 "Cashless economy: Does an India play make sense for PayPal?")
Global online payments giant PayPal has announced the launch of its domestic operations in India as it looks to battle with Alibaba-backed firm Paytm. PayPal’s entry comes at a time when Chinese giant Alibaba’s payment arm Alipay is planning to expand into the US, the home market of PayPal.
Founded by Elon Musk and Peter Thiel, PayPal disrupted the payments industry nearly two decades ago in the US.
PayPal isn’t starting afresh in India too. It is a leading service provider for millions of technology and management freelancers to receive payments from overseas clients. It also claims to service a third
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