Digital payments leader and Global technology platform PayPal launches its domestic operations in India.
It was believed that now customers can use PayPal to check out at small merchants.
The merchants using PayPal can now be able to process local and global payment.
The company said in its statement, “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 single-integration”.
The announcement was made on Wednesday.
This move came in the country for close to a decade. Recently, the Indian government also moved to digital payment after demonetizing old currency notes.
Rohan Mahadevan, CEO PayPal Private Limited & SVP, General Manager said in a statement,“Today, is a landmark day for us at PayPal as we launch our domestic service in a market which has all the ingredients to become a true digital economy. Over two decades we have focused on products, services and strategic partnerships with a singular focus on becoming a champion for our customers, helping millions of people around the world participate in the digital economy. 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”.