[_chompsky]

Pardon me if I’m incorrect, but isn’t this like one of the best use cases of Stripe? Stripe usually takes care of CC/ACH information and tokenizes it, only passing the tokens to the merchant instead of the merchant having to store the CC information. Maybe this would be a good way to start a payments company boom in India?

[option_greek]

There are already several (razorpay, paytm, payu) that do exactly that. They do charge 2% flat fee which is still high by Indian standards (comparing to cash and upi). So merchants do try custom solutions with bank gateways to reduce the fee.