Payment news, April 13

PayPal suspends payments for Japanese users, while JBIC steps up financing facilities in Asia.

PayPal stops personal payments in Japan

Following Japan's implementation of new payment regulations on April 1, PayPal has halted payments from Japanese users to those outside the country indefinitely. Under the new requirements, the company must apply for a licence to offer personal money transfer services in Japan. Inbound and domestic payments were not affected by the changes.

Kosuke Seto, head of marketing at PayPal Japan, apologised for the service suspension on the company's blog.

In February, the payment provider suspended local bank transfers and personal payments in India. Services were resumed last month.

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