PayPal to halt some remittance services in Japan
PayPal is halting personal payment services for users in Japan from Wednesday due to new regulations that go into force the following day.
PayPal is halting personal payment services for users in Japan from Wednesday due to new regulations that go into force the following day.
Payment gateway and service provider PayPal has launched version 2.0 of its Send Money mobile commerce application which supports transfers by “bumping” iPhones together.
PayPal users have reacted angrily to the suspension of Cryptome's account by the e-payment company and are using Cryptome's website to display their emails, cancelling their PayPal accounts.
PayPal said that India's central bank, the Reserve Bank of India (RBI), has allowed it to resume Indian bank withdrawals for Indian businesses who use PayPal to sell their goods or services abroad.
PayPal will open an applications store this year where developers can offer their wares, the latest step in the company's multi-pronged strategy to deepen its relationship with external programmers.
PayPal said a ban on personal transactions to and from India will continue for "at least a few months" while the online payment service tries to resolve a problem with local regulators.
PayPal, an eBay company, has suspended personal payments to and from India and transfers to local banks in the country.
Growth at PayPal and its core auction business helped eBay beat analyst expectations for the fourth quarter.
PayPal Australia has agreed to undergo an enforceable undertaking after it was found to have breached anti-money laundering and counter-terrorism financing laws by AUSTRAC.
PayPal Australia has appointed Frerk-Malte Feller as its new managing director. Feller takes over from Dinuke Ranasinghe, who has been acting managing director since March 2009 and has taken up the role of product head for Asia-Pacific.
PayPal has launched it global open payments platform in Australia
Developers building functional Add-ons for the Firefox browser can request financial contributions from users through an effort launched this week by Mozilla.
PayPal will soon open up its platform to third-party developers, allowing them to build applications with a range of money transfer options.
PayPal will target developers as it seeks to expand beyond its traditional eBay boundaries.
EBay is moving away from its traditional laissez-faire approach regarding buyer and seller interactions on its marketplace, and instead will get more involved in transaction disputes.