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Tag Archives: RBI authorization on paypal

India Says PayPal Not Authorized for Money Transfer

PayPal does not have authorization in India to provide cross-border money transfers, a spokeswoman for the country’s central bank said on Thursday. PayPal needs authorization to operate a cross-border money transfer service, under the country’s Payment and Settlement Systems Act, Alpana Killawala, spokeswoman of the Reserve Bank of India (RBI), said Thursday. In a Tuesday blog post PayPal said that ... Read More »