For instance, Bangladesh will not allow users to send out money abroad via PayPal, due to the central bank’s arcane foreign exchange rules. Sajeeb Wazed Joy, ICT adviser to the prime minister, will inaugurate the PayPal services from Bangabandhu International Conference Centre in Dhaka. State Minister for ICT Zunaid Ahmed Palak said freelancers would benefit from the services when asked about PayPal operating in Bangladesh. San Francisco-based Xoom, a member of the PayPal family since 2015, launched its money transfer service to Bangladesh in 2015 in collaboration with Social Islami Bank. PayPal will eventually be available through all banks, said a deputy general manager at the Bangladesh Bank Payment System Department.

Source: bd News24 October 18, 2017 14:37 UTC