Paypal India, PayPal Suspends Personal Payments to India, PayPal, an eBay company, has suspended personal payments to and from India and transfers to local banks in the country.
Customers can still make commercial payments to India, but merchants cannot withdraw funds in rupees at local Indian banks, it added.
The services have been suspended while the company works with its “business partners and other stakeholders to address questions they have about the service,” according to PayPal’s blog. PayPal did not say what questions have been raised.
PayPal said it is trying to resolve the situation as quickly as possible and that it was sorry for the inconvenience that it may cause its customers in India and around the world. A number of bloggers and Web sites have reported that the company has reversed and returned payments to senders.
PayPal executives in the region were not available for comment on specific reasons why the service was discontinued.
Paypal India, PayPal Suspends Personal Payments to India was first posted on February 8, 2010 at 10:14 pm.
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