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Which of the following digital payment platform has announced that to wind down its domestic payment services in India with effect from April 01, 2021?
PayPal
Paydiant
Visa Checkout
Apple Pay
Square Order
- Option 1: PayPal
- PayPal announced it planned to wind down its domestic payment services in India from April 01, 2021.
- It focuses on expanding cross-border payments instead.
- Option 2: Paydiant
- A mobile wallet platform acquired by PayPal in 2015.
- Primarily involved in white-label mobile payment solution for retailers.
- Option 3: Visa Checkout
- A service by Visa offering a streamlined checkout experience for consumers.
- Not specifically tied to any Indian market announcement in this context.
- Option 4: Apple Pay
- A mobile payment service by Apple mainly available in certain regions, but no announcement about winding down services in India.
- Option 5: Square Order
- This service was an ordering app that allowed consumers to place orders for pickup.
- The service shut down in 2015, so not relevant to the 2021 context.
- Correct Answer: Option 1 - PayPal
By: Parvesh Mehta ProfileResourcesReport error
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