US Digital Payment Company PayPal is shutting down domestic payments business in India

PayPal is ready to roll out its business in the Indian domestic market this year

PayPal is ready to roll out its business in the Indian domestic market this year. A company spokesperson said so on condition of anonymity. Instead, their goal is to increase their share of the remittance market.

In this case, they are going to put more emphasis on existing cross-border trade agreements with traders and industrial companies. PayPal, US digital payment company PayPal in the Indian domestic market, is one of the payment gateways and aggregator services for online merchants and brands.

But why plan to wrap up business from a potential market like India? A spokesman for PayPal, who spoke on condition of anonymity, said The government has taken a number of steps to bring the situation under control since the beginning of the Corona epidemic. In this situation, we start to think about how we can keep our business safe. Emphasis is also placed on more efficient application of resources to further sustain business growth. India is very important to PayPal in terms of the market. So, in the situation that has arisen, we have decided to focus on cross-border trade and all the Indian industries that aim to export worldwide.