PayPal India users can now receive up to $3000 in payments per transaction, up from $500 per transaction. Receive more than $500 in PayPal thanks to RBI.

Speak Asia is a Singapore based market research company that organizes online surveys for various products and companies. It launched it’s services in India sometime back and there are a number of ads you see on TV and newspapers. People wonder, how Speak Asia works and how it makes money? Is it real or a scam?

PayPal is changing rules in India. I spoke with an ex-RBI employee who gave me insights on what PayPal is doing. Read ahead to learn why PayPal and not RBI is screwing Indians.

PayPal has recently sent an email to all its Indian users. In it, PayPal has given an update on the local bank withdrawal situation – which had been suspended till now. PayPal will be allowing local bank withdrawals from 3rd March. This local bank withdrawal from PayPal needs an extra field called Export Code filled before transaction. Personal payments are still suspended, however.