PayPal shuts down services in Russia citing Ukraine aggression

[areyentiraidhi]

Updated / Saturday, 5 Mar 2022 11:35

 

PayPal stopped accepting new users in the country on Wednesday

 

Payments company PayPal has shut down its services in Russia, citing "the current circumstances," joining many financial and tech companies in suspending operations there after the invasion of Ukraine.

"Under the current circumstances, we are suspending PayPal services in Russia," President and Chief Executive Dan Schulman said in a statement.

He added that the company "stands with the international community in condemning Russia's violent military aggression in Ukraine."

A company spokesperson said PayPal will support withdrawals "for a period of time, ensuring that account balances are dispersed in line with applicable laws and regulations."

PayPal, which had only allowed cross-border transactions by users in Russia, stopped accepting new users in the country on Wednesday.

Ukrainian government officials had been calling on PayPal to quit Russia and help them with fundraising.

PayPal said yesterday that "since the beginning of the invasion, PayPal has helped raise over $150 million for charities supporting response efforts in Ukraine, one of the largest efforts we've seen in such a short period of time."

PayPal's suspension in Russia also applies to its money transfer tool Xoom. Rivals Wise and Remitly earlier suspended some services in Russia.

[Picheshwar]

57 minutes ago, areyentiraidhi said:

Updated / Saturday, 5 Mar 2022 11:35

 

PayPal stopped accepting new users in the country on Wednesday

 

Payments company PayPal has shut down its services in Russia, citing "the current circumstances," joining many financial and tech companies in suspending operations there after the invasion of Ukraine.

"Under the current circumstances, we are suspending PayPal services in Russia," President and Chief Executive Dan Schulman said in a statement.

He added that the company "stands with the international community in condemning Russia's violent military aggression in Ukraine."

A company spokesperson said PayPal will support withdrawals "for a period of time, ensuring that account balances are dispersed in line with applicable laws and regulations."

PayPal, which had only allowed cross-border transactions by users in Russia, stopped accepting new users in the country on Wednesday.

Ukrainian government officials had been calling on PayPal to quit Russia and help them with fundraising.

PayPal said yesterday that "since the beginning of the invasion, PayPal has helped raise over $150 million for charities supporting response efforts in Ukraine, one of the largest efforts we've seen in such a short period of time."

PayPal's suspension in Russia also applies to its money transfer tool Xoom. Rivals Wise and Remitly earlier suspended some services in Russia.

Nice 

[Thantrik]

30 minutes ago, Picheshwar said:

Nice 

 

1 hour ago, areyentiraidhi said:

Updated / Saturday, 5 Mar 2022 11:35

 

PayPal stopped accepting new users in the country on Wednesday

 

Payments company PayPal has shut down its services in Russia, citing "the current circumstances," joining many financial and tech companies in suspending operations there after the invasion of Ukraine.

"Under the current circumstances, we are suspending PayPal services in Russia," President and Chief Executive Dan Schulman said in a statement.

He added that the company "stands with the international community in condemning Russia's violent military aggression in Ukraine."

A company spokesperson said PayPal will support withdrawals "for a period of time, ensuring that account balances are dispersed in line with applicable laws and regulations."

PayPal, which had only allowed cross-border transactions by users in Russia, stopped accepting new users in the country on Wednesday.

Ukrainian government officials had been calling on PayPal to quit Russia and help them with fundraising.

PayPal said yesterday that "since the beginning of the invasion, PayPal has helped raise over $150 million for charities supporting response efforts in Ukraine, one of the largest efforts we've seen in such a short period of time."

PayPal's suspension in Russia also applies to its money transfer tool Xoom. Rivals Wise and Remitly earlier suspended some services in Russia.

a marketing strategy to attract the row, corporate world lo manchi ki place undadu just money talks antha pedda country and economy ni enni yrs ban chestharu endhi..

[TOM_BHAYYA]

JustIn: Mastercard suspended services in Russia 

[Picheshwar]

9 minutes ago, Thantrik said:

 

a marketing strategy to attract the row, corporate world lo manchi ki place undadu just money talks antha pedda country and economy ni enni yrs ban chestharu endhi..

oh inka nice