Paypal is giving up the Indian mobile payment market. The company will no longer offer domestic payment services within India, from 1 April

5 februarie 2021

PayPal is to wind down its domestic payments business in India after failing to make a significant dent in a fiercely competitive market. PayPal first entered the Indian domestic scene four years ago and currently operates as a payment option for over 300,000 merchants in the vast territory.

“From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India,” the company says. “This means we will no longer offer domestic payment services within India from 1 April.”

The Indian mobile payments market is one of the most hotly contested in the world, with Big Tech giants like Facebook, Google, Amazon and TenCent battling it out for market share with a host of local players, including PhonePE and PayTM.

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Mihai Draghici – CEO PayByFace

„Dupa ce oamenii creeaza un cont PayByFace si au adaugat cardul, selfi-ul si PIN-ul, si au avut un pic de curaj sa se duca sa incerce, daca au incercat o data plata prin recunoastere faciala nu mai folosesc altceva (n.r. ca modalitate de plata). 80% dintre ei numai asta folosesc. Le place la nebunie.” 

Afla aici rezultatele in adoptia platii prin recunoastere faciala.

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?