Domestic payment business of PayPal to stop in India

In a company statement from PayPal this Friday it was declared that PayPal Holdings Inc will stop all domestic payment business in India. Global customers however can still pay Indian sellers using the service as the company is eyeing to improve the cross-border payment facilities, the company added.

“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.” 

Officials, PayPal

Indians, now cannot use PayPal to pay for online services providers like Swiggy, BookMyShow, MakeMyTrip, etc.