PayPal will put an end to personal payments in Singapore on February 20, online media outlet TechCrunch has revealed.

Whilst people will still be able to make commercial payments with their accounts and receive funds from PayPal users outside Singapore, fund transfers between personal accounts are expected to end.

This echoes what has happened in other countries – according to reports, in 2010 PayPal Japan’s personal account holders became unable to send or receive money to individuals.

Now they have to pay a business fee to make a transaction.

In the same year, PayPal users in Taiwan and Brazil reported that they too had stopped being able to make personal payments.

Related articles:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

NCR partners with PayPal on NCR’s mobile solutions

PayPal: No NFC in 2013