Committee formed to launch PayPal in Bangladesh: PM

A committee has been formed to launch the international online payment service PayPal in Bangladesh, Prime Minister Tarique Rahman has said.

The prime minister disclosed the information during the question-answer session of the National Parliament on Wednesday, April 15.

He said necessary initiatives have already been taken to ensure the effective operation of hi-tech parks and ICT centres and to launch PayPal's operations in the country.

The government is working to introduce the international payment gateway PayPal in Bangladesh, and a committee has been formed for this purpose, the prime minister informed parliament.

PayPal has previously expressed interest in operating in Bangladesh on several occasions. Progress was also seen on this issue during the tenure of the previous interim government.

Former Bangladesh Bank Governor Ahsan H Mansur had said PayPal would begin operations in Bangladesh, with the primary goal of facilitating easy international transactions for freelancers, e-commerce entrepreneurs and the IT sector.

PayPal is a digital payment service used in more than 200 countries worldwide for sending and receiving money online, paying bills and making international purchases.