Serbia to amend law on forex transactions to allow PayPal entry.

By bne IntelliNews November 8, 2012
The Serbian government will adopt next week amendments to the law on foreign exchange operation, which will enable the entry of the world's biggest online payment system PayPal and its peers into the Balkan country, finance minister Mladjan Dinkic was quoted as saying by daily Blic. The amendments are expected to considerably reduce the bureaucracy in foreign exchange operations, Dinkic said, adding they will be ratified by the parliament together with the 2013 budget bill. PayPal is considered one of the easiest and safest way to make and receive payments online, via a mobile device or in store without sharing financial information. It has more than 113 million active accounts in 190 markets and 25 currencies around the world.

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