PayPal To Discontinue Personal Payments Service In Malaysia On 4 June

If you have been using PayPal to transfer personal funds to your friends and relatives, we have a bad news for you: the service will be discontinued in Malaysia very soon. Said to be taken as part of their business strategy to focus on commercial transactions, the move will take place on 4 June.

Once that date arrived, PayPal users in Malaysia will not be able to make personal payments to either local or oversea users. That being said, Malaysian PayPal users will still be able to receive personal payments from users in markets where Personal Payments service is still available.

The discontinuation of the PayPal’s Personal Payments service is indeed identical to what happened in Singapore back in February although over there it was due to regulatory requirements rather than strategy alignment. For further clarification, check out the media statement and brief FAQ that PayPal have sent to us through the Read More link below.

Read More: http://www.lowyat.net/2013/05/28/8469/paypal-to-discontinue-personal-payments-service-in-malaysia-on-4-june/

PayPal To Discontinue Personal Payments Service In Malaysia On 4 June