{"id":21987,"date":"2025-04-11T15:16:39","date_gmt":"2025-04-11T09:46:39","guid":{"rendered":"https:\/\/blog.razorpay.in\/blog\/?p=21987"},"modified":"2025-11-11T15:36:09","modified_gmt":"2025-11-11T10:06:09","slug":"what-is-razorpays-import-stack-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/what-is-razorpays-import-stack-everything-you-need-to-know\/","title":{"rendered":"What is Razorpay\u2019s Import Stack? Everything You Need to Know"},"content":{"rendered":"

Expanding into India is an incredible opportunity for international businesses. With <\/span>over 1.4 billion people and a booming digital economy<\/b>, India is a massive market. But here\u2019s the challenge: <\/span>accepting payments from Indian customers isn\u2019t straightforward<\/b>.<\/span><\/a><\/p>\n

India\u2019s payment ecosystem is unique. <\/span>UPI dominates with 80% of digital transactions<\/b>, RuPay cards are on the rise, and Indian banking regulations can make cross-border payments complex. This is where <\/span>Razorpay\u2019s Import Stack<\/b> comes in.<\/span><\/p>\n

With <\/span>Razorpay Import Stack, international businesses can accept payments from Indian customers in INR and settle them in their preferred currency\u2014without setting up a local entity<\/b>. In this blog, we\u2019ll break down how it works and why it\u2019s the easiest way to <\/span>unlock India\u2019s market<\/b>.<\/span><\/p>\n

Ready to Unlock India?<\/a><\/p>\n

1. The Challenge: Why Accepting Payments from India is Hard for Global Businesses<\/b><\/h2>\n

A. UPI is India\u2019s Default Payment Method\u2014But Most International Businesses Can\u2019t Accept It<\/b><\/h3>\n

UPI processed <\/span>\u20b918.41 trillion ($220B) across 12.2 billion transactions in January 2024<\/b>. It\u2019s the <\/span>go-to way Indians pay for everything<\/b>\u2014from groceries to high-value purchases.<\/span><\/p>\n

However, <\/span>most global businesses can\u2019t accept UPI payments<\/b> because traditional international payment gateways <\/span>don\u2019t support it<\/b>.<\/span><\/p>\n

Without UPI, businesses face:<\/span>
\n<\/span>\u274c <\/span>Higher cart abandonment rates<\/b>
\n<\/b>\u274c <\/span>Lost revenue due to lack of payment options<\/b>
\n<\/b>\u274c <\/span>A trust gap with Indian consumers<\/b><\/p>\n

B. RuPay Credit on UPI is Expanding\u2014But International Merchants Miss Out<\/b><\/h3>\n

RuPay, India\u2019s domestic card network, is now a major force. <\/span>750M+ RuPay cards are in circulation<\/b>, and the introduction of <\/span>RuPay credit on UPI<\/b> is making them even more relevant.<\/span><\/p>\n

If your business only supports Visa\/Mastercard, <\/span>you\u2019re excluding a huge segment of Indian buyers<\/b> who use RuPay.<\/span><\/p>\n

C. Accepting INR Payments is a Compliance Nightmare<\/b><\/h3>\n

Indian regulations require:<\/span>
\n<\/span>\u2714 <\/span>Specific payment processing rules for international businesses<\/b>
\n<\/b>\u2714 <\/span>Complex foreign exchange (FX) settlement procedures<\/b>
\n<\/b>\u2714 <\/span>Strict compliance documentation (IEC, FIRC, shipping bill regularization, etc.)<\/b><\/p>\n

Setting up a <\/span>local Indian entity<\/b> to handle INR payments can take <\/span>months<\/b>, with <\/span>high operational costs and regulatory burdens<\/b>.<\/span><\/p>\n

2. The Solution: What is Razorpay\u2019s Import Stack?<\/b><\/h2>\n

Razorpay\u2019s Import Stack is a <\/span>fully compliant, seamless payment solution<\/b> that allows international businesses to:<\/span><\/p>\n

\u2705 <\/span>Accept INR payments from Indian customers<\/b> via UPI, RuPay, and cards<\/span>
\n<\/span>\u2705 <\/span>Settle payments in an international bank account<\/b> in USD, EUR, GBP, or any preferred currency<\/span>
\n<\/span>\u2705 <\/span>Bypass the need for a local entity<\/b>, saving months of setup time<\/span>
\n<\/span>\u2705 <\/span>Ensure high success rates<\/b> with an <\/span>in-house UPI switch<\/b> and native OTP authentication for cards<\/span><\/p>\n

3. How Razorpay\u2019s Import Stack Works<\/b><\/h2>\n

A. Accept India\u2019s Favorite Payment Methods<\/b><\/h3>\n

\u2714 <\/span>UPI<\/b> \u2013 India\u2019s #1 digital payment method with 500M+ users<\/span>
\n<\/span>\u2714 <\/span>RuPay Cards<\/b> \u2013 India\u2019s domestic debit & credit card network<\/span>
\n<\/span>\u2714 <\/span>Visa & Mastercard<\/b> \u2013 Support for international cardholders<\/span>
\n<\/span>\u2714 <\/span>UPI Autopay<\/b> \u2013 Enable <\/span>subscription-based payments<\/b> effortlessly<\/span><\/p>\n

