PayPal in Pakistan is a dream, so far. Recently, Anusha Rehman, Minister of State for IT and Telecom said in a press conference that federal government is soon going to invite PayPal, Amazon and eBay to start their services in Pakistan. This has created a lot of hype and people are quite excited to learn about future of PayPal in Pakistan.
Although any such official invitation does not create any massive impact but it certainly marks a positive sign for these organizations. After the press conference, several media channels tried to contact with PayPal to seek their comment regarding its services in Pakistan. A PayPal spokesperson replied ValueWalk in this regard. According to him, the company sees Pakistan as a great opportunity. Here is the full reply of the email from the spokesperson,
As a global payments company, PayPal is constantly innovating and looking for new ways to meet the needs of our customers around the world. As we look at expanding our global footprint, we see Pakistan as a market with great opportunity, but we are not able to comment on future plans.
This is quite an affirmative response by the global payments company. However still, it will take at least couple of years for the company to initiate its operations in the country. Currently, PayPal is just considering its existing markets and focusing on India that has more potential customers. Till then, Pakistan should try to come with effective cyber laws against money laundering and other such issues.
A large number of freelancers are there in Pakistan for whom PayPal will definitely be a blessing. Currently, Pakistani freelancers rely on other alternatives are expensive and are not as effective. This can only be true if government takes real effective measures to ensure the safety of cyber entities. Uber is about to come to Pakistan and other companies i.e. AliBaba are also considering to launch. This certainly indicates the bright future of Pakistan’s eco-system!
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