Ah! From comments on our today’s coverage on how RBI has restricted incoming payments to India, it seems that it has really become difficult for small businessmen and entrepreneurs to do business from India. At this moment, remaining competitively available to our customers outside is important for us, and to support this I have compiled a small list of options for online payment transactions.
Please share if you have more names of online payment services in/for India and we will mention it here. Also please let us know your views on quality of these payment services if you’ve used them before!
It is understood that RBI’s restrictions will apply on every other payment gateway service over the planet (pretty much the same way it does to Paypal), and the only approach for Indian SMEs/businessmen would be to convince RBI’s understanding on the subject. Fingers crossed, till office re-opens next week.
Here it goes the list:
The list & short reviews will be continuously updated; please send in your responses through comments below.
– Pi Team
- Cash is King. Long live the King.
- Review of Payment Gateways in India
- The Status Quo of Payments in India
- 35% of Transactions Were Electronic in 2009-10 [RBI’s Annual Report]