How much in international sales did PayPal process for Indian merchants last year?

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PayPal Processed US$1.4 Billion in International Sales for Indian Merchants Last Year

PayPal processed US$1.4 billion in international sales for over 360,000 merchants in India last year. This figure highlights the scale of PayPal's engagement with Indian businesses operating in the global marketplace, even as the company shifts its strategy.
Focus on International Sales Development

The company announced it will stop offering domestic payment services within India from April 1. Instead, PayPal will concentrate on facilitating and expanding international sales for Indian businesses. This strategic pivot aims to leverage its existing infrastructure for cross-border transactions.
Significant Merchant Network

Last year's US$1.4 billion in international sales was facilitated for more than 360,000 merchants. This demonstrates a substantial network of Indian businesses that relied on PayPal for their international e-commerce activities. The halt of domestic services will impact these merchants' ability to process payments within India.
Market Context of Digital Payments

The decision comes amid a competitive and rapidly growing digital payments market in India, projected to reach US$500 billion by 2025. This environment has seen intense competition from multinational players and local entities alike, indicating a dynamic landscape for payment providers.

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How much in international sales did PayPal process for Indian merchants last year?

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