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PayPal to halt online payment services within India
Online payments giant PayPal said on Friday it will halt domestic financial transactions within India.
Multinational giants, including WhatsApp, Google and Alibaba, have for months been locked in a tense battle over the fast-growing digital payments market in the nation of 1.3 billion, expected to be worth $500 billion by 2025.
But PayPal on Friday said it would instead focus on developing more international sales for Indian businesses from April.
The firm did not say why it was ending its online payments service, available on a number of popular Indian apps.
