Payment system PayPal will start from September 17 to work with rubles

The world's largest payment system PayPal c September 17 will pay for purchases in shops, accepting payments, transfer money to the accounts of other users, and output them through bank accounts in rubles, said in an interview regional director of PayPal in Russia, Vladimir Malugin.

PayPal in May this year was licensed non-bank credit organizations (NGOs), the Central Bank of the Russian Federation. The license allows Ltd. "Paypal Ru" to carry out operations in rubles and foreign currency. Until now, users in Russia could fund your PayPal account and pay it over to foreign companies, but could not carry out operations in rubles and transfer money through Russian banks. 

"Since September 17, users can make purchases through PayPal in rubles, send and receive money in rubles, as well as transfer funds in rubles on their accounts in almost any Russian bank", — said Malugin. Registered PayPal users will soon receive an email with information on new developments.

Transfer money to their accounts in Russian banks will be able to both organizations and individual users, an additional fee for that PayPal will not be charged, as well as not to set a limit on the transferred funds reported Malugin. To do this, log in to your PayPal-account using your bank account, amount, and wait for confirmation.

According Malyugina, innovation also allows Russian online stores free to use PayPal for payments to buyers. PayPal in talks with major Russian online retailers on the implementation of the payment system, the source said, but did not specify, however, the list of potential partners.

"In a joint study with Nielsen, we found that Russia is in the top 5 fastest growing export market for the country — the largest online retailers in the world. So we have very ambitious plans," — said the head of the Russian office of PayPal. PayPal active audience in Russia has more than one million users around the world — more than 130 million. RR will be the 26th currencies, which operates the payment system.

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