International Payments and Regulatory Complexities Remain Major Hurdles
Nearly 80 percent of women-led businesses in India encounter substantial challenges with international payments, according to a recent report. Additionally, approximately 60 percent of these businesses struggle with navigating complex regulatory compliances, significantly hindering their global expansion.
Despite their rising economic contributions, businesses led by women represent only 15.4 percent of India's 58.5 million enterprises, as revealed in a report titled Growing Ambitions of Women Entrepreneurs in Cross-Border Trade. The report was jointly prepared by Aspire For Her and global payment solutions provider Payoneer.
Top Challenges Faced by Women-Led Enterprises
Based on a survey of more than 300 women entrepreneurs, the report identified four critical challenges affecting global expansion:
- Difficulties with international payments: Approximately 80 percent of women entrepreneurs find managing cross-border transactions cumbersome and inefficient.
- Regulatory compliances: Around 60 percent of women-led businesses report difficulties in understanding export laws, trade regulations, and other intricate compliance requirements, limiting their potential for international growth.
- Limited access to financial resources: A substantial number of women-led enterprises struggle with funding shortages, delayed payments, and challenges in obtaining business loans and trade credit, further restricting their ability to scale internationally.
- Supply chain and logistics issues: High shipping costs, delays at customs, and unreliable logistics partners also pose significant obstacles, creating uncertainty and additional financial strain for entrepreneurs.
Calls for a Supportive Ecosystem to Boost Women Entrepreneurs
Highlighting the urgent need for solutions, Madhura Dasgupta Sinha, Founder and CEO of Aspire For Her, emphasized the importance of addressing these challenges head-on:In response, Payoneer India’s Vice President, Gaurav Shisodia, revealed initiatives under their SheExports programme aimed specifically at empowering women entrepreneurs. The company plans to provide expert guidance, locally hosted workshops, and practical tools to help women-led businesses confidently navigate international markets.
Addressing these barriers could significantly enhance the role of women entrepreneurs in India's economic growth and global trade footprint.
