PayPal follows Amazon, applies for mobile wallet license in India

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. 

SEE ALSO: Soon you'll be able to make payments using WhatsApp in India

Earlier this month, Amazon received a PPI licence from India's federal bank that now enables...

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