PayPal, the online payment processor, has put some of its services in
India on hold temporarily and is reversing funds requested through
PayPal India, according to reports.
Anjul Nayar, a PayPal representative, said Saturday in a blog
post that "personal payments to and from India and transfers to
local banks in India have been suspended" as the company works with
business partners and stakeholders "to address questions they have about
the service".
Nayar wrote that customers can still make commercial payments to India,
but merchants will not be able to "withdraw funds in rupees to local
Indian banks." An Associated Press report
noted that the suspension took effect January 28.
