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Tag: PayPal India

Paypal to shut down its India Operations
INDIA

Paypal to shut down its India Operations

New Delhi, Feb 5, 2021: Digital payment solution provider Paypal will stop offering domestic payment services within India from April 1. The US-based company will instead focus on enabling more international sales for Indian businesses. 'We will continue to invest in product development that enables Indian businesses to reach nearly 350 million PayPal consumers worldwide, increase their sales internationally, and help the Indian economy return to growth, a PayPal spokesperson said. The company noted that it had processed USD 1.4 billion worth of international sales for over 3.6 lakh merchants in India last year. PayPal can have the greatest positive impact in India's economic recovery by pivoting its business to support customers where they need the company most, the spokesper...
PayPal opens Third Tech Centre in India
INDIA

PayPal opens Third Tech Centre in India

Hyderabad, 24 July 2019: Digital payments platform PayPal opened its third global technology centre in Hyderabad. The two other centres are in Chennai and Bengaluru. "The Hyderabad facility would house around 100 engineers across roles, including risk management and operations, to provide cutting-edge digital payments solutions to customers around the world," said Guru Bhat, Vice-President and Head of Engineering, PayPal India, said to Pixr8 News. The expansion follows the acquisition of fraud prevention platform Simility in 2018. The new centre will focus on leveraging PayPal's extensive expertise in data science, risk management and machine learning to empower small and medium-sized businesses to identify and protect themselves from fraud. The Nasdaq-listed firm said the Hyd...
PayPal First time introduces ‘OneTouch’ For Indians to enhance User Experience
Tech

PayPal First time introduces ‘OneTouch’ For Indians to enhance User Experience

Paypal India has introduced 'OneTouch' experience using Google Smart Lock for its users in India that will allow them to stay logged onto the digital payments platform in a secure manner. India is the first market where the feature will be integrated with Google Smart Lock, Paypal India said in a statement. Users can register their Android device with PayPal and stay logged into the platform for all subsequent PayPal purchases on that device. This removes the hassle of repeatedly needing to log in and thereby, offering a frictionless payments experience, it added. "Consumers once logged in will still need to go through the two-factor authentication step to complete the transaction as per applicable regulations," it noted. With One Touch, consumers will also not need to retr...