RAMALLAH, West Bank : Palestinian activists have accused PayPal Holdings Inc of discrimination for not allowing Palestinians in the Israeli-occupied West Bank and the Gaza Strip to link their bank accounts to its digital payment platform.
"With PayPal not operating in Palestine, it's like another checkpoint that's stopping us from moving," website designer Rafiq Hamawi said, referring to Israeli checkpoints in West Bank territory it captured in the 1967 Middle East war. "Without the international brand recognition and versatility of PayPal, Palestinians are still lacking the necessary access to financial markets to improve their economic situation," it said in a report.
The PMA has said it is taking steps to thwart fraud and money laundering in online payments. These include implementing recommendations from the Financial Action Task Force, a global financial crimes watchdog. With unemployment hovering around 17per cent in the West Bank and 48per cent in Gaza, many Palestinians have turned to freelancing online or launching local digital ventures to get by.
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