PayPal to allow users to send money to Ukrainians

Published

2 years ago

March 18, 2022

PayPal has expanded their services in Ukraine, with the company allowing users to send money to Ukrainians in the country as well as those seeking refuge across Europe

Previous rules only allowed Ukrainians to send money abroad but the new changes will allow Ukrainians to also receive funds and make transfers within the country.

This follows the Ukrainian government’s request to PayPal to make its services available to its citizens.

The country’s vice prime minister thanked the company on Twitter for supporting Ukraine and peace.

Only last week PayPal withdrew it services from Russia in a show of solidarity towards Ukraine.

The company has also said they will waive fees on transfers of funds to Ukrainian accounts and for those receiving funds in Ukrainian accounts until the end of June.

The money within the PayPal account an then be moved into the receiver’s local banked or can otherwise be used as a virtual Visa or Mastercard.

Since Russia invaded Ukraine, many anti-war supporters have searched for ways to help those in the Eastern European country.

Some have booked Airbnbs in the country or sent cryptocurrencies, with money transfer companies including Western Union seeing demand skyrocket.

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending