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Paypal to set up an operation in India

India will soon be able to shop online through paypal

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PayPal making online shopping simpler for India as a result of the recent push by the Indian government towards digitalization (pixabay)

November 8, 2017, Mumbai: After offering cross-border payments in the country for close to a decade, the Global digital payments major PayPal on Wednesday announced its India operations.

In a statement issued here PayPal Holdings, Inc, said: “At launch, Indian consumers can use PayPal to shop online at some of India’s most popular businesses.”

“Merchants offering PayPal will be able to process both local and global payments through PayPal, getting access to PayPal’s 218 million customers around the world and in India through a single integration.”

“PayPal has been offering cross-border payments in India for close to a decade enabling SMEs and freelancers to leverage the global opportunity,” the company said.

The Indian government’s recent push towards digital payments has also led PayPal to partner with government and state-owned banks on number of initiatives, including digital financial literacy programme and eTourist Visa (eTV), the company said.

“We will be targeting the Global Indian and have partnered with merchants catering to this segment giving them a truly global seamless payments experience.

“India is transitioning away from our biggest competitor – cash – and our digital platform and technology has immense scope to enable this at scale. For us, the marathon has just begun,” Anupam Pahuja, Country Manager and Managing Director, PayPal India was quoted as saying in the statement.

“India’s digital payments journey is on a high growth trajectory and we are proud to be a part of it. We are excited about our prospects in a market that is highly inspirational and aspirational,” Rohan Mahadevan, CEO PayPal Private Limited and SVP, General Manager, APAC was quoted as saying in the statement. (IANS)

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India Aborts Launch of Spacecraft Intended to Land on Far Side of Moon

The Chandrayaan-2 mission was called off when a “technical snag” was observed in the 640-ton, 14-story rocket launcher

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India, Spacecraft, Moon
A spectator holds an Indian flag after a mission of Indian Space Research Organization's Chandrayaan-2, with the Geosynchronous Satellite Launch Vehicle on board was called back because of a technical snag in Sriharikota, India, July 15, 2019. VOA

India aborted the launch Monday of a spacecraft intended to land on the far side of the moon less than an hour before liftoff.

The Chandrayaan-2 mission was called off when a “technical snag” was observed in the 640-ton, 14-story rocket launcher, Indian Space Research Organization spokesman B.R. Guruprasad said.

The countdown abruptly stopped at T-56 minutes, 24 seconds, and Guruprasad said that the agency would announce a revised launch date soon.

Chandrayaan, the word for “moon craft” in Sanskrit, is designed for a soft landing on the lunar south pole and to send a rover to explore water deposits confirmed by a previous Indian space mission.

India, Spacecraft, Moon
FILE – Indian space scientist and Chairman of the Indian Space Research Organization Kailasavadivoo Sivan speaks during a press conference at the ISRO headquarters Antariksh Bhavan, in Bangalore, June 12, 2019. VOA

With nuclear-armed India poised to become the world’s fifth-largest economy, the ardently nationalist government of Prime Minister Narendra Modi is eager to show off the country’s prowess in security and technology. If India did manage the soft landing, it would be only the fourth to do so after the U.S., Russia and China.

Dr. K. Sivan, chairman of the Indian Space Research Organization, said at a news conference last week that the estimated $140 million Chandrayaan-2 mission was the nation’s “most prestigious” to date, in part because of the technical complexities of soft landing on the lunar surface, an event he described as “15 terrifying minutes.”

After countdown commenced Sunday, Sivan visited two Hindu shrines to pray for the mission’s success.

Criticized program pays off

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Practically since its inception in 1962, India’s space program has been criticized as inappropriate for an overpopulated, developing nation.

But decades of space research have allowed India to develop satellite communications and remote sensing technologies that are helping solve everyday problems at home, from forecasting fish migration to predicting storms and floods.

With the 50th anniversary of the Apollo 11 mission this month, the world’s biggest space agencies are returning their gaze to the moon, seen as ideal testing grounds for technologies required for deep space exploration, and, with the confirmed discovery of water, as a possible pit stop along the way.

“The moon is sort of our backyard for training to go to Mars,” said Adam Steltzner, NASA’s chief engineer responsible for its 2020 mission to Mars.

India, Spacecraft, Moon
India aborted the launch Monday of a spacecraft intended to land on the far side of the moon less than an hour before liftoff. Pixabay

Seeking water on the moon

Because of repeated delays, India missed the chance to achieve the first soft landing near the lunar south pole. China’s Chang’e 4 mission landed a lander and rover there last January.

India’s Chandrayaan-1 mission orbited the moon in 2008 and helped confirm the presence of water. The Indian Space Research Organization wants its new mission’s rover to further probe the far side of the moon, where scientists believe a basin contains water-ice that could help humans do more than plant flags on future manned missions.

The U.S. is working to send a manned spacecraft to the moon’s south pole by 2024.

Also Read- Around 53% People Interested in Travelling to Space: Survey

Modi has set a deadline of 2022 for India’s first manned spaceflight. (VOA)