A pioneer that introduced digital payments to the world now wants to ride India’s boom

A pioneer that introduced digital payments to the world now wants to ride India’s boom

American online payments firm PayPal is looking at a bigger payoff from its bets in India. The company, which set up a startup incubator in Chennai in 2013, has now decided to start taking equity in the firms that join its programme, which was free till now. So far it has churned out 10 companies in four batches. “We continue to evolve the incubator programme…We want to come to the table and say we are partnering in your success…It is just a natural evolution,” Chandramouliswaran V, PayPal’s site lead in Chennai, told Quartz. PayPal has two large development centres […]