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Paypal Halts Personal Transactions In India

Paypal has suspended all payments to India.

By LIFS March 7, 2010 at 12:27 AM
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PayPal has halted personal transactions in and out of India after regulators questioned whether the transactions constituted remittances.

Anuj Nayar, director of Global Communications at PayPal, said, “personal payments to and from India have been suspended while we address some questions from our business partners.” The company expects the payments to be suspended for several months until it secures appropriate licenses.


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Odds & Ends | Magazine | March 2010

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