RBI allows PayPal to continue with local bank withdrawals in India

01 Mar 2010

By Nirmalya Sen

Online payment service provider PayPal, which is owned by auction portal EBay, on Saturday said the Reserve Bank of India (RBI), the country's apex bank, has allowed it to continue local bank withdrawals for settlements for exports of goods and services.

"We are making changes to comply with Indian regulations for settlements for exports of go

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Jim Townsend