PayPal Seeks Permit to Operate in Russia, RBC Daily Reports

EBay Inc. (EBAY)’s PayPal (PYPL) applied to Russia’s central bank for a permit to set up a local unit, for electronic cash transactions in Russia, RBC Daily reported today, citing people it didn’t identify.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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