Global technology platform and digital payments leader, PayPal, and Shopify, cloud-based, multi-channel commerce platform on Thursday announced expansion of their partnership in India.
PayPal is now available as a preferred payment option for Shopify merchants, looking for the convenience of a single account for their domestic and international transactions.
"Shopify has been helping merchants take the first step towards online selling and we bridge the trust gap between merchants and consumers, by ensuring safe and secure transactions in India as well as across 200 markets. Together with Shopify, we hope to make a positive contribution to the Government's Make in India initiative," said Director Channel Partnerships, PayPal India, Devendra Trivedi.
"Our mission is to empower entrepreneurs all over the world. Today 600,000+ businesses across 175 countries use Shopify," said Shopify Director of BRIC Sandeep Komaravelly.
"Shopify's thriving partner ecosystem of apps and services will continue to deliver enhanced solutions for the Indian market, powering a new economy between merchants and service providers," added Komaravelly.
The Indian e-commerce industry is expected to cross $100 billion mark by 2020, presenting tremendous opportunities of online selling in the country. Shopify encourages the merchants and small and medium enterprises in India to set up their own online stores to tap e-commerce opportunities in India and abroad as well.