PayPal charges into BD, finally

PayPal, a global online payment system, starts its service in Bangladesh today (Thursday), paving the way for hassle-free electronic money transfer.

This is expected to increase access to foreign consumers as well as easing the collection of money for the freelancers of the country, reports BSS.

Sajeeb Wazed Joy, information and communication technology (ICT) adviser to the Prime Minister Sheikh Hasina, will inaugurate the international gateway for online payment at the Bangabandhu International Conference Centre (BICC) in the city, an official of the ICT Division said.

He said customers could receive the service from nine commercial banks, including Sonali Bank, Rupali Bank and Social Islami Bank and the service would be extended gradually.

"The PayPal authorities have taken the decision after reviewing the potential market of Bangladesh," he added.

The official said that the ICT adviser has provided all sorts of cooperation to launch the PayPal for providing the world's most popular online money transfer services to the people.

PayPal, 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.