PayPal has announced the introduction of the Philippine Peso, allowing Filipino buyers and sellers to send, receive and hold a balance in local currency. This is actually a good news to all the Filipino merchants who use transactions in our own currency. There’s no need to convert American US Dollars to Philippine Peso.

“PayPal’s goal is to provide our members with a secure, fast and convenient way to pay and get paid online,” said Mario Shiliashki, General Manager of PayPal Southeast Asia and India. “The introduction of the Philippine Peso will make domestic ecommerce easier and more convenient for buyers and sellers in the Philippines and is well timed for the holiday season!”

This is the best time this Christmas season to use Paypal. All transactions in purchasing items like cigar, gadgets would be easier this time.

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This entry was posted on Tuesday, November 10th, 2009 at 11:21 am and is filed under Business and Marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.