PayPal’s India Transaction Block Could Last Months

Online payments service PayPal says its suspension of certain transactions in India could last months. In a post on PayPal’s blog Tuesday, spokesman Anuj Nayar wrote that the company will keep blocking personal payments to and from India as it works out questions that Indian regulators have posed. The payments were initially suspended 28 January, after regulators questioned whether PayPal payments should be regulated like wire transfers of cash. However, local bank withdrawals, which had also been suspended, should be available within a few days, Nayar said

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