Lifting PayPal’s restrictions in the West Bank and Gaza would provide 42,000 Palestinian graduates a year with new work opportunities and benefit the Palestinian economy, campaigners say
When Zakaria El-Shekhreet graduated in literature and translation in Gaza, he knew freelancing for international clients would be one of his best options to find work in the besieged enclave.
“We can receive payments via [wire transfer services] sometimes, but not all of us are able to get large amounts of money and the payment could have to be split into two or three transfers, each time paying fees.” “There’s no reason [for PayPal] to not work in Palestine unless there is some kind of political decision,” Nadim Nashif, the director of 7amleh, the organization leading the campaign, told TRT World.
“The Palestinian Monetary Authority has been working with the US Treasury for a few years now to lift the Palestinian banking system to international standards,” Nashif explained, adding that the Palestinian Authority has also been implementing a national plan to improve its regulatory position and promote the use of electronic payment methods. “In the opinion of many economists who are following this closely, the system is ready.
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