PayPal launched in Egypt last year and Lebanon was supposedly next on the list. However, and as per their reply to Jad from the JRExpress, “there are no reasons per se why PayPal is not launching Lebanon, it’s just a matter of priorities”.
My name is Laurent Wakim and I am in charge of PayPal’s business in the MENA region.
As my colleague explained to you, when we announced the launch of PayPal services in Egypt in May, there was a misinterpretation about Lebanon’s launch. In 2012, PayPal decided to have a dedicated team focusing on the MENA region. As part of the priorities, expanding our geographic footprint is among the most important ones. That’s why we launched our business in Egypt.
Lebanon is an important market to us (and to me being Lebanese) however when PayPal looks at new opportunities, we need to prioritize them and they compete against other initiatives whether new products, new geographies, …etc. So while enabling Lebanon remains a priority for us, we don’t have any timeline that we can share. There are no reasons per se why PayPal is not launching Lebanon, it is a matter of priorities.
My best regards.