Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
Advanced Search
The Daily Star
THURSDAY, 23 MAY 2013
05:57 PM Beirut time
Weather    
Beirut
29 °C
Blom Index
BLOM
1,210down
Home
           
Lebanon
Follow this story Print Email this RSS Feed ePaper share this
PayPal launching in Lebanon and Egypt
March 22, 2013 12:51 AM
The Daily Star
FILE - In this Thursday, March 29, 2012 file photo, a vehicle drives in front of the PayPal/eBay offices in San Jose, Calif. (AP Photo/Paul Sakuma, File)
FILE - In this Thursday, March 29, 2012 file photo, a vehicle drives in front of the PayPal/eBay offices in San Jose, Calif. (AP Photo/Paul Sakuma, File)
A+ A-

BEIRUT: PayPal will finally launch in Lebanon and Egypt in 2013, the general manager of the online payment gateway, Elias Ghanem, announced Thursday at the ArabNet conference.

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, customers can also open accounts to pay purveyors.

Though the prevalence of cash-on-delivery in the Middle East delayed the rollout 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 a 5 percent share of the market and aims to raise its share to 10 percent in the next three years.

 
A version of this article appeared in the print edition of The Daily Star on March 22, 2013, on page 5.
Home Lebanon
  		     
 
Paypal / Lebanon / Economics
Advertisement
Around the Web
Comments  

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus
Story Summary
PayPal will finally launch in Lebanon and Egypt in 2013, the general manager of the online payment gateway, Elias Ghanem, announced Thursday at the ArabNet conference.

PayPal currently has a 5 percent share of the market and aims to raise its share to 10 percent in the next three years.
Related Articles
 
 
 Is this the beginning of an e-retail revolution?
Entities
Advertisement
Most Popular
Viewed Searched e-mailed
1. General says Israel ready to attack Syria should Assad fall
 
2. Lebanese city in flames, truce proves elusive
 
3. Death toll from north Lebanon clashes hits 16
 
4. Southern suburbs receive dead from Qusair
 
5. Syrian rebels stay out of Tripoli fight
 
6. London attacker British, of Nigerian origin: source
Advertisement
Stay Connected  
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Multimedia
Images  
Pictures of the day
A selection of images from around the world- Wednesday May 22, 2013
View all view all
Advertisement
Star's Columnists  
Rami G. Khouri
Rami G. Khouri
A Hezbollah turning point in Qusair?
Michael Young
Michael Young
March 14 drifts away from the state
David Ignatius
David Ignatius
A struggle for positions precedes the Geneva conference
View all view all
Advertisement
Editorial Cartoons  
cartoon
 
Today's Paper  
Click to View Articles
BECOME A STAR FAN  
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2013 The Daily Star - All Rights Reserved - Designed and Developed By IDS