RBI : Dude .. u’ve gotta follow our guidelines .Its been long since u’ve been defying us .. grrrr
PayPal : Hmm… I can’t be mandated by you …Check out my shiny new policy.
Result : SMBs and freelancers , rather meat and potatoes of foreign cash inflow are literally ****ed !!
PayPal is not bank, and they can not be a bank in India because of the rules and regulations set by RBI.Obviously, just like any other company they won’t hesitate to maximize profit without getting into too much regulations.
Conclusion : Use google to find out PayPal alternatives.