The Government of Pakistan is trying to bring Paypal in the country, said Minister of Commerce Khurram Dastgir. The minister claimed that the government is working with state bank to pave way for the international payment gateways.
While talking to the business community in Sialkot, the minister said, “ Government is taking all necessary steps to bring international payment gateways such as Paypal to Pakistan.” He further asserted “ Government wants to digitize the economy of the country that is why we need international payment gateways in Pakistan”.
The business and freelance community of Pakistan were trying to persuade the government to bring Paypal to Pakistan, enabling them to send and receive payments with ease especially while engaging with the foreign clients and agents.
What is Paypal
PayPal is an American online payment service working across the globe. It is a digital alternative to checks and money orders.
What benefits would Pakistani businessmen and Freelancers get if Paypal comes to Pakistan
- Business and Freelance community would be able to do the transaction of money with just a few clicks either from their PC or smartphone.
- People of the country would be able to send and receive money from overseas.
- Transactions would be faster.
Moreover, the Government has recently signed a MoU with Alibaba, the e-commerce giant of China. Minister of IT and Telecom Anusha Rehman had announced previously that Alipay will be working in Pakistan soon. It is a venture of Alibaba.
Alipay is an online payment solution just like Paypal. Alipay is biggest online payment solution in China and much payment in the country are processed through Alipay.
Feature image source: AOL.co.uk