EBS signs on as PayPal's first Channel Partner in India.
Maharashtra, Sept. 21 -- To help Indian online merchants go global, EBS (E-Billing Solutions), one of the largest online payment providers in India, today announced that they are the first Channel Partner in India for PayPal, a world leading online payment provider. Through this strategic partnership, over 5,000 EBS online merchants can instantly add PayPal as a payment option to their EBS Merchant Account and sell to PayPal's 113 million active accounts in 190 markets across the globe. Both companies are committed to using their complementary strengths and expertise to fuel the growth of cross-border e-commerce in India.
A distinctive advantage of PayPal is that the smallest of Indian exporters can now go global and start accepting overseas online payments from day one as compared to the 30-day period offered by other online payment systems and up to the 90-day period as per traditional export models. To make the process simpler and convenient, EBS has enabled a single sign-on for their merchants to access their EBS and PayPal accounts. No separate integration or reconciliation is required as PayPal's Express Checkout integrates transparently with EBS giving online merchants a one-stop-shop payment solution to accept online and mobile payments in up to 25 currencies.
Commenting on the partnership, Mr. R. Prabhuram, Executive Director, EBS India, said, "We are excited to partner PayPal as our merchants can now benefit from selling to global customers from day one with a simple one time sign-in. PayPal is a leading global brand and a boon to merchants as it instills confidence and trust to global shoppers for purchasing goods and services from unknown Indian merchants."
"India is a prominent market for us and we are delighted to partner EBS to help Indian exporters sell to our global customers in 190 markets across the globe. By integrating PayPal as their payment provider, online merchants globally have on average experienced an 18% boost in sales and 23% higher customer conversion rate than credit cards.
Working closely with EBS, we want to help thousands of Indian merchants go global and experience similar growth rates," highlighted Mr. Mayur Patel, India Country Manager, PayPal Southeast Asia and India.
PayPal is the preferred online payment method in key export corridors like Australia, Southeast Asia, United Kingdom and the United States of America. PayPal is ideally suited to connect shoppers around the world to Indian exporters through faster and safer ways to pay online and on their mobile devices. As a leading global payments provider, PayPal has 14 years of risk management and fraud prevention experience to ensure safer e-commerce transactions between Indian merchants and global consumers.
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|Date:||Sep 21, 2012|
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