PayPal Gets RBI’s In-Principle Nod To Operate As PA

PayPal Payments has reportedly received the Reserve Bank of India’s approval to operate as a PA-CB-E

The in-principle PA-CB-E approval by RBI reflects the strength of India’s regulatory vision and the progress toward secure cross-border transactions

PayPal will be able to process cross-border online transactions for the merchants to engage in export of goods and services under a regulated framework

NASDAQ-listed PayPal Holdings Inc’s Indian subsidiary PayPal…