The U.S. online payment company PayPal has suspended transfer funds, and private users will not be able to transfer out of India, and transfer to the Indian’s Bank.
PayPal on weekend at the company’s Web site blog said service was suspended on 28th January. It’s now more than a week. The company’s spokes person also told that “we are working with business partners and stakeholders to resolve some of their problems.”
EBay auction site owned by PayPal, did not disclose further details. PayPal said that the customers can still transfer to India accounts, but local banks, businesses can not withdraw from the Indian rupee.
PayPal, said: “We are trying to resolve the current situation as quickly as possible, we are sorry this may give India and other countries, customer inconvenience.”
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