Dhaka, 09 Oct, Abnews: PayPal, a global online payment system, is all set to launch its services in Bangladesh.
State minister for ICT division Zunaid Ahmed Palak confirmed this to the media on Monday.
He added that the service will start from October 19 and it will be inaugurated by the Prime Minister’s ICT adviser Sajeeb Ahmed Wazed Joy during the Bangladesh ICT Expo 2017.
According to the state minister, PayPal services will be available in nine banks, including Sonali Bank and Rupali Bank.
Since Paypal's start in December 1998, it has enabled nearly 200 million individuals and businesses to transfer funds electronically.
PayPal makes money by charging transaction fees mainly from business accounts, charging to a payment’s recipient. Although most transactions are free, merchants pay a fee for each transaction. However, it does not charge any fees to send money.
ABN/Adrian/Jasim/AD