3 ms·
Slightly OT, but what's the simplest way to offer more payment options online in India? Is there a way to set up UPI as a foreign company? For context: we're a
by gingerlime 6y ago
Slightly OT, but what's the simplest way to offer more payment options online in India? Is there a way to set up UPI as a foreign company?
For context: we're a small B2C bootstrapped company offering online anatomy learning. We use Stripe and Paypal (via Fastspring), but it seems like it's far from enough for the local market in India...
- pkphilip 6y agoThe best option is to tie up with a payment gateway like Razorpay, Instamojo etc. They allow a variety of payment methods including UPI and also what is called "Net Banking" - which is direct transfers from a bank account even without UPI being used. They also support a variety of wallets. Instamojo actually advertises that they support over 100 payment methods. Some of these payment gateways also allows you a "Pay Later" option which allows the user to pay via a micro loan that they take from the gateway. This is apart from the credit card, debit card options. Razorpay: https://razorpay.com/payment-gateway/ https://razorpay.com/payment-gateway/ Instamojo: https://www.instamojo.com/ https://www.instamojo.com/
- captn3m0 6y agoRazorpay only supports merchants registered in India. Disclaimer: I work at Razorpay.
- pkphilip 6y agoTrue. They will need some sort of an Indian subsidiary or go through an Indian registered company to allow Razorpay or Instamojo payments
- gingerlime 6y agoThank you. I’m not sure that’s an option for us unfortunately. Unless you know of some stripe atlas equivalent service for setting up a company in India?
- pkphilip 6y agoUnfortunately I am not sure if there are other ways of doing this. You may want to check with one of the primary backend services of the payment gateways - fsstech.com