Global technology platform and digital payments leader, PayPal and the Federation of Indian Export Organisations (FIEO), India’s apex international trade promotion organisation, have announced a partnership to promote exports while leveraging the technology and experience of each other. PayPal will work with FIEO to educate SMEs on how to leverage global opportunities, help them receive money in a safe and timely manner with PayPal products like invoicing and bring to them global best practices from across 200 markets.
Ajay Sahai, director general & CEO, FIEO said, “The MoU will help FIEO to reach the cottage industries, artisans, house-wives, youths, MSMEs and clusters, even in far-flung areas to develop their orientation towards exports. The Paypal products like invoicing solutions, safe and trusted payment options for buyers, easy integration with existing business systems will help encourage the entrepreneurs and the startups alike to take to exports without any difficulty, without much technical knowhow. All these are in line with the Prime Minister’s vision of Make in India, Digital India and empowering the youth for start-up encouragement with export orientation.”
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