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Articles related to ‘RBI’

PayPal will soon be resuming its operation in India

Earlier we informed you about Reserve Bank of India banning PayPal from carrying out its operations in India. Heres the update of that. RBI has now allowed PayPal to resume bank withdrawals for settlements for export of goods and services. PayPal is expecting to resume this service by 3rd of March. Please note that this…

 Articles   News  

By digitalcoconut

Reserve Bank of India – “PayPal not authorised to transfer money”

Reserve Bank of India – “PayPal not authorised to transfer money”

The showdown between online money transfer and India continues. About two weeks ago, PayPal suddenly stopped transfer of money to individuals using India Banks. After PayPal’s suspending of transfer to Indian banks, PayPal wrote in their blog that they are suspending the services to respond to enquiries from the Indian regulators.

 General   News  

By Ricky

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