Paypal, the San Jose, California-based company, To Shut Domestic Payments Business In India


2021-02-08 09:40:40

Paypal To Shut Domestic Payments Business In India

PayPal has been a payments option on Indian online apps such as MakeMy Trip, BookMyShow and Swiggy

PayPal Holdings Inc will wind down its domestic payments business in India from April 1, the company said in a statement on Friday. “From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India,” the San Jose, California-based company said and added “This means we will no longer offer domestic payment services within India from 1 April.”

PayPal will focus on its cross-border payments business from April, which means that global customers will be able to pay Indian merchants using the service.

Newsbeep

PayPal has been a payments option on many Indian online apps such as MakeMy Trip, BookMyShow and Swiggy.



Source link

Leave a Reply