Reportedly German banks blocking PayPal payments worth in the double-digit billion range - local press
Wednesday, August 27, 2025 6:36:58 AMEST
- PayPal said to have failed security systems that are intended to filter out fraudulent payments
- Follow Up 7:56AM ET: Germany Finance Ministry: Regulator BAFIN in contact with counterparts in Luxembourg regarding report of withheld transfers
**Link: https://www.sueddeutsche.de/wirtschaft/paypal-sicherheitsprobleme-banken-milliarden-zahlungen-li.3303912?
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- Follow Up 7:56AM ET: Germany Finance Ministry: Regulator BAFIN in contact with counterparts in Luxembourg regarding report of withheld transfers
**Link: https://www.sueddeutsche.de/wirtschaft/paypal-sicherheitsprobleme-banken-milliarden-zahlungen-li.3303912?