PayPal starts operation in Bangladesh

PayPal, a global online payment system, started its service in Bangladesh on Thursday, paving the way for hassle-free electronic money transfer and increasing access to foreign consumers as well as easing the collection of money for the freelancers of the country.

Sajeeb Wazed Joy, information and communication technology (ICT) adviser to the Prime Minister Sheikh Hasina, inaugurated the international gateway for online payment at a function at the Bangabandhu International Conference Centre (BICC) in the city.

State Minister of ICT Affairs Zunaid Ahmed Palak, Bangladesh Bank Governor Fazle Kabir and secretary of the ICT Division Subir Kishore Choudhury were present among others in the programme.

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.