Stripe a US based company operating in over 25 countries that allows both private individuals and businesses to accept payments over the internet, announced that it’s launching its payment gateway and processing service in India.
Stripe focuses on providing the technical, Fraud prevention and banking infrastructure required to operate online payment systems.
Anand Balaji, the India lead for the company said in the blog :
“Today, we are starting an invite-only beta for Stripe in India with a small group of companies. These businesses will help us test our platform in the Indian market and provide feedback on features that we’ll need to build to support all Indian businesses looking to accept online payments and run their companies on Stripe.”
Sign up to be notified on this page – and connect its platform with local bank accounts, so users can receive payouts in Indian Rupees. The company also noted that it’s looking to build new products specifically for this market, and is hiring engineers to get started.
Computation for Indian Payment Gateway :
Last month PayPal announced the launch of domestic payments in India. merchants accepting payments via PayPal are able to process both local and global payments.