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Being financially conservative is different from making adoption of new technology difficult. Today, Paypal doesn't work in India, the payment gateways are in a

Being financially conservative is different from making adoption of new technology difficult. Today, Paypal doesn't work in India, the payment gateways are in a horrible mess and the one-time-password rule has given mobile commerce a huge setback. I believe the problem lies in not going into the details of implementation. There is a fine balance between security and usability which has to be maintained. As someone who is looking to start a web startup in India, I am disappointed by how consumer concerns are being ignored and online commerce is becoming more and more difficult here.

vamsee 16y ago
"Paypal doesn't work in India" statement is not fair. RBI has several guidelines for online transactions of money. It wants to be able to regulate all services that take money out of and put money into the country. Unfortunately, Paypal doesn't want to be regulated by any country but US. You're acting like a bank, and walking like a bank, only online, be prepared to be regulated like a bank. Paypal made a choice that it doesn't want to be a bank. It's not really RBI's fault, while I do think that they have think of some other solution to make people's live easier to accept/transfer money online.