PayPal decided to stop its services in Turkey after 6 days

Jun

1

2016

The company decided to Paypal PayPal Financial Services stopped its services in Turkey after failing to meet the new requirements set by the regulation and control of banking body, and gave users a chance a week to complete the process of transferring their money.

The company said in the Home on the Turkish position that, on June 6 the next will not be able to any of their users in Turkey to send or receive money via a PayPal account.

Until that date will be able to PayPal users in Turkey access to their accounts only to transfer their money to a Turkish bank.

PayPal and explained the reason behind this decision is up to the new policy established by the regulation and control of the Turkish banking body, which prevents companies from obtaining the necessary license until the establishment of IT technology information center inside Turkey.

The company considers that these conditions are not possible in view of its approach with respect to information technology systems around the world.

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