Paypal To Shut Down Domestic Payments in India by April : vi

Paypal To Shut Down Domestic Payments in India by April


HEADLINES & GLOBAL NEWS
By  
Feb 06, 2021 12:01 AM EST
Four years after it kickstarted its money transfer and exchange operations in the second largest internet market globally, India will no longer have access to the American giant's domestic business due to the PayPal shutdown in the country.
According to the company spokesperson, the PayPal shutdown will take effect locally in India starting April 1, 2021. They will focus their attention on enabling more international sales for Indian businesses and shifting their focus away from India's domestic products.
It means that PayPal will no longer offer domestic payment services within India, the spokesperson added.
According to the American giant's statement, their priorities had shifted in India, but it did not explain why the business's winding down, Payments Journal reported.

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