PayPal Puts An End To Personal Payments In Singapore

What's Next In Payments®
5:36 AM EDT February 19th, 2013

As of February 20, Paypal will stop allowing personal payments in Singapore. The move is motivated by regulatory concerns, according to Tech Crunch. Customers will still be able to carry out commercial transactions, but will no longer be able to transfer funds between accounts in the country. However, users will be allowed to receive personal payments from accounts registered outside of Singapore, as long as personal payments are allowed in that country, Paypal has revealed in an update to the story.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
B2B Payments
Reverse Lockbox for Banks
B2B Payments
Zapstich Raises Cloud Funding
B2B Payments
AP Software Interacts With Any ERP and Accounting System
Company Spotlight
Low Savings and Cash Flow Threaten US Microbusinesses, Study Says
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
Reverse Lockbox for Banks
B2B Payments
Zapstich Raises Cloud Funding
B2B Payments
AP Software Interacts With Any ERP and Accounting System
B2B Payments
eNegoiations Now Available
View All Articles ››