PayPal to close Malaysia operations by year-end, offers staff VSS

PayPal to close Malaysia operations by year-end, offers staff VSS

The PayPal logo is seen during an event at Terra Gallery in San Francisco, California May 21, 2015. REUTERS/Robert Galbraith

US-based online payment giant PayPal announced that it is closing down its Malaysian operations and has initiated a voluntary separation scheme (VSS) for its local employees starting April, it said in a statement on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter