PayPal is shutting down its domestic business in India, less than four years after the American giant kickstarted local operations in the world’s second-largest internet market.
“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. This means we will no longer offer domestic payment services within India from 1 April,” said a company spokesperson.
The story was updated with additional details provided by PayPal.
Source : https://techcrunch.com/2021/02/04/paypal-is-shutting-down-domestic-payments-business-in-india/
“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. This means we will no longer offer domestic payment services within India from 1 April,” said a company spokesperson.
The story was updated with additional details provided by PayPal.
Source : https://techcrunch.com/2021/02/04/paypal-is-shutting-down-domestic-payments-business-in-india/
Last edited: