PayPal sides with Ukraine: here is the initiative

Solidarity actions continue towardsUkrainethis time to come forward is the well-known platform PayPal, currently engaged in a campaign to expand its services to allow it to support the Ukrainian population by sending sums of money. Let’s take a detailed look at how this initiative works.

PayPal for Ukraine

Just in the past few hours, PayPal announced that it has launched an initiative to expand its services, so as to allow users to send money to Ukrainians, Ukrainian customers who receive money in their PayPal wallet will be able to transfer funds to their own. bank account by linking an eligible Mastercard or Visa debit or credit card.

The company further explained that, to express even more solidarity with the invaded nation, it will temporarily waive fees for customers who send funds to Ukrainian PayPal accounts or who receive funds on Ukrainian accounts until 30 June. Not surprisingly, during the past few days, PayPal announced that starting today, March 18, it blocks all electronic payments from Russians.

The announcement of the new measures in favor of the Ukrainians comes precisely in response to an explicit request by the government of Kiev to the payment companies, which have been asked to launch new services that allow citizens of the country to receive access to money.

Ukrainian Minister of Digital Transformation Mykhailo Fedorov thanked PayPal on Twitter, sharing the company’s letter announcing the new measures.