Times have changed greatly in India, after global major PayPal, Stripe has officially entered the digital payments market of India with a beta version being launched and tested with a small group of companies. Anand Balaji, the India lead of Stripe said that the company is kicking off the beta version for small businesses in India enabling them to accept digital payments. Stripe enables small merchants to sell their products online and accept card payments. They allow transactions in more than 135 currencies, accepts all major card schemes like Visa, Mastercard, Discover and American Express. Further they allow payments in Bitcoins, Alipay and WeChat, according to the descriptions on their website. Justifying the company’s move into India which already has a crowded digital payments ecosystem, Balaji said that with 500 million users connected to the internet and having seen the initiation of twice the number of businesses compared to the US, India is uniquely poised to take business online. Justifying the company’s move into India which already has a crowded digital payments ecosystem, Balaji said that with 500 million users connected to the internet and having seen the initiation of twice the number of businesses compared to the US, India is uniquely poised to take business online. By launching a local platform, Stripe will allow Indian merchants to accept payments in Indian currency, connect to their local bank accounts and build products specifically for Indian merchants.
Try again. maybe this time Stripe will not disappoint you anymore.
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