KUALA LUMPUR, Dec 10 — PayPal, a subsidiary of eBay Inc, has expanded its services in Malaysia with the introduction of support for payments in Malaysian ringgit and a new bank withdrawal feature that enables members to transfer money from their PayPal account directly to a Malaysian bank account.
The two new services give Malaysian buyers and sellers the option to pay and get paid in local currency for their domestic transactions, as well as Malaysian sellers to gain fast and convenient access to their funds, ultimately making e-commerce even easier, the company said in a statement today.
“The introduction of our bank withdrawal service will help ease the pain for Malaysian PayPal sellers and is just one of the testaments to the investment we are deploying across Asia as well as our commitment to bring innovative, safer and more convenient solutions to Malaysia,” PayPal Southeast Asia and India General Manager Mario Shiliashki said.
“With the new functionality, we’re also excited about the ability to further deepen our relationships with many of our existing partners, such as MOL AccessPortal Bhd, iPay88, NetBuilder, Neowave and SeatAdvisor,” said PayPal Asia Merchant Services Head Brad Paterson. MOL AccessPortal CEO Ganesh Kumar Bangah said his company would definitely benefit from the introduction of the services.
“We are happy PayPal has introduced bank withdrawal and ringgit options for customers in Malaysia as it will enable us to have better cashflow while improving convenience for our daily transactions,” he said. PayPal is faster, safer way to pay and get paid online.
The service allows members to send money without disclosing financial information, with the flexibility to pay using their account balances and credit cards. — Bernama