{"id":157617,"date":"2022-03-05T16:26:56","date_gmt":"2022-03-05T15:26:56","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=157617"},"modified":"2022-03-05T16:26:56","modified_gmt":"2022-03-05T15:26:56","slug":"paypal-shuts-down-services-in-russia","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/paypal-shuts-down-services-in-russia\/","title":{"rendered":"Paypal shuts down services in Russia"},"content":{"rendered":"<p>Payments company, PayPal Holdings Inc shut down its services early on Saturday in Russia, citing \u201cthe current circumstances\u201d.<\/p>\n<p>PayPal is joining other financial and tech companies in suspending operations there after the invasion of Ukraine.<\/p>\n<p>\u201cUnder the current circumstances, we are suspending PayPal services in Russia,\u201d President and Chief Executive Dan Schulman said in a statement.<\/p>\n<p>He added that the company \u201cstands with the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/02\/28\/south-korea-bans-export-of-strategic-materials-to-russia\/\">international community<\/a> in condemning Russia\u2019s violent military aggression in Ukraine.\u201d<\/p>\n<p>A spokesperson said the payment company will support withdrawals \u201cfor a period of time, ensuring that account balances are dispersed in line with applicable laws and regulations.\u201d<\/p>\n<p>PayPal, which had only allowed cross-border transactions by users in Russia, stopped accepting new users in the country on Wednesday.<\/p>\n<p>Ukrainian government officials had been calling on PayPal to quit Russia and help them with fundraising.<\/p>\n<p>The company said on Friday that \u201csince the beginning of the invasion, it has helped raise over $150 million for charities supporting response efforts in Ukraine, one of the largest efforts we\u2019ve seen in such a short period of time.\u201d<\/p>\n<p>PayPal\u2019s suspension in Russia also applies to its money transfer tool Xoom. Rivals Wise and Remitly earlier suspended some services in Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payments company, PayPal Holdings Inc shut down its services early on Saturday in Russia, citing \u201cthe current circumstances\u201d. PayPal is joining other financial and tech companies in suspending operations there after the invasion of Ukraine. \u201cUnder the current circumstances, we are suspending PayPal services in Russia,\u201d President and Chief Executive Dan Schulman said in a [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":157619,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[31721,2923,9139,18305,5843,857],"class_list":["post-157617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-paypal","tag-russia","tag-services","tag-shuts-down","tag-ukraine","tag-war"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Paypal shuts down services in Russia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/paypal-shuts-down-services-in-russia\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paypal shuts down services in Russia\" \/>\n<meta property=\"og:description\" content=\"Payments company, PayPal Holdings Inc shut down its services early on Saturday in Russia, citing \u201cthe current circumstances\u201d. PayPal is joining other\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/paypal-shuts-down-services-in-russia\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-05T15:26:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/03\/ify_davies\/2022\/03\/05\/paypal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Davies Ngere Ify\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@withinnigeria\" \/>\n<meta name=\"twitter:site\" 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