Paypal to shut domestic payments service in India from April 1
- The California-based global digital payment platform PayPal has announced that the company has decided to wind down its domestic payment services in India with effect from April 01, 2021.
- The decision has been taken because the company wants to shift its focus on cross-border payments business.
- However, the global customer will be able to pay Indian merchants using Paypal.
- PayPal was a payments options on many Indian online apps such as travel and ticketing service MakeMyTrip, online film booking app BookMyShow, and food delivery app Swiggy.