US online payments company PayPal has temporarily suspended personal payments to and from India and transfers to local Indian banks.PayPal, in a weekend blog post on the company website, said the operations were on hold "while we work with our business partners and other stakeholders to address questions they have about the service."
PayPal, which is owned by online auction giant eBay, did not provide any further details about the move.
It said customers "can still make commercial payments to India but merchants cannot withdraw funds in rupees to local Indian banks."
"We're trying to resolve the situation as quickly as possible and we're really sorry for the inconvenience that this may cause our customers in India and around the world," PayPal said.
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