Paypal offers Withdraw Funds directly into Indian Banks
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. |
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.
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