n a strategic move influenced by regulatory complexities, payments giant Stripe has announced a temporary shift to an invite-only model for new clients in India. This decision, described as “tough” by the company, will see businesses needing to request an invite to access Stripe’s services.
The company highlights the evolving regulatory landscape in India as the primary reason for this shift, indicating that it currently cannot ensure a quick launch and seamless onboarding for Indian firms. While specific regulations were not named, the challenges underscore the intricate compliance environment faced by fintech companies in the region.
Despite this temporary setback, Stripe remains optimistic and committed to the Indian market. “We remain strongly committed to India and are working to build out the infrastructure to be able to support more users by the second half of 2025,” stated a company spokesperson.
The move comes as Stripe aims to bolster its infrastructure to navigate these regulatory hurdles effectively. This development is expected to enhance its ability to support a broader user base by mid-2025, reinforcing its long-term strategy and commitment to one of the world’s fastest-growing fintech markets.
