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NEWS / Banking Industry
PayPal Suspends Some Services in India
Editor's summary:
India — PayPal has suspended personal payments to and from India and transfers to local banks in the country. In a blog post, the company said it is taking this step while they "work with our business partners and other stakeholders to address questions they have about the service."
From IDG News:
"Customers can still make commercial payments to India, but merchants cannot withdraw funds in rupees at local Indian banks..."
Posted by: Chef on Feb. 8, 2010 (10:47 am EST)
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