Madurai Tamil Nadu India

bbn2
Contributor
Contributor
Kindly clarify PayPal website is authorised by any specific board or any government in India all banking is wholly controlled by RBI and Shares comes under SEBI and Mutual fund by board like wish PayPal who will recognised kindly confirm
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mhelmntrs
Contributor
Contributor
PayPal operates as a payments service provider globally and does not fall under the direct jurisdiction of specific national banking or financial regulatory authorities in the same way that traditional banks do. In India, the Reserve Bank of India (RBI) primarily oversees banking and financial institutions. PayPal is a licensed and regulated entity, but it may not be directly authorized by a specific board or government agency in the same manner as traditional financial institutions. PayPal's operations are compliant with applicable laws and regulations in the countries it operates in, and it often works closely with regulatory bodies to ensure compliance. For specific details and to verify PayPal's regulatory status in India, you may refer to the official documentation provided by PayPal, and you can also check with relevant financial regulatory authorities in India for any updates or specific information regarding PayPal's operations. As of my last knowledge update in January 2022, the regulatory landscape may have evolved, so it's always advisable to check the most recent information from official sources or directly with PayPal for the latest details.
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