Paypal Tightening Screws on India

Paypal Tightening Screws on India

We all in Pakistan pray daily that Paypal Start their services in Pakistan like India but its getting worst and worst. Paypal is rather tightening screws on South Asian countries though its not all Paypal’s fault its the countries them self to blame as well. India where Paypal was accepted for personal payments as well as for business payments suspended personal payments and local bank transfers last month. Due to RBI’s regulations, rules have become more and more strict over the past year to prevent money laundering. Paypal was becoming an easy way to launder money in and out of the country so the RBI had to step in.

Paypal said in a Notification:

Looks like RBI is stretching its hands on all e-wallets starting with the ones that are more famous and have a strong hold on the market. Neteller Net+ Cards would not work anymore for Indians and they would have to withdraw the funds to their Bank account. Don’t be surprised if you find new restrictions in the future for Indians using Alert-pay because they are probably next in line.