KYIV. June 26 (Interfax-Ukraine) – The Economic Development and Trade Ministry of Ukraine has sent an official letter to the top managers of the PayPal international payment system with an invitation to enter the Ukrainian market, the ministry said on its website.
Previously, the ministry with the support of the IT business community in Ukraine formed a working group which also consists of representatives of the National Bank of Ukraine (NBU) and businesses, in particular, the consulting companies Baker&McKenzie and Deloitte.
“In June the ministry sent an official letter to the senior manager for Central and Eastern Europe at PayPal, where the ministry calls on the company to respond to the request of the Ukrainian IT community and enter the Ukrainian market. According to the letter, Ukraine has all the required infrastructure for the quick launch of PayPal, as well as a developed bank chain and a large number of payment card users,” reads the report.
The ministry said that it would promote the processes of amending legislation to create favorable conditions for PayPal to enter the Ukrainian market.
