Global digital payments player PayPal has entered into a partnership with Shopify, a leading cloud-based, multi-channel commerce platform to enable a single account to Shopify merchants for their domestic and international transactions.

The Indian e-commerce industry is expected to cross $100 billion mark by 2020, presenting tremendous opportunities of online selling in the country. Shopify encourages the merchants and small and medium enterprises in India to set up their own online stores to tap e-commerce opportunities in India and abroad.

Devendra Trivedi, Director, Channel Partnerships, PayPal India said, “Shopify has been helping merchants take the first step towards online selling and we bridge the trust gap between merchants and consumers, by ensuring safe and secure transactions in India, as well as across 200 markets.” He added that the number of small entrepreneurs is growing in the country and the partnership will help further boost the Union Government’s “Make In India” initiative.

Shopify gives merchants a platform to help design and run their online store along with access to third-party integrations for addressing everything from marketing to logistics, and PayPal helps build trust between merchants and consumers.

With its focus on risk and security and features like Seller Protection, PayPal plays a key role in enabling merchants to grow their business in India and across the globe. It also facilitates smart and secure online transactions and protects merchants against unauthorised payments and reversals due to fraud and ‘items not received’ claims.

“Our mission is to empower entrepreneurs all over the world. Today, over 600,000 businesses across 175 countries use Shopify,” Sandeep Komaravelly, Director of BRIC, Shopify, said. He added that the company’s partnership with Paypal aims to provide a seamless payment experience for sellers in both their domestic and international markets.

Related Topics
comment COMMENT NOW