QUICK HIT: PayPal Comes to India

It's an important day in the global payments space as PayPal has announced the launch of domestic operations in India. 

Consumers in India will now be able to use PayPal to shop online at Indian businesses, and merchants offering PayPal will be able to process both local and global payments through PayPal, gaining access in effect to PayPal's more than 218 million strong customer base around the world and in India through a single integration. PayPal features including One Touch, Buyer and Seller Protection and Refunded Return Shipping are immediately available to PayPayl user in India.

"Today is a landmark day for us at PayPal as we launch our domestic service in a market which has all the ingredients to become a true digital economy," said Rohan Mahadevan, CEO PayPal Private Limited & SVP, General Manager, APAC at PayPal.

"Over two decades we have focused on products, services and strategic partnerships with a singular focus of becoming a champion for our customers, helping millions of people around the world participate in the digital economy. We're proud to be part of India's payment journey, which is on a high growth rate trajectory. We are excited about our prospects in a market that is highly inspirational and aspirational."