RHB Bank unveils new PayPal services

  • TECH
  • Wednesday, 20 Oct 2010

KUALA LUMPUR: RHB Banking Group is collaborating with online payment platform PayPal to offer two new payment services to its customers.

Called Top-Up and Send Money, the services can be accessed via RHB’s Internet banking site and is available for all its users.

Like the name suggests, Top-Up will allow customers to top-up their PayPal account via funds in their current or savings account.

Top-Up for RHB customers happens in real-time, making it fast and convenient for customers to get online and start shopping, the bank said.

The bank’s customers will also enjoy special PayPal merchant deals using WorldMart, an exclusive RHB online marketplace where users can browse products from over a hundred different online merchants selling a variety of products including electronic items, fashion and cosmetics and toys.

The Send Money service allows RHB Internet banking customers to send funds securely from their bank account to friends, family and businesses using only an e-mail address.

Upon receiving the e-mail from the payee, the receiver can then deposit the funds immediately into their PayPal account or open a PayPal account to accept the transfer if they don’t already have one. The receiver can then either use the funds for their next online purchase or withdraw the money from RHB Bank or any supported bank for a fee.

PayPal says the service will support both domestic and international payments to 76 countries.

The Top-Up service is available now while the Send Money service will be available from Oct 26 onwards.

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