PayPal recently announced two new services for its Malaysian members: support for payments in Ringgit Malaysia and a new bank withdrawal feature that enables members to transfer money from their PayPal account directly to a Malaysian bank account. These new services give Malaysian buyers and sellers the option to pay and get paid in local currency for their domestic transactions, as well as Malaysian sellers to gain fast and convenient access to their funds – ultimately making ecommerce even easier.

By offering sellers a low-cost option to accept payments online and now the ability to get paid in local currency and transfer funds quickly and easily, PayPal helps Malaysian entrepreneurs grow their businesses online by driving increased buyer appeal while greatly improving their cash-flow. The support for Malaysian Ringgit also offers Malaysian buyers a secure and easy way to pay online for their local purchases. Ensuring convenience, choice and security is critical to the success of enabling greater adoption of ecommerce for Malaysian consumers and businesses transacting within Malaysia and across borders.

For more information, please visit https://www.paypal-apac.com/my/launch/index_main.html.