Press Trust of IndiaFeb 05, 2021 15:23:35 IST
Digital payment solutions provider Paypal on Friday said it will stop offering domestic payment services within India from 1 April. The US-based company will instead focus on enabling more international sales for Indian businesses. “We will continue to invest in product development that enables Indian businesses to reach nearly 350 million PayPal
PayPal can have the greatest positive impact on India’s economic recovery by pivoting its business to support customers where they need the company most, the spokesperson said.
“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 spokesperson stated.
The spokesperson explained that this would mean PayPal will no longer offer domestic payment services within India from the said date.
Paypal was one of the payment options on platforms like Swiggy and BookMyShow.com.