PayPal is launching in Lebanon and Egypt
Paypal is fully enabled – meaning buyers and sellers with locally issued bank accounts can do complete transactions – in the GCC and Jordan. In Yemen, Morocco, Tunisia and Algeria
In an interview with ArabNet founder and CEO, Omar Christidis, Ghanem said that e-commerce in the MENA region was a $9 billion industry in 2012 and is projected to reach $15 billion by 2015.
PayPal currently has a 5 percent share of the market and aims to raise its share to 10 percent in the next three years.
Via Daily Star