07 April 2018 Current Affairs: Digital payments company PayPal and the Federation of Indian Export Organisations (FIEO) signed an agreement for the promotion of outbound shipments among small and medium enterprises (SMEs) leveraging the partners' expertise and technology products.
As part of the agreement, PayPal will work with FIEO to educate SMEs on how to leverage global opportunities help them receive money in a safe and timely manner with PayPal products.
FIEO contributes to more than 70% of India's exports.
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