Well , how can you say it is banned?
First thing , it is not banned and the only problem is we cant send payments but just receive and you cannot send/receive money to others unless your account is verified by bank and PAN card details.
If you really want to send/receive money you can buy an stealth paypal account instead
Im from a country where paypal is banned ( India ) . I have debit card but no bank account . I cant do these following verification - add bank acc + pan card . So can i get money and send it to others ?