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Given India's comfort level with gold dealing, I wonder if this means that an alternate payment system such as goldmoney.com will be able to get a lot of tracti

Given India's comfort level with gold dealing, I wonder if this means that an alternate payment system such as goldmoney.com will be able to get a lot of traction. You have to think that some other online payment company would be planning to buy ads online and run a billboard campaign in some of the larger cities in an attempt to gain share.

vamsee 17y ago
That's a pretty good idea, actually. Almost everybody above 25 is continually looking to buy gold in India. Personally, I don't mind getting paid (at least partly) in gold ;). As for competitors, there are very few PP competitors that you can really count on. There's XOOM, I but never used it, as none of my professional acquaintances can vouch for it. When it comes to transferring money, people get really careful, and PP has a lot of credibility (so far, at least). Now that PayPal is actually clearing the regulatory hurdles, I expect a lot more players in the fray who will take advantage of the emerging clarity how to deal with cross-border transfers.