Indian Startups travails with Ruthless Indian payment gateway providers
nainomics.blogspot.com
nainomics.blogspot.com
The main problem is, you have to deal with senseless RBI rules, stupid (corrupt?) officials and a LOT of paper work.
If someone comes up with a "Stripe" like service in India, trust me, he's going to be a millionaire.
There's one startup that's working it zaakpay.com