Paypal offers Withdraw Funds directly into Indian Banks

[megri]

Paypal just offered another excellent feature to become a leading payment processor in india by adding directly funds withdrawal option in indian banks which previously was just limited to US banks. Currently only 2 countries ie US and India are allowed to use this feature as far as i know from the withdrawal page of paypal.

Just checked my paypal account and found that paypal has increased the monthly withdrawal limits for everyone. Previously the limits were just 2500USD/month but now its increased to 20000USD/month may be because of some RBI notifications.

[siva10]

Some very good news for PayPal users in India. You can now transfer money from your PayPal account to any of your bank account in India directly from the PayPal website.Earlier, the only option for withdrawing PayPal amount in India was a check that normally took 2-3 weeks for processing.
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siva


(http://www.sreevyshcor.in)

[stbnetblocking]

That's interesting, I didn't know this. I wonder if Paypal is going to go more global? It must have plans to do so. And I wonder why India was the first country Paypal extended to. This is the kind of thing I'd like to look into on my free research-time.