financetom
Business
financetom
/
Business
/
PayPal says to shut domestic payments business in India
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PayPal says to shut domestic payments business in India
Feb 5, 2021 1:18 AM

PayPal Holdings Inc will wind down its domestic payments business in India from April 1, the company said in a statement on Friday. 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.

”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 company said. ”This means we will no longer offer domestic payment services within India from 1 April.”

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Atlassian Insider Sold Shares Worth $1,156,861, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $1,156,861, According to a Recent SEC Filing
Oct 9, 2025
05:37 PM EDT, 10/09/2025 (MT Newswires) -- Scott Farquhar, 10% Owner, Director, on October 08, 2025, sold 7,665 shares in Atlassian ( TEAM ) for $1,156,861. Following the Form 4 filing with the SEC, Farquhar has control over a total of 444,570 Class A common shares of the company, with 444,570 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000166612125000042/xslF345X05/primarydocument.xml ...
CVS has over 81% of members in high-rated Medicare Advantage plans for 2026
CVS has over 81% of members in high-rated Medicare Advantage plans for 2026
Oct 9, 2025
Oct 9 (Reuters) - CVS Health ( CVS ) said on Thursday that its Aetna insurance business has over 81% of members in Medicare Advantage plans that are rated 4 stars or higher for 2026. ...
Phibro Animal Health, Lighthouse Pharmaceuticals Collaborate on Canine Periodontal Treatment
Phibro Animal Health, Lighthouse Pharmaceuticals Collaborate on Canine Periodontal Treatment
Oct 9, 2025
05:34 PM EDT, 10/09/2025 (MT Newswires) -- Phibro Animal Health ( PAHC ) said late Thursday it has signed a licensing agreement with Lighthouse Pharmaceuticals to develop and commercialize a new therapeutic compound aimed at improving periodontal health in companion animals. Financial details weren't disclosed. The deal grants Phibro exclusive global rights to develop, manufacture, and market Lighthouse's proprietary canine...
Samsara Insider Sold Shares Worth $6,519,639, According to a Recent SEC Filing
Samsara Insider Sold Shares Worth $6,519,639, According to a Recent SEC Filing
Oct 9, 2025
05:32 PM EDT, 10/09/2025 (MT Newswires) -- John Bicket, 10% Owner, Director, Executive Vice President, Chief Technology Officer, on October 07, 2025, sold 170,000 shares in Samsara (IOT) for $6,519,639. Following the Form 4 filing with the SEC, Bicket has control over a total of 473,816 Class A common shares of the company, with 311,816 shares held directly and 162,000...
Copyright 2023-2026 - www.financetom.com All Rights Reserved