B. INR to International Settlements \u2013 No Local Entity Needed<\/b><\/h3>\n

\ud83d\udd39 Indian customers pay in INR<\/span>
\n<\/span>\ud83d\udd39 Razorpay <\/span>automatically converts INR to your preferred currency<\/b>
\n<\/b>\ud83d\udd39 The amount is settled directly in your <\/span>international bank account<\/b><\/p>\n

This means:<\/span>
\n<\/span>\u2714 <\/span>No need to set up an Indian company<\/b>
\n<\/b>\u2714 <\/span>Faster access to funds<\/b>
\n<\/b>\u2714 <\/span>Compliant with Indian regulations<\/b><\/p>\n

C. Highest Success Rates on UPI and Cards<\/b><\/h3>\n

\u2714 <\/span>India\u2019s best UPI stack<\/b> with our <\/span>in-house UPI switch<\/b> for the highest success rates<\/span>
\n<\/span>\u2714 <\/span>Native OTP authentication for cards<\/b>, reducing transaction failures<\/span>
\n<\/span>\u2714 <\/span>Smart routing technology<\/b> to optimize payment success<\/span><\/p>\n

4. Why Choose Razorpay\u2019s Import Stack?<\/b><\/h2>\n\n\n\n\n\n\n\n\n\n\n
Feature<\/b><\/td>\nRazorpay Import Stack<\/b><\/td>\nTraditional Payment Gateways<\/b><\/td>\n<\/tr>\n
Accept UPI Payments<\/b><\/td>\n\u2705 Yes<\/span><\/td>\n\u274c No<\/span><\/td>\n<\/tr>\n
Accept RuPay Cards<\/b><\/td>\n\u2705 Yes<\/span><\/td>\n\u274c No<\/span><\/td>\n<\/tr>\n
Enable INR Payments<\/b><\/td>\n\u2705 Yes<\/span><\/td>\n\u274c No (Only USD\/EUR, etc.)<\/span><\/td>\n<\/tr>\n
Settle in Foreign Currency<\/b><\/td>\n\u2705 Yes<\/span><\/td>\n\u2705 Yes<\/span><\/td>\n<\/tr>\n
Highest UPI Success Rates<\/b><\/td>\n\u2705 Yes (In-house switch)<\/span><\/td>\n\u274c No<\/span><\/td>\n<\/tr>\n
Subscription Payments<\/b><\/td>\n\u2705 Yes (UPI Autopay)<\/span><\/td>\n\u274c No<\/span><\/td>\n<\/tr>\n
Local Entity Required?<\/b><\/td>\n\u274c No<\/span><\/td>\n\u2705 Yes (For INR Payments)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

5. Who Should Use Razorpay\u2019s Import Stack?<\/b><\/h2>\n

\ud83d\udd39 <\/span>E-commerce brands<\/b> selling to Indian customers<\/span>
\n<\/span>\ud83d\udd39 <\/span>SaaS companies<\/b> looking to enable subscriptions in India<\/span>
\n<\/span>\ud83d\udd39 <\/span>Global marketplaces<\/b> expanding into the Indian market<\/span>
\n<\/span>\ud83d\udd39 <\/span>D2C brands<\/b> shipping products to India<\/span><\/p>\n

If you want to <\/span>seamlessly accept payments from Indian customers<\/b>, Razorpay\u2019s Import Stack is <\/span>the easiest, fastest, and most compliant way to do it<\/b>.<\/span><\/p>\n

Conclusion: Unlock India\u2019s Market with Razorpay<\/b><\/h2>\n

India is a <\/span>UPI-first digital economy<\/b>. If you\u2019re an international business looking to sell here, you need to <\/span>speak the payments language of Indian customers<\/b>\u2014UPI, RuPay, and INR payments.<\/span><\/p>\n

With <\/span>Razorpay\u2019s Import Stack<\/b>, you can:<\/span>
\n<\/span>\u2705 Accept <\/span>UPI, RuPay, and INR payments<\/b>
\n<\/b>\u2705 Settle funds in <\/span>your international bank account<\/b>
\n<\/b>\u2705 <\/span>Avoid setting up a local entity<\/b>
\n<\/b>\u2705 <\/span>Maximize success rates<\/b> with India\u2019s best UPI and OTP-authenticated card payments<\/span><\/p>\n

Ready to Unlock India?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Expanding into India is an incredible opportunity for international businesses. With over 1.4 billion people and a booming digital economy, India is a massive market. But here\u2019s the challenge: accepting payments from Indian customers isn\u2019t straightforward. India\u2019s payment ecosystem is unique. UPI dominates with 80% of digital transactions, RuPay cards are on the rise, and<\/p>\n","protected":false},"author":86,"featured_media":21989,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[369,1],"tags":[967,970,969],"class_list":{"0":"post-21987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-international-payments","8":"category-uncategorized","9":"tag-accept-payments-from-india","10":"tag-import-flow","11":"tag-razorpay-import-stack"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/21987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=21987"}],"version-history":[{"count":4,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/21987\/revisions"}],"predecessor-version":[{"id":24753,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/21987\/revisions\/24753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/21989"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=21987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=21987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=21987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}