Gulf crisis clouds cross-border payments startups' business outlook
Cross-border payments startups catering to merchandise exports are bracing for a hit to business as shipments to the Gulf countries and many European destinations face delays and cancellations due to the crisis in West Asia, senior industry executives said.
About 10% of India’s ecommerce exports – estimated at around $150 billion annually – are routed through the UAE. Disruptions in key shipping routes, including the Strait of Hormuz, have impacted shipments transiting through the Gulf region.
About 10% of India’s ecommerce exports – estimated at around $150 billion annually – are routed through the UAE. Disruptions in key shipping routes, including the Strait of Hormuz, have impacted shipments transiting through the Gulf region.
Next Story