Bengaluru, Oct. 21 -- Irish-American financial services firm Stripe Inc. has indefinitely postponed its planned mid-2025 relaunch in India due to stricter licensing and compliance requirements, according to three people aware of the development.

The payments firm, which received in-principle approval for a payment aggregator licence in 2022 and final authorisation to facilitate domestic transactions in January 2024, switched to an invite-only model requiring Indian merchants to join a waitlist later that year, after the Reserve Bank of India (RBI) proposed stricter know-your-customer (KYC) norms.

In a May 2024 post on its website, the company said it would support only a select set of Indian businesses focused on international expansion...