San Francisco-Based Paymentwall Comes To India To Solve The Cross Border Payments Problem
Summary
On promoting innovation, the RBI is one of the best regulators in the world, says Paymentwall CEO Estimated to touch $500 Bn, India’s digital payments sector is set to contribute 15% of the GDP by 2020. What’s the next step for this from what we know is the trend is for the companies to no longer want to be limited by the local market.” Gunday added that at the moment, businesses that want to go global have no solution for easy cross-border payments in India. Among its 250K global merchants are the likes of LG Electronics, Samsung, Tencent, Kakao Games, Wargaming, and many SAAS, Travel, and eCommerce companies. So, we’ve been hiring and training them.” “We want to bring a breath of fresh air into the Indian payments industry and eliminate all set-up and extra fees – as Paymentwall only charges on a transactional basis which we feel is fair,” he added. But, once found out that Visa and Mastercard can block the whole entire country’s processing in one day, they built the Mir payments system similar to India’s Rupay.
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