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.
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 more...
More about Ecommerce, India, Payments, Mobile Wallet, and Whatsappvia Zero Tech Blog
