Global vs Razorpay: Which Payroll Software Is Better?


Disclosure: We may earn commissions if you shop through the links below.

Last Updated: April 25, 2025

Both Papaya Global and Razorpay are leading payroll software solutions, but which one is better for you and your business?

Below we compare Papaya Global and Razorpay across nearly 50 different data points to help you make find the right one.

 

Papaya Global vs Razorpay Reviews

Papaya GlobalRazorpay
Trustpilot Rating2.62.1
Number of Trustpilot Reviews6322
iPhone App Rating04
Number of iPhone App Reviews012
Android App Rating00
Number of Android App Reviews00

Papaya Global vs Razorpay Pricing

Papaya GlobalRazorpay
Free Trialn/aYes
Free Trial Lengthn/an/a
Cheapest Plan NamePayroll Platform LicenseFree Plan
Cheapest Plan Cost Per Month$150$n/a
Mid Priced Plan NameData and Insights Platform Licensen/a
Mid Priced Plan Cost Per Month$150$n/a
Top Plan NameEmployer of RecordPro Plan
Top Plan Cost Per Month$650$36.02

Papaya Global vs Razorpay Features

FeaturesPapaya GlobalRazorpay
Target Business SizeEnterpriseMid size business
Unlimited Payrolls✘✘
Automated Tax Filing & Payments✔✘
E-sign I-9 & W-4✘✘
Live Customer Support✘✘
Third-Party Integrations✔✔
Ability To Manage Employee Benefits✔✘
Employee Access To Platform✔✔
Direct Deposit✔✘
Expense Reimbursement✔✔
Time Off Accrual✔✘
Pre-Tax Deductions✔✘
Wage Garnishment✔✘
Background Checks✘✔
Check Printing✘✘
Check Delivery✘✘
API✔✔

Papaya Global Payroll Platform License Features

  • Upgrade your payroll and payments technology without replacing your payroll partners
  • No need to rip and replace your existing payroll network
  • Quickest “Go Live” on the market

Razorpay Free Plan Features

  • Payroll Calculation
  • Payslip Generation
  • Direct Salary Payment
  • One-Time Adjustments
  • Salary Advance
  • Salary Register
  • Expense Management/Reimbursements
  • Contractor Payments
  • Compliance Calculation (PF, PT, TDS, ESI)
  • Custom Salary Structures
  • Email Notifications
  • Email Support

Papaya Global Employer of Record Features

  • Hire top talent anywhere
  • Build local teams in weeks, not months
  • Test new markets – without payroll liability

Razorpay Pro Plan Features

  • Payroll Calculation
  • Payslip Generation
  • Direct Salary Payment
  • One-Time Adjustments
  • Salary Advance
  • Salary Register
  • Expense Management/Reimbursements
  • Contractor Payments
  • Compliance Calculation (PF, PT, TDS, ESI)
  • Compliance Payment & Filing
  • Form 16 Generation ITR Filing
  • Custom Salary Structures
  • Backend Support for Bulk Onboarding for employees
  • Bulk Upload for Contractor Payments, One Time Payments, Salary Advances, Additions/Deductions, Employee Dismissals, Custom Salary Structures
  • Customizable Reports
  • Customizable Roles & Permissions
  • API & Webhooks
  • Third-party integrations (HRMS, Flexible Benefits, Health Insurance and more)
  • Investment Proof Verification
  • Flexible Benefits Setup and Payment
  • Health Insurance
  • Performance Management
  • Basic Attendance
  • Leaves
  • Bulk Attendance Upload
  • Biometric Attendance
  • Shifts
  • Timesheets
  • Email Notifications
  • Payslips on WhatsApp & Slack
  • Reimbursement Claims on WhatsApp & Slack
  • Salary Account
  • ITR Filing for Employees
  • Background Verification
  • Email Support
  • Chat Support

Papaya Global vs Razorpay Pro & Cons

Papaya GlobalRazorpay
Pros
  • Payment processing through Papaya Global is safe with GDPR and SOC Compliance and no third-party involvement.
  • High level of customization within the HRIS system.
  • Robust analytics for predictive analytics, financial forecasting and comprehensive insights.
  • Payment Notification
  • Intuitive Dashboard
  • Various Payment Methods
  • Export of reports
Cons
  • Expensive compared to alternative PEO software solutions.
  • Papaya Global has an EOR aggregator model, meaning that it uses a network of ICPs, and does not own EOR subsidiaries or legal entities in the countries it services.
  • The solution lacks HR features commonly present in other PEO solutions, like performance monitoring and training management tools.
  • Customer support response time
  • Reduce flat payment gateway charges
  • Add more Wallet and EMI options

Other Payroll Software Comparisons

  • Xero Payroll vs WorkZoom
  • Hourly vs Proliant
  • Aruti vs Everee Payroll
  • SumoPayroll vs Paycor
  • Paylocity vs BambooHR
  • Razorpay vs Sage
  • Zenefits vs Namely
  • ThePayStubs vs CloudPay
  • isolved vs Hourly
  • Paylocity vs Dayforce

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