PayPal to shut shop in India from April 1, focus on global customers

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.