Indian exporters look abroad to manage payment risks

He said there are three broad reasons: some sectors, including crypto platforms, social media apps, dating apps and video-calling businesses, are creating alternative operating structures as a hedge against regulatory uncertainty; consumer internet firms expanding into South-East Asia need local entities to access local payment methods; and many software and software-as-a-service (SaaS) startups want access to global payment firms such as Stripe, which is not operational in India.