PayPal will finally launch in Lebanon and Egypt in 2013, the general manager of the online payment gateway, Elias Ghanem, announced Thursday at the ArabNet conference. In an interview with ArabNet founder and CEO, Omar Christidis, Ghanem said that e-commerce in the MENA region was a $9 billion industry in 2012 and is projected to reach $15 billion by 2015. PayPal currently has a 5 percent share of the market and aims to raise its share to 10 percent in the next three years.