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PayPal Officially in Egypt

PayPal Officially in Egypt

[dropcap style=”2″ color=”#f50a0a” text=”W”]ith 100 Million Arab users online, PayPal is expanding in the region and become available in Egypt and soon in Lebanon.

Paypal, The world’s most famous online payment platform [a wholly owned subsidiary of eBay Since October 3, 2002] after many years of blocking it’s services in some Arab countries [includes: Egypt, Lebanon, Morocco,Yemen, Tunisia and Algeria] due to security issues.

Today, Egyptians can sign up for PayPal accounts (Individual/ Business) and use the online payment service in their own country. And this should pave the road for new era of e-commerce for Egyptian SME’s

PayPal-Egypt

Egypt listed in countries available on PayPal

 

Though the prevalence of cash-on-delivery in the Middle East delayed the roll-out of PayPal in the MENA region, the trend now appears to be shifting.

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 5% share of the market and aims to raise its share to 10% in the next three years.

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