Egypt’s PayPal merchants can now sell internationally

Egyptian PayPal users can receive payments via their PayPal account from buyers in 203 markets, PayPal announced last week.

They can also transfer their PayPal funds to their bank account through a local Visa payment card or through a USA Bank account.

The digital payment firm noted that Egyptian businesses can now sell to millions of PayPal customers worldwide, opening up new sales opportunities. It will also allow consumers around the world to use their PayPal account to buy from merchants in Egypt.

“This move comes as a recent global study for PayPal conducted by research company Ipsos reported a surge in online and cross border trading, illustrating the scale of potential export opportunities for Egyptian companies,” PayPal revealed.