The international payment system PayPal has extended the term of transfers for Ukrainians without a fee. They will be available by the end of September. This is reported by the Ministry of Digital Transformation.
The service became one of the first international companies to respond to the call to leave the Russian market after the start of a full-scale war. PayPal has also made its services open to Ukrainian citizens.
“Since March 17, Ukrainians have been able to make money transfers from abroad, which has allowed them to support their relatives and raise funds for the army without hindrance. According to the first agreement, all payments until June 30 for Ukrainians were made without a fee. Now this term has been extended until the end of September,” said PayPal CEO Dan Shulman.
According to the Ministry of Digital Transformation, Ukrainians have created more than 200,000 new accounts and transferred and received about $200 million in four months of service. With the help of PayPal, the accounts of charitable organizations that help Ukrainians around the world received half a billion dollars.
The Ministry hopes that the next step in cooperation with PayPal will be the launch of business accounts that Ukrainian entrepreneurs are waiting for.