МІНІСТЕРСТВО

ЕКОНОМІЧНОГО РОЗВИТКУ

І ТОРГІВЛІ УКРАЇНИ

(Мінекономрозвитку України)

вул. М. Грушевського, 12/2, м. Київ, 01008

Тел. 253-93-94, факс 226-31-81

Web: http://www.me.gov.ua

Код ЄДРПОУ 37508596

MINISTRY OF ECONOMIC

DEVELOPMENT AND TRADE

OF UKRAINE

M. Hrushevskoho str., 12/2, Kyiv, 01008

Tel. 253-93-94, fax 226-31-81

Web: http://www.me.gov.ua

_______________ № _____________

На № ___________ від ___________

Mr. Damien Perillat

General Manager Central & Eastern Europe at PayPal

11 June 2015

Dear Mr. Perillat

The Ministry of Economic Development and Trade of Ukraine would like to invite you to

visit Ukraine and consider the opportunity to enhance the geographical presence of PayPal

by launching operations in our country.

PayPal is a world leader in online payments with more than 153 million accounts worldwide

and is present in 190 markets. Unfortunately, at this time, Ukraine, the state with

approximately 45 mln inhabitants, the Associate Member of EU, is still not on the PayPal

map. As the Ministry of Economic Development and Trade, we see great social demand in

quality online payment services in Ukraine as the country has a vibrant IT-outsourcing

community. In addition, we believe that by adding such a significant market as Ukraine to

your portfolio, PayPal will even further enhance its leading presence in global ecommerce.

Ukraine has all the necessary infrastructure for a quick launch of PayPal: deep penetration

of banking services, high share of population with payment cards (VISA, Mastercard),

sufficient and fast-growing penetration of Internet services etc.

We have already created a working group, consisting of leading players of IT industry,

National Bank of Ukraine, Ministry of Economic Development and Trade, Baker &

McKenzie and Deloitte, to deal with PayPal implementation in Ukraine. In addition, we are

working on changes to the legal framework in order to create favorable conditions to

facilitate market entry for global payment systems.

The Ministry together with National bank of Ukraine are ready to provide PayPal with all

necessary information that could be required to make a decision regarding launching your

services in Ukraine and will provide all kind of support in opening its operations.

We would be grateful if you let us know your decision regarding a visit to Ukraine. Please

contact us for further discussion at: nefyodov@me.gov.ua

Yours sincerely, Aivaras Abromavicius

Minister