PayPal Holdings Inc will wind down its domestic payments business in India from April 1, the company said in a statement on Friday 05 February 2021.
San Jose, California-based PayPal will instead focus on its cross-border payments business, which means global customers will still be able to pay Indian merchants using the service.
PayPal was a payments options on many Indian online apps such as travel and ticketing service MakeMy Trip, online film booking app BookMyShow and food delivery app Swiggy.
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