PayPal launches domestic operations in India
PayPal has launched operations in India at a time when more Indian consumers are using mobile wallets as the government continues to push a cashless society.
At launch, Indian consumers can use PayPal to shop online at some of India's most popular businesses. Merchants offering PayPal will be able to process both local and global payments through PayPal, getting access to PayPal's more than 218 million customers around the world and in India through a single integration, according to a press release.
PayPal had already been offering cross-border payments in India for close to a decade. This announcement brings PayPal features to India such as One Touch mobile and online checkout, buyer and seller protection and refunded return shipping, just to name a few.
"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," Rohan Mahadevan, a PayPal executive that helps oversee the region, said in the release.