Top 10 PayNet Systems Alternatives & Competitors

PayNet Systems specializes in custom fintech software development tailored for the BFSI industry. Since its founding in 2016, the company has focused on creating an end-to-end technology development stack, offering ready-to-use plugins such as wallets and API connectors. With a dedicated team, they ensure efficient integrations and quick deployment, meeting the unique needs of financial services clients.

Below are 10 agencies, including Menlo Technologies, A Quisitive Company, Smart IT, Astec, DVelop Software Solutions, Argusoft, Sosene Software, CRODU, Intellectsoft, Softelnet, Gravity Code S.L.:

Top 10 Alternatives to PayNet Systems by 7BE

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  • Menlo Technologies, A Quisitive Company

    Cloud, Web Apps and Mobile enterprise development

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    Pros:

    Affordable rates for high-quality services
    Wide range of technology expertise
    Experienced team with good communication

    Cons:

    U.S.-based, may have higher costs
    Larger team might be less responsive
    Less specialized in fintech sector

    $25 - $49

    250 - 999

    Founded in 2010

    $25,000+

    Los Altos

    Verified

    Focus

    80% Custom Software

    80%80% Custom Software

    10%10% IT Staff Augmentation

    10%10% Enterprise App Modernization

  • Smart IT

    Don't settle for average.Work with the best!

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    Pros:

    Competitive pricing for quality work
    Strong flexibility and availability
    Good communication with clients

    Cons:

    Higher minimum project size
    Limited fintech experience
    Smaller team may lack extensive resources

    $25 - $49

    50 - 249

    Founded in 2011

    $50,000+

    San Francisco

    Verified

    Focus

    65% Custom Software

    65%65% Custom Software

    20%20% Enterprise App Modernization

    15%15% IT Staff Augmentation

  • Astec

    We Make Software

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    Pros:

    Affordable minimum project size
    Long-standing industry reputation
    Focus on high-quality software deliverables

    Cons:

    Hourly rates undisclosed
    May lack recent technology adoption
    Geographical distance from clients

    Undisclosed

    50 - 249

    Founded in 1993

    $10,000+

    Poland

    Verified

    Focus

    60% Custom Software

    60%60% Custom Software

    20%20% IT Staff Augmentation

    20%20% Enterprise App Modernization

  • DVelop Software Solutions

    Web & Mobile Software Solutions

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    Pros:

    Low minimum project size
    Strong availability and customer support
    Focus on web and mobile solutions

    Cons:

    Small company with limited resources
    Less experience in fintech specialization
    Lower rate may imply lower quality

    $25 - $49

    50 - 249

    Founded in 2008

    $10,000+

    Montevideo

    Verified

    Focus

    80% Custom Software

    80%80% Custom Software

    10%10% IT Staff Augmentation

    10%10% Enterprise App Modernization

  • Argusoft

    Quality on time

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    Pros:

    Commitment to quality and timely delivery
    Good client relations and satisfaction
    Experience with various industries

    Cons:

    Higher pricing model (for some clients)
    Limited geographical reach
    May not focus heavily on fintech

    $25 - $49

    50 - 249

    Founded in 2001

    $25,000+

    Newark

    Verified

    Focus

    80% Custom Software

    80%80% Custom Software

    10%10% IT Staff Augmentation

    10%10% Enterprise App Modernization

  • Sosene Software

    The only compatible partner - Fast and reliable

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    Pros:

    Very low rates for development services
    Strong focus on client satisfaction
    Small team ensures personalized service

    Cons:

    Limited experience compared to others
    Lower capacity for large projects
    Geographical distance may be a barrier

    < $25 / hr

    10 - 49

    Founded in 2020

    $5,000+

    Ho Chi Minh City

    Verified

    Focus

    80% Custom Software

    80%80% Custom Software

    10%10% IT Staff Augmentation

    10%10% Enterprise App Modernization

  • CRODU

    JavaScript Software House

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    Pros:

    Very low entry project size
    Effective team collaboration
    Focus on JavaScript technologies

    Cons:

    Limited company size and capacity
    Pricing may vary significantly
    Not primarily focused on fintech

