PayPal To Pull Out Of Local Payment Services In India On Apr

PayPal To Pull Out Of Local Payment Services In India On April 1


TechShout
Global digital payment platform PayPal on Friday decided to wind down its domestic payment services in India from April 1.
From April 1, the company will focus all its attention on enabling more international sales for Indian businesses, and shift focus away from its domestic products in India.
“This means we will no longer offer domestic payment services within India from April 1,” a PayPal spokesperson told IANS.
The company has three centers in Bengaluru, Chennai and Hyderabad which are touted as the largest outside the US.
The company also has its business development teams in India.
PayPal said that it will continue to invest in product development that “enables Indian businesses to reach nearly 350 million PayPal consumers worldwide, increase their sales internationally, and help the Indian economy return to growth”.

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