Neon has partnered with payment service provider Razorpay to let its clients accept payments from players in India in local currency via UPI-enabled methods, as well as credit and debit cards.
The move extends Neon’s Merchant of Record platform to India, bringing its global payment service provider network to seven: Razorpay, Stripe, PayPal, Paysafe, dLocal, Bamboo and Komoju.
This network covers over 99% of global mobile game spending, including all of the top 50 markets.
India is a priority market for Neon, driven by client demand and the fastest-growing user base in mobile gaming.
In FY 2024–25, the country recorded 8.45 billion mobile game app installs, the highest volume globally.
In-app purchase revenue is about US$400 million but growing as digital payment infrastructure matures.
UPI accounts for 83% of all digital transactions and 186 billion transactions during the same period.
Through Razorpay’s gateway, Neon will offer payments in Indian rupees via UPI wallets and local cards, while managing checkout, tax compliance, fraud protection and dispute resolution.
Razorpay’s compliance with the Reserve Bank of India’s Payment Aggregator–Cross Border framework enables secure remittance and timely settlements, allowing Neon to move funds from India to global operations.
Headquartered in San Francisco, Neon is a direct-to-consumer payments platform for the games industry, offering Merchant of Record services, compliance, fraud protection, a plug-and-play webshop, customisable checkout and local payment coverage worldwide.
Razorpay processes payments for over 10 million businesses in India.
Chris Faught, Founder and CEO of Neon, said,
“India is one of the most exciting growth opportunities in gaming today: a massive, mobile-first audience, now reachable through efficient direct-to-consumer payments.
This is exactly why we built Neon. With Razorpay, we’re unlocking both scale and margin for our clients, while giving players in India the seamless, local experiences they expect.”
Featured image: Edited by Fintech News Singapore, based on image by EyeEm via Freepik
