Fintech platform Paypal to shut down domestic payment services in India
Will concentrate fully on the international business from April 1
Paypal will continue to invest in product development in Indian businesses
In 2020, the firm processed $1.4 Bn worth international sales for over 3.6 Lakh Indian merchants
Indian startups like BookMyShow, MakeMyTrip and Swiggy have been Paypal subscribers
In December last year, Razorpay partnered with Paypal to facilitate international payments for SMBs
