Photo: Fabrizio Bensch / Reuters
After the requirements for foreign payment systems tightened in Russia, PayPal decided to leave the market for domestic transfers. Now you can transfer money using PayPal only abroad.
Payment system PayPal from July 31 will stop making customer internal transfers and payments in Russia. This is stated in the company's statement.
At the same time, users of the system in Russia will still be able to make transfers abroad or receive transfers from abroad. The restrictions will come into force on July 31, when the new user agreement becomes effective.
In Russia, on July 4, amendments to the law "On the National Payment System" entered into force, which establish new requirements for domestic Russian transfers of electronic money. Now the operator of electronic money and the organizations it attracts are not entitled to transfer information about transfers carried out in the territory of the Russian Federation to the territory of a foreign state or provide access to such information from abroad.
PayPal is one of the largest electronic payment systems in the world, founded in 1998. The company operates in 202 countries and territories of the world and serves transfers in more than 100 world currencies.
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