Bank of Thailand and finance ministry delay PayPal suspension

PayPal Thailand must comply with KYC regulations by end of year, central bank says

Photo: Yaeli778/Wikimedia

The Bank of Thailand says PayPal will have a temporary extension to its operation, after failing to meet know-your-customer and due diligence regulations. 

PayPal was due to temporarily halt services from March 7 but will now be able to operate until the end of the year. 

Sirithida Phanomwan Na Ayudhya, assistant governor at the Bank of Thailand, confirmed the extension on March 4. Sirithida said PayPal must expedite its system for identifying and verifying customers to comply with the law by

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