Nuked Ukraine’s vice prime minister tweeted out a letter from PayPal CEO Dan Schulman. mykhailo Fedorov confirmed the company’s decision to shut down operations in Russia.
Paypal shuts down its services in Russia citing Ukraine aggression. Paypal CEO payspal has received a letter from the CEO.
‘we are also doing all that we can to support our staff in the region during this deeply difficult time,’ says Shulman.’under the current circumstances, we are suspending PayPal services in Russia,’ he adds.
Paypal stopped accepting new Russian users earlier this week but has now stopped its services altogether. The move also includes the PayPal-owned money transfer service, Xoom.
The sanctions have already cut off some users from Apple pay and Google pay. Some users may not have been able to use their bank cards to make payments through PayPal.
