Significant development regarding PayPal is expected in the next two weeks-Secretory Nisam Nawaz

PayPal will help Pakistan to boost online economy of the country.

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  • Pakistan’s 25 million and plus users are facing common problem of unavailable PayPal services to them.
  • The current government of Pakistan is very close to bring PayPal to the country.
  • PayPal and other payment gateways will soon be introduced in Pakistan- Government

PayPal

 

Over recent years, PayPal has become a global standard for fast money transfer for its user and B2C transactions.

Pakistan’s 25 million internet users are facing a common problem of unavailability of PayPal services.

Freelancers offer their services to platforms like Upwork and fiverr. Medium to large businesses use services like wire transfer for the transaction, the problem lies with the individual freelancers and small businesses.

Wire transfers are expensive for frequent transactions for many users, particularly when a person is dealing with low transaction value.

Major payment gateways like PayPal do not offer their services in Pakistan. However, there is a piece of good news for Pakistani’s as the PTI government is very close to bringing PayPal to Pakistan. PayPal will help Pakistan to boost the online economy of the country.

PayPal is coming

The government has informed the parliamentary panel on Monday, PayPal and other payment gateways will soon be introduced in Pakistan.

Senator Mushtaq Ahmad while talking to the committee inquired about why Pakistan is still struggling to have access to PayPal. In addition to that, he further added that the online economy of Pakistan could not be boosted without a payment system like PayPal.

Secretory of the Ministry of science and technology said, “The policy related to PayPal is at the advanced stage and important development is expected in the next two weeks”. Secretory Nisam Nawaz notifies while briefing the Senate Standing Committee on Science and technology.


Also See: ‘PakistanPostShop’ – Post’s Innovative Economic Platform Now Supports 1,500 Entrepreneurs

What are your views on this? Share with us in the comments bar below.

  • too many news since the start – i know it’s a process
    but our attempts at this process is making us loose boost that us freelancers can bring for our country.

    If we can get some proactive govt representatives on this matter that’d be great.

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