Hope Narendra Modi And His GOV. Will Resolve Paypal Issue For India Narendra Modi is using latest technology and he will definly support on paypal policy for india to grow for india what you say people
@i_am_dhaval I guess its the RBI which has to work with PayPal on helping businesses in India. As per RBI guidelines, PayPal is not a bank (does not have a banking license). Likewise, none of the other services like zippypay etc can hold your money or let you pay from an "account" balance. I am sure that PayPal would have to go out of the way to apply for a bank license in India. As there are too many regulatory bodies and compliance standards involved, it might less it pass for time being - atleast until it foresees that it could have a few million dollars in user accounts at any instance. At the same time, PayPal also runs a BillMeLater concept, which is similar to bank loans/EMIs - so you see, a full featured PayPal access to Indian users is still far fetched. As far as Narendra Modi's governance is concerned, he surely has this image of being able to boost businesses and export. So it all depends on who gets chosen as the Finance minister and how well the Finance Ministry takes care of this. I hope there were a government poll/form where we could request for features
Dhaval - Let's keep our finger crossed and hope for the best. This matter needs to be brought into Mr. Modi's notice. Being RBI governor, we also need Mr. Raghuram Rajan to look into this matter as well. Once the issue is resolves, India will have foreign currency rolling in and it could help with strengthening Rupees.
if you help me i am thinking something if we join together then we can give him application for solution what you think ? are you with me ?
I'm from India and I guess PayPal is alright. I heard every single guy from India keeps getting problems for getting a PayPal account. Well, I got my verified PayPal in 5 days. Indians are always like, "I don't have bank account, credit/debit card." What can PayPal do about it? They can't come to your home to verify your identity.
https://www.facebook.com/namotheking please support on this page and share this page so Narendra Modi And His Team Can see this what you says ?
I am from India as well. I am aware that we can't hold funds in PayPal for more than 24/48 hours I believe, can't pay for anything using PayPal balance, and verification is a pain, needs credit card etc. Apart from those above I don't have any major complains. So I would like to know what OTHER problems that OP or others face.
I laughed hard when i read this thread and respective comments posted here by fellow members. I don't want to say anymore because Vivek already said the fact but you guys should think before saying anything.