According to the spokesperson, PayPal entered India with a strong domestic value proposition, and a clear road map to enable the Indian customer to benefit from its global experience and products. Paypal still views cash as its main market in India , despite the influx of new digital payment companies , according to a spokesperson . With nearly 85 % of transactions still being completed with cash , the company is increasing its efforts in the market to remain a strong contender in a digital payments industry that is predicted to grow to $ billion by 2020 . Paypal , along with rivals Paytm , Yahoo , Whatsapp and Google , is leveraging the Indian government 's " Digital India " programme to remain competitive . The firm recently launched two technology Innovation Labs in the country to support fintech startups and promote innovative solutions .
Paypal still views cash as its main market in India , despite the influx of new digital payment companies , according to a spokesperson . With nearly 85 % of transactions still being completed with cash , the company is increasing its efforts in the market to remain a strong contender in a digital payments industry that is predicted to grow to $ billion by 2020 . Paypal , along with rivals Paytm , Yahoo , Whatsapp and Google , is leveraging the Indian government 's " Digital India " programme to remain competitive . The firm recently launched two technology Innovation Labs in the country to support fintech startups and promote innovative solutions .