Vipin C S

W hen PayPal came to India to they have faced many banking related issues with the Reserve Bank of India (RBI). RBI has some set of rules which they have forced on PayPal so that they cannot operate in India like the way they operate in most of the places in the world. Due to this special set of rules PayPal is unable to provide their normal service to the Indians. RBI has rejected PayPal business approval by showing that PayPal does not hold a banking license. As per RBI and banking rules in India, an authority or institution is only allowed to hold money to them if and only if they had an Indian banking license. You have probably seen that almost merchants around the world use PayPal as their payment gateway. The reason behind this is PayPal is free of cost and many people have working PayPal account as it is around in the market for a long time. But as ‘Pay with PayPal’ is like the easiest payment method in most of the continent around the world. After a lot of requests and hassle...

W ell, there is some Indian Bank’s debit cards are working properly for online cross currency international transaction. You can check the table given below for the name of the bank and the kind of cards which are currently working for online cross currency international transaction. Sl. No. Bank Names Google Wallet PayPal 1 Indian Bank (EMV MasterCard World) YES YES 2 AXIS Bank (Chip Card) YES YES 3 ICICI Bank YES YES 4 HDFC Bank (Platinum Chip Debit Card) YES YES 5 CITI Bank YES YES 6 Standard Chartered Bank YES YES 7 Kotak Mahindra Bank (Gold Chip Debit Card) YES YES 8 Union Bank of India YES NO 9 IDBI Bank (Chip Based Intl. Debit Card) YES NO Please note that because there are a number of banks in India, each one offering a lot of different types of cards, it is impossible for me to check all of them. So, if your bank is not mentioned above but it works in the claimed sites, please let me know in the Comment section below. Some bank cards needs some special activatio...