Shopmatic eases PayPal’s India entry

15-Jan-2016 #Digital India Source: India Inc

PayPal, the American digital payment company, has tied up with e-commerce platform solutions provider Shopmatic’s Indian arm to enable its merchants to expand their sales globally.

Hamish Moline, vice-president for regional merchant services and Southeast Asia at PayPal APAC, said: “We are happy to announce Shopmatic as our first Indian partner to enable online commerce. The emerging digitisation has had a strong impact on not only taking SMEs online domestically but enabling their ambitions globally.”

Since last year, after splitting from eBay, PayPal has been getting increasingly aggressive in the Indian market, making this its first tie-up in India. This comes as a part of PayPal’s plans to increase cross-border transactions, starting with India.

CEO of Shopmatic Group Anurag Avula said: “We are delighted to partner with PayPal to enable cross border trade for Indian sellers making it easier for merchants to accept payments from customers outside India.

“With the significant opportunity of over 51 million small and medium businesses, we believe that this association will provide a platform for businesses to grow their business in the global marketplace.”

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