PayPal, a global online payment system, has started its service in Bangladesh, 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, inaugurates the international gateway for online payment at a function at the Bangabandhu International Conference Centre (BICC) in the city on Thursday.
While inaugurating the world's most popular online money transfer service, Joy said:"I would like to thank all persons concerned as we have finally completed the long pending process of bringing this American online money transfer service in Bangladesh."
"It's a milestone for the young IT professionals and freelancers of the country. From now on, they will be able to facilitate a hassle free money transaction at a reasonable fee," he added.
The customers can receive the service from the nine commercial banks, including Sonali Bank, Rupali Bank and Social Islami Bank and the service will be extended gradually.
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.