It remains very challenging for Indian developers to process international payments. Strict regulations and high fees from major providers impede global transactions and affect small businesses.
Based on personal experience and observations, the current lack of focus on international payment gateways seems to stem from a mixture of restrictive regulatory environments and a cautious approach from financial institutions. Developers and small businesses face steep operational hurdles including high fees and complicated compliance measures, which in turn discourage innovation in cross-border payment solutions. Additionally, the risk management strategies of traditional banks often do not align with the needs of global transactions, further limiting investment and attention in this evolving sector.