The information collected through the initiatives will be shared with other firms in the financial industry, law enforcement and policymakers, PayPal said.
NIFT informed the meeting that it is in the process of developing a payment solution for cross border/international payments in collaboration with the SBP.
“From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India,” the company said.