10 Types of Payment Methods, Meaning & How to Accept Them in 2025?

The way businesses accept payments is evolving rapidly, with digital transformation leading the charge. By 2025, payment methods will be more seamless, faster, and increasingly localized to customer preferences.

For Global B2B companies—especially in industries like in-game purchases, live chat services, and design platforms (similar to Canva)—accepting payments from international clients, particularly in India, remains a challenge. Many businesses struggle with failed card transactions due to regulatory issues and banking restrictions.

This article explores the 10 types of payment methods, their meaning, and how businesses can accept them effectively in 2025. It also highlights how Transact Bridge provides a frictionless payment experience for Global businesses accepting payments from Indian clients through UPI, cards, and net banking.

1. Cash Payments

What is a Cash Payment?

Cash remains one of the oldest forms of transaction. Despite the digital shift, cash is still widely used in certain industries and economies.

How Can Businesses Accept Cash in 2025?

• Businesses with physical stores can accept cash payments.

• Cash-on-Delivery (COD) remains an option for e-commerce.

• Deposit cash payments into bank accounts for better tracking.

Further Reading: The Future of Cash Payments in a Digital World

2. Credit & Debit Card Payments

What Are Card Payments?

Credit and debit cards are widely used for B2B and consumer transactions, enabling seamless cross-border payments.

Challenges for Global Companies Accepting Indian Card Payments

• Failed transactions due to RBI regulations.

• Additional verification layers (like OTP authentication in India).

• Currency exchange complexities.

How Transact Bridge Solves This Issue?

Transact Bridge optimizes card payment processing to reduce failure rates by partnering with banks and integrating with local payment gateways.

Further Reading: Visa’s Global Payment Trends

3. Bank Transfers & Wire Transfers

What Are Bank Transfers?

Wire transfers and bank transfers allow direct money transfers between business accounts.

How Businesses Can Accept Bank Transfers in 2025?

• Provide SWIFT and IBAN details for international transfers.

• Partner with payment processors that support real-time cross-border bank transfers (e.g., Transact Bridge).

4. UPI (Unified Payments Interface)

What is UPI?

UPI is India’s most preferred digital payment system, enabling instant transfers between banks via mobile apps.

Why Global Businesses Need UPI Acceptance?

• Over 50% of digital transactions in India happen via UPI.

• Card payments from India often fail, but UPI transactions rarely do.

• UPI adoption is growing in global markets.

How Transact Bridge Enables UPI Payments for Global Businesses?

• Allows direct UPI transactions, reducing the dependency on cards.

• Integrates UPI with existing checkout systems.

Further Reading: India’s Digital Payment Revolution: UPI

5. Digital Wallets (Google Pay, Apple Pay, PayPal, etc.)

Digital wallets offer secure and convenient payments, particularly for mobile-based transactions. However, Indian clients prefer local wallets like PhonePe and Paytm over PayPal.

How to accept digital wallet payments?

• Use Transact Bridge to integrate both global and Indian digital wallets.

• Ensure mobile-friendly checkout experiences to encourage wallet usage.

Further Reading: McKinsey’s Report on the Future of Digital Payments

6. Cryptocurrency Payments

Cryptocurrency is gaining traction as an alternative mode of payment, especially for cross-border transactions. However, regulatory uncertainties pose challenges for businesses accepting crypto in India.

How to accept crypto payments?

• Partner with Coinbase Commerce for regulated crypto payments.

• For stable transactions, UPI and bank transfers via Transact Bridge remain better options.

7. QR Code Payments

QR code payments are widely used in India for both B2B and B2C transactions. They offer a fast and seamless means of payment without requiring card details.

How to accept QR code payments?

• Generate a QR code via Transact Bridge for instant payments.

• Offer dynamic QR codes for real-time invoicing and order tracking.

8. Buy Now, Pay Later (BNPL) Services

BNPL allows businesses to offer flexible instalment-based payments. This is particularly useful in the subscription economy and digital services industry.

How to accept BNPL payments?

• Partner with BNPL providers like Simpl, LazyPay in India.

• Enable BNPL options through Transact Bridge to encourage higher-value purchases.

9. Contactless Payments (NFC & Tap-to-Pay)

Near Field Communication (NFC) payments allow tap-and-go transactions, reducing friction in point-of-sale purchases.

How to accept NFC payments?

• Equip businesses with NFC-enabled terminals for faster checkouts.

• Enable Google Pay and Apple Pay via Transact Bridge.

10. Subscription-Based & Recurring Payments

What is a Subscription Payment?

Subscription-based payments allow automatic recurring billing for services.

How Global B2B Companies Can Accept Recurring Payments?

• Use payment processors that support automated billing.

• Implement UPI AutoPay for Indian customers via Transact Bridge.

Further Reading: The Rise of Subscription Economy

How Transact Bridge Can Help Global B2B Companies Accept Payments from Indian Clients?

Transact Bridge is designed to solve the challenges Global businesses face when receiving payments from India.

Projected Impact of Using Transact Bridge:

Conclusion

As the payment ecosystem evolves in 2025, businesses must offer multiple payment methods to enhance customer experience and expand globally.

For Global B2B companies facing challenges in accepting payments from Indian clients, Transact Bridge offers a reliable, secure, and efficient payment gateway supporting UPI, card payments, net banking, and digital wallets to ensure seamless transactions.

Ready to overcome payment hurdles and scale your business in India? Contact Transact Bridge today and unlock a world of seamless payments!