Payment –Paypal has slapped Russian users with an indefinite ban following their insurgence in Ukraine. The company has announced.
The online global payment firm made the announcement on Wednesday March 3 saying it had stopped accepting new users from Russia.
This is part of the sweeping wave of sanctions by European Union EU and US after Russian President Vladmir Putni invaded Ukrain.
Reuters reported that PayPal, which currently only allows cross-border transactions by users in Russia, had already blocked some users and some of the country’s biggest banks had also been drastically affected.
Ukraine’s deputy minister for digital transformation, Alexander Bornyakov, had earlier on called on PayPal to entirely block Russia from the services.
“If PayPal supports democratic values, it should go out from Russia,” Alexander told Reuters.
Official PayPal spokesperson told Reuters that the company, like many of its peers, is still actively navigating the implications of sanctions.
Payment companies Visa Inc, Mastercard Inc. and American Express Co. along with mobile payment providers Apple Pay and Google Pay, have since blocked multiple Russian financial institutions from the services.
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