PayPal Suspends Activities in Turkey Following Regulatory Impasse
Posted: Mon May 30, 2016 2:25 pm
The Turkish ecommerce market is primed for a shakeup after Turkish regulators rejected PayPal’s license applications, which will result in the ceasing of all activities with the payments specialist in Turkey starting next week, according to a PayPal statement.
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PayPal’s business is officially slated to go dark on June 6 next week, whereby ceasing its activities across all of Turkey. In doing so, users will not be able to send and receive money via their PayPal accounts, however balances ... (read more)