What's the credit/debit card penetration like in India? I recall most transactions happening in cash when i visited a few years ago. Which also led to amazon and flipkart offering cash on delivery payment methods.
Did something change in relation to that? coz if not then stripe is gonna have a hard time finding customers
Others have pointed it out that it may but its also for Indian startups being able to easily accept payments internationally without setting up a US company.
When I started accepting online payments for simplyguest.com the percentage was less than 50%. Customers preferred to pay cash, but cash is difficult to manage, so I started pushing towards online payments. My cash collection this month was less than 2%. I am trying to avoid this as well.
As businesses realize cash is not easy to scale, and if they are ambitious enough, they will push their customers towards credit/debit cards and other scalable channels.
Did something change in relation to that? coz if not then stripe is gonna have a hard time finding customers