PayPal launched in Bangladesh

PayPal, a global online payment system, was launched in Bangladesh this morning.

Sajeeb Wazed Joy, prime minister’s adviser for information and communication technology, inaugurated the international gateway at a function at Bangabandhu International Conference Centre in Dhaka.

People can now receive the service from nine commercial banks, including Sonali, Rupali and Social Islami Bank, and the service will be extended gradually, an official of the ICT Division told BSS yesterday.

PayPal, available in more than 200 markets around the world, enables its accountholders to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold PayPal account balances in 25 currencies.