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Re:Stripe now supports ACH payments by puranjay on Tuesday January 12, 2016 @10:52PM (#10892224)
In India, there's a protocol called 'IMPS' that allows instant transfers. The cost per transaction is a measly Rs. 5 (around $0.08).
Re:Stripe now supports ACH payments by captn3m0 on Wednesday January 13, 2016 @03:14AM (#10892961)
Other issues in India prevent IMPS from reaching scale:

- No bank account verification APIs - Recurring payment support