PayPal adds option to receive money transfers to PrivatBank bank cards

12:47, 18.03.2022 1 min read

The global financial service PayPal has added the option to receive money transfers to bank cards of the state-owned PrivatBank (Kyiv), the bank's press service reported on Friday.

According to the report, such a service will work for Ukrainians in Ukraine and abroad.

In addition, during the period of hostilities, the company is temporarily waiving its commission for customers who send funds to or receive funds in Ukrainian PayPal accounts.

"Clients of PrivatBank will be able to transfer funds from a PayPal wallet to Visa and MasterCard credit or debit cards without additional fees," the bank's press service said.

According to the statistics of the National Bank of Ukraine, as of January 1, 2022, in terms of total assets, PrivatBank ranked first (UAH 582.851 billion), and Oschadbank ranked second (UAH 249.938 billion) among 71 banks operating in the country.