Global payment service PayPal wants to begin operating in Bangladesh soon, aiming to connect small entrepreneurs to international markets, Bangladesh Bank Governor Ahsan H Mansur said on Tuesday.
"The international digital payment platform PayPal wants to do business in Bangladesh. Through PayPal, our small entrepreneurs will be able to sell products and receive payments from international markets much more easily," he said in a ceremony at the InterContinental Hotel in Dhaka.
He added that small entrepreneurs cannot follow the LC procedures through banks to sell small consignments.
"Through this new international payment platform, they will be able to send products to various countries including Europe and America."
The governor noted that at present, due to the lack of such a platform, many people involved in outsourcing face difficulties in receiving their payments from international markets, and in many cases, they do not receive their payments at all.
PayPal is a global digital payment service that allows users to send and receive money online, pay bills, and make international purchases.
The platform securely links with a user's bank or card to complete transactions quickly.
It offers buyer and seller protection and refund facilities.
PayPal is widely used in more than 200 countries for freelancers, online businesses, and international payments.
Source: TBS
Bd-pratidin English/ ANI
