bengaluru paypal has increased the limit of crossborder remittances to 50000 from 25000 in 2018 and 10000 in 2017 to keep up with demands of us customers particularly the nri community in north america with a higher disposable income the average nri is sending more money home than before and at 005 transaction charge it becomes cheaper to transfer money through paypal said paypal marketing vicepresident julian king he added that with customers getting more techsavvy cashbased wire transfers are increasingly going out of fashion paypal said using its services takes less time than using other services customers want to see faster and smoother transactions we have partnered with banks such as bank of america jpmorgan chasepaypals international money transfer service xoom has been opened in over 30 countries including india canada france germany and uk we also offer the most competitive exchange rates in a transparent manner he said