PayPal to shut down domestic payments in India

Friday 5 February 2021 13:33 CET | News

PayPal has decided to wind down its domestic payments business in India from April 2021, according to Reuters.

US-based PayPal will focus on its cross-border payments business, which means global customers will still be able to pay India-based merchants using the service. PayPal will look towards enabling more international sales for India-based businesses and will no longer offer domestic payment services within India from 1 April 2021.

PayPal was a payments options on many Indian online apps such as travel and ticketing service MakeMy Trip, online film booking app BookMyShow, and food delivery app Swiggy.

More: Link

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Keywords: PayPal, India, domestic payments, B2B payments, cross-border payments, payments , MakeMy Trip, BookMyShow, Swiggy
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce