12-Mar-18, The Hindu Business Line
Global payment gateway PayPal just completed a decade of its operations in India and has witnessed the evolution of the payment ecosystem from cash and cards to digital. The company, which started with cross-border payments in India, launched a domestic payments service in Nov-17 and is now looking to position itself as a one-stop destination of for all payment systems.
%20Paul%20Noronha.jpg "Domestic business is now inviting says PayPal Indias Pahuja (c) Paul Noronha")
Image: Paul Noronha / The Hindu Business Line
Anupam Pahuja, India Head of PayPal, said "one-third of all B2C exports go through PayPal... Freelancers in India currently work with clients across the world to provide services ranging from dance tuition on Skype to developing software and content. The payments for these services are processed through PayPal."
"[In November 2017] we launched our domestic operations. At the onset, we have partnered with the likes of BookMyshow, MakeMytrip, FirstCry, PVR, Yatra, and Ferns N Petals."