PayPal Holdings Inc will wind down its domestic payments business in India from (paypal stock)  April 1, the company said in a statement on Friday.


San Jose, California-based PayPal will instead focus on its cross-border payments (paypal stock)  business, which means global customers will still be able to pay Indian merchants using the service.

"From 1 April 2021, we will focus all our attention on enabling more international (paypal stock)  sales for Indian businesses, and shift focus away from our domestic products in India," the company said.

"This means we will no longer offer domestic payment services within India from 1 April."

PayPal was a payments options on many Indian online apps such as travel and (paypal stock)  ticketing service MakeMy Trip, online film booking app BookMyShow and food delivery app Swiggy.