eBay to roll out PAISAPAY in other markets.

US-based online marketplace eBay Inc. plans to launch solutions developed at its technology centre in Bengaluru in other geographies. The company is working on launching its India payment service PaisaPay to some of its other markets.

PaisaPay helps customers transfer money to a temporary account until they receive the item and releases the money to the seller once the receipt is confirmed.

 

PayPal Holdings Inc., founded by Elon Musk, Peter Thiel and others, was acquired by eBay in 2002 and spun off last year into an independent publicly traded company listed on the Nasdaq.

eBay is also going to roll out a registration process developed entirely in India, and is testing a new, easier way of signing up users on smartphones.

Unlike bigger rival Amazon.com Inc., eBay has been slow to customize its product and other offerings to Indian customers despite launching its India operations several years before Amazon. Even now, eBay’s India app mostly resembles its app in the US.

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Suraj Kumar

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