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Why isn't PayPal allowed for payments made within India?
What kind of regulations are there for cross border payments in India?
There are several regulations that PayPal has to comply with in India. For instance, India requires foreign payment gateways like PayPal to operate through a bank-led model, where the transactions made through the gateway have to be routed through a bank account in India. In addition, the Reserve Bank of India (RBI) has also set certain limits on the amount and frequency of cross-border payments.