I don't think Stripe have any technical problems launching in India, it's pretty much all about navigating the regulatory hurdles.
They'd quickly get bashed into submission by the Reserve Bank of India guidelines, which is what happened to Paypal. The RBI will force all payment processors to be regulated as banks, or conduct business entirely through banks.
no, what happened to paypal was post 26/11 revelation that the splinter cells had used paypal to transfer money.
RBI is just another central bank.
Stripe is way different than Paypal. And yes, paypal is still running, the loss of business is due to the fact that they still haven't worked out the tax technicalities, and their UI has become complex.
EDIT: Just want to add, that right now is the right time to invest in India, because of the market conditions in general, organised retail is picking up, credit/debit card usage is increasing again, mobile payments has been introduced, taxation policy would become unified starting April 1 under GST& other singular taxes, and the economic potential of India.
India is 3rd on Purchasing Power Parity, yet it is only the barely top 10 in terms of GDP, and it all points to a under-saturated market. Really! Entering India, can make stripe into a multi-billion dollar company, if done right
They'd quickly get bashed into submission by the Reserve Bank of India guidelines, which is what happened to Paypal. The RBI will force all payment processors to be regulated as banks, or conduct business entirely through banks.