PayPal suspends service in India
Online payment processor temporarily halts personal payments to and from India and transfers to local banks, as it works with businesses "to address questions they have about the service."
PayPal, the online payment processor, has put some of its services in India on hold temporarily and is reversing funds requested through PayPal India, according to reports.
Anjul Nayar, a PayPal representative, said Saturday in a blog post that "personal payments to and from India and transfers to local banks in India have been suspended" as the company works with business partners and stakeholders "to address questions they have about the service".
Nayar wrote that customers can still make commercial payments to India, but merchants will not be able to "withdraw funds in rupees to local Indian banks." An Associated Press report noted that the suspension took effect January 28.
Read more of "PayPal suspends service in India" at ZDNet Asia.