PayPal launches its Operation in India for indian’s Merchants and Consumer. In past indian consumers can’t use PayPal to make purchase and Merchants can’t collects funds from India Customers.
PayPal Holdings, Inc, said: “At launch, Indian consumers can use PayPal to shop online at some of India’s most popular businesses.
“Merchants offering PayPal will be able to process both local and global payments through PayPal, getting access to PayPal’s 218 million customers around the world and in India through a single integration. PayPal has been offering cross-border payments in India for close to a decade enabling SMEs and freelancers to leverage the global opportunity,” the company said.
“India’s digital payments journey is on a high growth trajectory and we are proud to be a part of it. We are excited about our prospects in a market that is highly inspirational and aspirational,” Rohan Mahadevan, CEO PayPal Private Limited and SVP, General Manager, APAC was quoted as saying in the statement.