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Bangladesh to get PayPal from Oct 19

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FT ONLINE

PayPal, the online money transfer service, will launch its services in Bangladesh from October this year.

State minister for ICT division Zunaid Ahmed Palak said that all are set to launch the PayPal services on the 19th of October.

Prime minister’s ICT adviser Sajeeb Ahmed Wazed Joy is likely to inaugurate PayPal in Bangladesh on the second day of the Bangladesh ICT Expo 2017, Palak said.

Zunaid Ahmed Palak said PayPal will be available in nine banks with 12,000 branches of the banks, including Sonali Bank and Rupali Bank.

PayPal, which is available in more than 200 markets around the world, enables its account holders to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold PayPal account balances in 25 currencies.

-NK

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