According to Mustafa Kamel Attia, the managing director of Link Online, a company that owns and operates a network of websites in the MENA, PayPal’s launch in the region is a positive addition to the market as it will reassure the people who are afraid of putting their credit card details online.
E-commerce in the MENA region has reached USD 9 billion in 2012 and is projected to reach USD 15 billion by 2015.
In recent news, PayPal has acquired US-based start-up Iron Pearl in order to serve and increase its more than 123 million active PayPal customers around the world.
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