    $50 - $99

    10 - 49

    Founded in 2016

    $1,000+

    Kraków

    Verified

    Focus

    50% IT Staff Augmentation

    50%50% IT Staff Augmentation

    40%40% Custom Software

    10%10% Enterprise App Modernization

  • Intellectsoft

    Digital Transformation Consultancy and Engineering

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    Pros:

    High-quality engineering services
    Established reputation in digital transformation
    Wide range of services offered

    Cons:

    Higher minimum project size
    Possible higher cost than budget-conscious clients
    Geographical barrier with U.S. focus

    $25 - $49

    50 - 249

    Founded in 2007

    $50,000+

    Miami

    Verified

    Focus

    60% Custom Software

    60%60% Custom Software

    25%25% Enterprise App Modernization

    15%15% IT Staff Augmentation

  • Softelnet

    We provide IT solutions and services since 2001

    View Portfolio

    Pros:

    Affordable services with quality results
    Well-established company since 2001
    Good responsiveness to client feedback

    Cons:

    Small team may lack resources
    Limited technology focus
    Potentially less industry-specific expertise

    $25 - $49

    10 - 49

    Founded in 2001

    $5,000+

    Kraków

    Verified

    Focus

    60% Custom Software

    60%60% Custom Software

    25%25% Enterprise App Modernization

    15%15% IT Staff Augmentation

  • Gravity Code S.L.

    Building software for world changers

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    Pros:

    Mid-range pricing with quality assurance
    Strong skills in custom software
    Focus on innovative solutions

    Cons:

    Higher minimum project size
    Limited industry knowledge
    Relatively small team may impact availability

    $50 - $99

    10 - 49

    Founded in 2010

    $10,000+

    Madrid

    Verified

    Focus

    30% Custom Software

    30%30% Custom Software

    10%10% Cloud Consulting & SI

    10%10% IT Strategy Consulting

    8%8% Web Design

    7%7% BI & Big Data Consulting & SI

    5%5% UX/UI Design

    5%5% IT Staff Augmentation

    5%5% Artificial Intelligence

    5%5% Product Design

    5%5% Blockchain

    5%5% AR/VR

    5%5% Enterprise App Modernization

Comparisons

Cost of services

  • PayNet Systems charges a higher hourly rate ($150-$199) compared to Menlo Technologies and Smart IT ($25-$49).

  • PayNet Systems requires a minimum project size of $25,000+, aligning it with competitors like Argusoft but higher than Sosene Software ($5,000+).

  • Competitors like DVelop Software Solutions and CRODU offer lower minimum project sizes ($10,000+ and $1,000+, respectively) with competitive hourly rates.

Geography

  • PayNet Systems is based in India, offering potential cost advantages, unlike U.S.-based competitors like Menlo Technologies and Smart IT.

  • Sosene Software in Vietnam may be an alternative for offshore services with lower costs.

  • Astec in Poland provides European-based services, suitable for clients preferring closer geographical engagement.

Technologies

  • PayNet Systems specializes in fintech technology stacks, providing a unique niche services compared to generalist providers like Menlo Technologies and Smart IT.

  • Competitors like Intellectsoft focus more on digital transformation rather than niche fintech, giving PayNet an edge in specific sector expertise.

  • Many competitors (Softelnet, Argusoft) offer similar web and mobile development capabilities but lack the dedicated fintech plugins available at PayNet.

Recommendations

  • Launching on a limited budget

    Consider partnering with Sosene Software for affordable solutions under $25/hr, or DVelop Software Solutions with project sizes starting at $10,000.

  • Collaborating with U.S.-based agencies

    Menlo Technologies or Smart IT are ideal for projects demanding collaboration within the U.S. due to their significant resources and experience.

  • Looking for long-term digital partnership

    Astec or Intellectsoft would be ideal, both known for strong client relationships and high-quality deliverables suited for long-term partnerships.

  • Requiring niche B2B industry expertise

    PayNet Systems should be your choice, specializing in fintech solutions with ready-to-use industry-specific technology stacks.

  • Solving business problems with custom solutions

    Gravity Code S.L. and Argusoft are excellent choices for bespoke software development, delivering quality solutions tailored to your business challenges.

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