PayPal expands payments services to help Ukrainian citizens, refugees
PayPal has announced that it will expand its services to allow customers to send money to Ukrainian customers.
Thus far, Ukrainians have only been able to send money out of the country. The most recent expansion would allow Ukrainian PayPal account holders to send and receive funds from anywhere in the world. Customers will be able to send and receive payments in Canadian dollars, British pounds, and euros beginning on Thursday, added PayPal.
The announcement comes in response to a request from the Ukrainian government for PayPal to offer new services that would allow Ukrainian citizens to accept payments.
PayPal has also stated that it will waive fees for consumers transferring money to Ukrainian PayPal accounts or receiving money into Ukrainian PayPal accounts until June 30. Xoom, the company’s international remittance service, will waive transaction costs for funds transferred to recipients in Ukraine.