10 November 2017 Current Affairs: American digital payments company PayPal launched domestic operations in India.
At launch, Indian consumers will be able to make transactions at select online merchants.
Merchants offering PayPal will be able to process both local and global payments through the platform getting access to PayPal’s more than 200 million customers around the world and in India through a single integration.
The company is yet to receive a prepaid payment instrument (PPI) license from the Reserve Bank of India.
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