PayPal wins reprieve from local regulators
Business as usual for existing account holders while company works out compliance details
PayPal has won a reprieve from local regulators and says it will be business as usual for existing customers of its consumer and business services until the end of the year.
By then, the international payments company hopes to be in full compliance with local regulations as it completes the transfer of its business to PayPal Thailand.
Earlier, the company had said it would have to suspend PayPal account services for consumers on March 7, while the accounts of freelancers, small-scale entrepreneurs and casual online sellers would have “limited functionality”.
“With the support of the Thai authorities,…
