Global online payment
platform PayPal has announced that it stopped operations in Turkey, as it could
not get the necessary license from local authorities, in a written statement on
May 30.
“As our license applications to local
authorities were rejected and the related authority wanted us to stop our
operations in Turkey, we need to take this decision,” said the company.
PayPal noted it would continue its efforts to take the required licenses in Turkey.
Customers in Turkey will not be able to send or receive money through their
PayPal accounts as of June 6.PayPal noted it would continue its efforts to take the required licenses in Turkey.
“Our customers can sign in their PayPal accounts and transfer their due balances, if any, in their accounts to their bank accounts in Turkey,” said the company, adding that further details could be found on the company website.
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