PayPal Holdings Inc will wind down its domestic payments business in India from April 1, the company said in a statement on Friday.
San Jose, California-based PayPal will instead focus on its cross-border payments business, which means global customers will still be able to pay Indian merchants using the service, a Reuters report stated.
“From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India,” the company said in a statement.
“This means we will no longer offer domestic payment services within India from 1 April.”
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.
Govt notifies expanded list of sports events of national importance
Vaishnaw urges Prasar Bharati to keep pace with tech changes
UP CM Yogi Adityanath launches Project GANGA
Prasar Bharati submits EY’s D2M roadmap to MIB for policy review
‘Dhurandhar The Revenge’ draws 50mn viewers on JioHotstar
Kriti Kharbanda shows new side in ‘Rana Naidu 2’
Kabir Khan returns to documentaries with ‘The Wolf’
‘House of Guinness’ returning for season 2 on Netflix
‘Ikka’ set for Netflix release
On ‘India’s Best Dancer’ S5, Madhuri remembers JB Nagar 


