PayPal suspends personal payments to & from India
Bangalore, Feb 8: PayPal has temporarily suspended personal payments to and from India and transfers to local banks in the country.
Announcing this in a blog post, the popular US-based online payment service said, "Personal payments to and from India and transfers to local banks in India have been suspended while we work with our business partners and other stakeholders to address questions they have about the service."
"Customers can still make commercial payments to India but merchants cannot withdraw funds in Rupees to local Indian banks," the weekend blog post added.
PayPal is owned by online auction giant eBay.