PayPal – A digital wallet services which allow users to transfer money to & from any company or person all over the globe. It is a matchless service that assures the safest money transactions. It is one of the greatest blessings for traders or freelancers but unluckily, the people of Pakistan are unable to get perks from this amazing service as PayPal doesn’t work in Pakistan. Approximately 95% of online businesses are associated with PayPal due to which our people are facing lots of problems.
What are the potential reasons behind this? There are two basic reasons for this. The first reason is the strict rules & regulations by state bank of Pakistan and the second one is a number of internet scammers from our country, which have defamed our country’s name.
Asad Umar has finally announced that he wants PayPal in Pakistan
Asad Umar, the Finance Minister of Pakistan has given a time period of four months to IT minister to find out an alternative to PayPal in Pakistan or convince PayPal service providers to proffer their services in Pakistan too.
These services aren’t only for traders or freelancers but for the general public as well. For instance, if a Pakistani citizen wants to buy a book or something else from Amazon, he/she can’t. The reason is that he/she doesn’t have a PayPal account. This is something that needs instant attention because the people here are deprived of lots of things due to the absence of PayPal services.
Recently, Asad Umar has announced in his interview that he wants PayPal to be here in Pakistan because he has seen that the people here are suffering a lot due to this. He has cleared that he recently has discussed this matter with IT minister that we should work on this. Either we have to bring PayPal in Pakistan or we have to formulate its alternative so that the people couldn’t face any hardship due to this anymore.
Later, IT minister has told in an interview that he is soon going to meet PayPal CEO to talk about this matter. He mentioned that he will surely try his best to convince him to proffer their services here in Pakistan. But, at the same time, he also mentioned that if he doesn’t agree to this, they will altogether workout to bring some alternative to PayPal here in Pakistan. The freelancers in Pakistan are seen happy because at least there is someone who has talked about this issue. They are hoping for the best in this regard.
There are around 2, 00,000 freelancers in Pakistan who work with international clients and their estimated earnings are around $500 each. If PayPal comes here in our country, it will facilitate our freelancer community because, at the present, they are using non-banking channels to send/receive payments.
PayPal is proffering its services all across the globe in around 190 plus markets. We are hoping for the best that they soon decide to count Pakistan in their protracted market list in which they are proffering their services.