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PayPal Stops Processing Payments In Turkey

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PayPal Stops Processing Payments In Turkey, PayPal has announced the suspension of all business in Turkey, http://myonlinebiz4u2.com/, The online payment company’s failure to acquire a newly formulated payments license in the country. After the Turkish government took the stance to bring tech businesses under more localised control, http://myonlinebiz4u2.com/, PayPal currently distributes its systems over several global hubs.
Home Digital Marketing Tips / Online Business PayPal Stops Processing Payments In Turkey
Published on June 12, 2016

PayPal Stops Processing Payments In Turkey

PayPal made an announce of the suspension of all business in Turkey. The online payment company’s failure to get a new payments license formula in the country. After the Turkish government took the stance to bring tech businesses under more local control. PayPal distributes currently its systems over several global hubs.  

 PayPal Chip Card Reader (EMV ) Accepts Payments with Magnetic Stripe, Chip Card, Contactless, or Apple Pay

Digital Marketing News:  3rd June 2016 PayPal made the announce it’s suspension of all business in Turkey. After the online payment company’s failure to get a new formulation of payments license in the country. After the online payment company’s failure to get a new payment license formula in the country. The Turkish government took the stance to bring tech businesses under more local control. New rules were to introduce a demand to force companies to make their IT systems local. PayPal currently distributes its systems over several global hubs. In a statement, PayPal said that “supporting [its] customers was very important”. That it had no choice except to “suspend processing payments in Turkey” due to the required licence refusal. But customers will still be able to withdraw their money.

Suspension of payments will affect many thousands of businesses & hundreds of thousands of people across the cDigital. As a result, of the online payment company’s failure to get a new formula for payments license in the country.

Chinese Taxes…

Chinese tax authorities have turned back on new laws that would have seen tighter customs rules and higher taxes. Making business more difficult for international imports sold on Chinese ecommerce sites. The laws have been removed due to concerns that the higher tax rates would deter people from importing goods. Last month when the laws were introduced and Chinese social media was filled with images of abandoned goods in customs. People refuse to pay the higher taxes on their commands. Under the new rules, there were also more stringent approvals for edible goods and tighter regulations for imports through ecommerce. 

This was a prediction to decrease the growth of China’s already slowing ecommerce industry. Then there was a decision to finally reverse the laws. This, after figures revealed that the change had caused a 60% fall in ecommerce orders. In some areas, just 3% of the goods coming through the Zhengzhou pilot zone were completely had problems.

MasterCard Asia-Pacific…

The one-year postponement of the rules, announced last week after increasing pressure on China’s General Administration of Customs. Furthermore, MasterCard expands its financial facilities in Hong Kong, to help speed up the adoption of digital wallet services. Raj Dhamodharan, the group head for digital payments and labs at MasterCard Asia-Pacific. The company, aiming to offer “high-frequency transactions in market segments such as transportation, ticketing, and also food and beverage”. After launching its digital service ‘MasterPass’ to allow users to make purchases through mobile applications.

It is now available in 29 markets around the world, it’s growth in Hong Kong has been slow. This is thought to be due to Hong Kong’s residents being ‘highly concerned’ about online identity theft.

MasterCard’s reports on it’s own “Safety and Security Index” study. MasterCard will also soon have competition in Hong Kong though. American Express is also set to be launching with Apple Pay later this year. While it’s most noteworthy, that the online video services are growing almost everywhere in the Western world. A new survey from France shows that this has brought with it a sharp rise in online video piracy. And also, according to research from MediaMetrie. Also, that around a third of those who had access to online video streaming. At one or another had used a site that offered illegally pirated videos in the previous month. Of the estimated 46.5 million people that make up the online video audience.

There were 14.1 million of them had watched videos illegally. And that males were more likely to use illegal sites, making up 56% of the total. While only 10% were students.

Kenya Online…

And finally, half a million Kenyans are due to benefit from plans to bring online the country’s public libraries. Due to the increasing demand for internet connection in Kenya. Each of the 46 branches of the Kenya National Libraries Service will be Online. They will receive new computers, tablets and access to fixed and wireless internet. According to Ben Roberts, CEO of Liquid Telecom Kenya, “Connecting public libraries means everybody will have access to online information. There will also be e-government services, research, education services and employment opportunities”. The internet will be free of charge within the libraries and will be available to all members.

The 100,000 members of the Nairobi head library are also included.


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