PayPal follows Amazon, applies for mobile wallet license in India
Global payments major PayPal wants a slice of the blossoming mobile wallet pie in India, according to reports.
The California-based firm has applied for a prepaid payment instrument (PPI) in the country. This comes at a time when the payments space in India is abuzz with potential foreign investments, mergers and acquisitions.
SEE ALSO: Soon you’ll be able to make payments using WhatsApp in India
Earlier this month, Amazon received a PPI licence from India’s federal bank that now enables it to operate Amazon Pay services. WhatsApp too is reportedly looking at launching payments here — its biggest market in the world. Read