Paypal Halts Personal Transactions In India

PayPal has halted personal transactions in and out of India
after regulators questioned whether the transactions constituted remittances.

Anuj Nayar, director of Global Communications at PayPal,
said, “personal payments to and from India have been suspended while we address
some questions from our business partners.” The company expects the payments to
be suspended for several months until it secures appropriate licenses.