Paypal to shut domestic payments service in India from April 1

Paypal to shut domestic payments service in India from April 1

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.

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