Online payment service provider PayPal has put some of its services in India on hold, and is reversing funds requested through PayPal India, according to reports.
PayPal did not give a specific reason for the suspension, but Anju Nayar, spokesperson from the communications team, said in a blog post on Saturday that "personal payments to and from India and transfers to local banks in India have been suspended" as the company works with business partners and stakeholders "to address questions they have about the service".
Nayar wrote that customers can still make commercial payments to India, but merchants will not be able to "withdraw funds in rupees to local Indian banks". An Associated Press news report noted that the suspension took effect on 28 January.
For more on this story, see PayPal suspends service in India on ZDNet Asia.
