Indian businesses will be able to accept payments from users across 200 markets
PayPal to help Indian businesses sell to over 350M customers. Source: cashfree.com
PayPal and Bengaluru-based payments and banking technology company Cashfree, have announced a partnership to enable international payments for merchants.
This way, businesses using Cashfree’s payment gateway will be able to add the PayPal Express Checkout option to their order pages and accept payments from users across 200 markets.
According to information, the need to maintain separate websites with the products shown in the home currency based on user location has been one of the biggest challenges in collecting domestic and international payments.
With this integration, businesses can show the prices of all products in 28+ currencies. Cashfree does the foreign currency exchange automatically and the amount gets credited to businesses’ accounts in INR.
Customers with a PayPal account will be able to use the PayPal Express Checkout button and pay in their preferred currency. Businesses partnering with Cashfree can activate One Touch payments that would let their customers stay logged in and check out with a couple of clicks.
We’ve reported that PayPal will introduce a touch-free payment solution.
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