PayPal halts certain payment transactions in India

Feb 07, 2010

(AP) -- The online payments service PayPal has taken the unusual step of suspending many transactions in India for more than a week.

A spokesman for the service said Saturday that "personal payments" to and from India are being blocked. Transfers to banks in India are being suspended as well.

The spokesman, Anuj Nayar, said is taking the step while it answers questions that have arisen about the service. He declined to elaborate.

Nayar said the suspensions began Jan. 28. He wrote in a blog post that PayPal, which is owned by Inc., hopes "to resolve the situation as quickly as possible."

Explore further: When a selfie is not enough: India abuzz over 'velfie' craze

More information: PayPal blog post: http://bit.ly/cSzjF0

0 shares

Related Stories

EBay's PayPal envisions doubling in size by 2011

Mar 11, 2009

(AP) -- EBay Inc.'s name may conjure images of online auctions, but the company is hoping to turn attention to its second-largest business - PayPal - which it expects to blossom significantly in the next few years.

PayPal opening doors to outside developers

Oct 21, 2009

PayPal plans to throw open the doors of its software platform to enable outside developers to build innovative tools using the online financial transaction service.

A growing PayPal could soon overshadow parent eBay

Nov 04, 2009

(AP) -- Most people know eBay Inc. for its online marketplace, where deals abound on everything from gadgets to antique furniture. But soon, eBay's biggest business will likely be PayPal, the online payments ...

PayPal courts outside developers

Nov 04, 2009

PayPal has opened its software platform to outside developers in a move designed to unleash a flood of creative uses for the online financial transaction service.

Recommended for you

Facegloria: Facebook for Brazil's Evangelicals

Jul 04, 2015

Fluffy clouds waft across a blue sky as you log in and while you chat with friends, Gospel music rings out: welcome to Facegloria, the social network for Brazilian Evangelicals.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.