PayPal to Start Operations in Russian Rubles on September 17 - Information portal

PayPal to Start Operations in Russian Rubles on September 17

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20.08.2013 Количество просмотров 821 views
PayPalAccording to PayPal Russia branch manager Vladimir Malyugin, starting from September 17 PayPal will allow users to pay for purchases in online stores, accept payments, transfer money to other users’ accounts and withdraw it through bank accounts in Russian rubles.

It’s to be reminded that PayPal obtained the non-bank credit organization (NCO) license from the Central Bank of the Russian Federation this May. The license enables PayPalRu OOO to perform transactions in Russian rubles and foreign currencies.

So far users in Russia could popup their PayPal accounts and make payments to foreign companies using this service; however, they could not make transactions in Russian rubles and transfer money through Russian banks. 
Source:  PLUS


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