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PayPal reluctant to expand in Ukraine due to country’s low investment rating

KIEV, January 26. /TASS/. PayPal international payment system will only expand its presence in Ukraine if the country gets "at least a minimum investment rating," Governor of the National Bank of Ukraine (NBU) Valeria Gontareva said in an interview with Novoe Vremya magazine.

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Currently the company only provides services on money transfer and service payment in Ukraine.

"They [PayPal] do not allow to accept payments. Why? Because of the country’s rating. But PayPal will definitely come to the country as soon as it gets at least a minimum investment rating," she said.

According to Gontareva, "the National Bank cannot pull off the economy alone and build a rating."

The talks between NBU and PayPal on services allowing Ukrainians to accept payments started in April 2016.

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