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Benzinga
Benzinga
Technology
Anusuya Lahiri

PayPal Extends Service In Ukraine

PayPal Russia PYPL PayPal Holdings Inc
  • PayPal Holdings Inc (NASDAQ:PYPL) expanded its services to allow Ukrainian citizens and refugees to send and receive funds from overseas from their Ukrainian PayPal Wallet in dollars, Canadian dollars, British pounds, and euros.
  • Reuters reports that over 3 million Ukrainians have fled since Russia launched its invasion on February 24.
  • Ukrainians could transfer funds from their PayPal accounts to eligible credit and debit cards. 
  • Related Content: Latest On Russia-Ukraine War: Paypal Suspends Service In Russia; Ceasefire Violated
  • PayPal also waived its fees on such transactions through June 30.
  • Previously, Ukrainian citizens could only send money from PayPal accounts.
  • Price Action: PYPL shares traded lower by 0.77% at $111.30 in the premarket on the last check Friday.
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