Stripe is a popular Silicon Valley-based payment platform. The private beta version of Stripe has been launched in Indian market on Tuesday. The startup revealed that this would be an invite-only beta that Stripe will test with a small group of companies in India.
Stripe says that this private beta is intended for testing purpose the payment platform in India and also to gain feedback in order to better support local requirements of Indian businesses that are looking to accept online payments and use Stripe as a tool for their business.
Anand Balaji - India Lead, Stripe, said, "We believe that by operating locally in India-with the ability for Indian companies to connect their local bank accounts to Stripe and get paid out in rupees-we can help support even more businesses and more types of business models (such as local marketplaces) in the years to come."
Stripe has became much popular among software developers and online merchants becuase ot its ease of use. It has also grown its reputation as one of the most well-funded financial technology companies in the world, having raised nearly half a billion dollars since it was formed in 2010.
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