PayPal Bails Out Of Russian Domestic Payment Services

PayPal sign at its corporate office

Russian news agency TASS reports that PayPal is changing its business model in Russia, citing details from a letter PayPal sent to the Russian Central Bank which Tass reviewed. According to the report, PayPal will stop offering payment and money transfer services between Russian users by August and focus on cross-border trade instead. Furthermore, PayPal […]