Online payment service provider Paypal on Saturday said that it has suspended certain types of payment transaction in India.
In a blog posted on its website, PayPal spokesperson Anuj Nayar wrote "... personal payments to and from India and transfers to local banks in India have been suspended while we work with our business partners and other stakeholders to address questions they have about the service".
Without giving any further details for the unusual suspension, he added that the company is working "to resolve the situation as quickly as possible."
"During this time, customers can still make commercial payments to India but merchants cannot withdraw funds in rupees to local Indian banks," he said.
Published Date: Feb 09, 2010 11:23 am | Updated Date: Feb 09, 2010 11:23 am