The incumbent Pakistan Tehreek-e-Insaf (PTI) government has been making efforts to introduce the online payments giant, PayPal, in the country after increasing pressure from the freelancers.
The local freelancers, who work on multiple online platforms, often find it difficult to withdraw funds and receive money from their international clients, which is the reason why they have to opt for other less desirable payment gateways.
PayPal is also an extremely popular online wallet for e-commerce related activities, providing its own dispute resolution system and security.
PayPal, which works in almost all parts of the world, hasn’t been introduced in Pakistan for unknown reservations by the company. The previous governments have also tried to convince the higher-ups of PayPal to start operations in Pakistan, however, they failed to meet PayPal’s requirements.
The Senate Standing Committee on Science and Technology has been informed on Monday that a “major development can be expected in two weeks”.
The Ministry of Science and Technology Secretary, Nasim Nawaz, briefed the committee on the update, saying:
The policy related to PayPal is at the advanced stage and important development is expected in the next two weeks.
He reiterated the government’s resolve to bring PayPal and other related online payment gateways to Pakistan to facilitate the freelancers and others using such platforms for fund transfers.
Jamaat Islami’s Senator Mushtaq Ahmad shared his view before the committee that without such payment systems, a country could not boost its trade.
Do you think the government will be successful in convincing PayPal to come to Pakistan? Let us know in the comments section.
If they can bring paypal to Pakistan. They will do indeed a greater Good.
It’s a fantasy. We are in the FATF grey list and the country is infamous on the global stage as a sponsor of extremlsts. There is no way Paypal will come to Pakistan. It will threaten their entire business.
even if they try by heart, alipay can enter pakistan easily, china is our friend afterall
We need foreigners do even this simple thing for us. We can’t make our own unified payment gateway.
or this is what we are asked to believe. Anyone who has lived in China knows that this cannot be true. Hypocrisy is that we raise voice for kashmir/palentine but no one speaks of Uighur Muslims detention. Or we could look at Hong Kong.
Pakistanio, be prepared for a thrashing of lifetime by our so called friends in next 5 years.
How about we improve our local banking structure first and stop the hacking of consumer data.
We can’t imagine at least, for now, because all the banks are filled with RATTA graduated useless tech managers.
It’s Super Good Job Essentially, it will bring millions of jobs Millions of people will get jobs People’s business will grow faster .
Necessity is the mother of invention, good chance to put own system on world stage. Who gives miracle happens
Paypal is already established platform, if we create our own platform, that will take time.
instead bring alipay and other online payment system. Paypal tata uthwa rae hain.
Do you even know what you are talking? Alipay is neither accepted worldwide nor preferred by most customers in USA or Europe, paypal on the other hand is the most popular, secure and preferred system in the world. Instead of making stupid comparisons first understand the difference between these two.
My kids and many other freelancers are facing trouble in getting their payments as through other means they have to pay,I think 20% on each transaction they have to receive from the international client..Freelancers are all in hurdles why the government could;t relax on their own parameters of payment.
After apply 20% commission upwork dollar rate is 148 Rs today while payoneer is giving 154 Rs, they are looting freelancers.
PayPal was officially also invited by SBP twice in 2005 and 2006 but they did not agree as Pakistan was not in their plan. However, I would strongly recommend the government to introduce laws and regulations for Data Protection and E-Commerce immediately to alleviate their concern. Further Money Laundering Act must include electronic payment systems as well.