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Stripe pauses India relaunch amid stricter licensing norms
Mint Chennai
|October 22, 2025
Irish-American financial services firm Stripe Inc. has indefinitely postponed its planned mid-2025 relaunch in India due to stricter licensing and compliance requirements, according to three people aware of the development.
Stripe gave up its cross-border payment licence.
(ISTOCKPHOTO)
The payments firm, which received in-principle approval for a payment aggregator licence in 2022 and final authorisation to facilitate domestic transactions in January 2024, switched to an invite-only model requiring Indian merchants to join a waitlist later that year, after the Reserve Bank of India (RBI) proposed stricter know-your-customer (KYC) norms.
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