The California-based company is widely known for making markets accessible to online sellers and helping them reach customers all over the world. Renowned global digital payment platform PayPal announced on Friday (February 5) that it is going to wrap up the domestic payment services in India by the end of this fiscal year. The company would still allow cross-border payments and allow international customers to pay merchants in India. The company said that it is going to shift its focus towards "enabling more international sales for Indian businesses." Here's all you need to know about PayPal and its decision to wrap up domestic transactions:

Source: dna February 05, 2021 09:11 UTC