How do I accept payments from traders in India, Pakistan or Nigeria?
Quick answer
It depends on the country's rules and your product. India and Pakistan have central bank positions restricting residents' payments to offshore forex trading platforms, so many firms restrict or treat those markets with caution. Where allowed, firms use crypto gateways, international cards and local payment methods. Get legal advice for each market.
Detailed answer
General information, not legal, tax or regulatory advice. Rules differ by country and change over time; confirm your position with a qualified professional before acting on it.
Market-specific points:
- India: the RBI warns residents against unauthorised forex platforms, and FEMA governs residents' forex dealings. Card and UPI payments for forex-linked products face legal risk.
- Pakistan: the State Bank has prohibited residents from buying offshore forex trading products and instructed banks to block such payments.
- Nigeria: card limits on international payments and foreign exchange controls make crypto and local payment methods common; check current central bank rules.
For each market, decide whether to serve it at all, then which methods are legal and reliable. This is general information, not legal advice.
Decide per market
For each country, write down whether you serve it, which payment methods you allow, and the legal basis for that decision. Review the list whenever the local rules change.
Be consistent
Whatever you decide, apply it in checkout, KYC and payouts, so traders from a market you exclude are not accepted at one step and refused at another.
PropExecutor team · Updated
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