Digital payments firm PayPal tied up with ecommerce platform solutions providerShopmatic to enable its merchants to expand their sales globally. This is PayPal’s first tie-up with an Indian partner.
- In India, PayPal works only for cross-border transactions, a market that the company is growing fast.
PayPal is also striking deals with banks to help consumers in India use their credit and debit cards to buy internationally. It had partnered with State Bank of India to enable customers to use their SBI debit cards on PayPal to make purchases on overseas websites.
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