Attempts to change PayPal
Attempts to change PayPal
The good news for those who are concerned about the lack of PayPal service in Pakistan is that the government is working to provide international emergency services in Pakistan so that including PayPal. Pakistani citizens can use other services will also be able to buy and sell easily online abroad while freelancers will be able to get compensation for their work.
According to sources in the IT department, President Dr Arif Alvi has given the Department of IT Technology and relevant departments a one-month deadline to launch an international payment system like PayPal in Pakistan. Work is underway to open the payment gateway.
No PayPal Prohibition in Pakistan: Minister of Public Finance
Will PayPal arrive in Pakistan?
PayPal has rejected a request to visit Pakistan
According to the IT chief executive, tenders will be opened in the next few days to enter into an agreement with international companies on a new payment system and Pakistani consumers will be able to use other international payment methods, including PayPal.after the agreement
With the approval of the International Payment Gateway, Pakistanis will be able to send money globally and receive foreign exchange for their products and services.
According to sources, the operation of another PayPal was launched in Pakistan last year after its dissolution and the launch of the International Payment Gateway was also a key element of e-commerce policy. Commercial and global IT boards disagree on some points. However, President Arif Alvi has given a one-month deadline to all institutions to approve and establish this facility in Pakistan so that the real benefits of e-commerce can reach even small businesses.
Important features of New Payment Gateway
When contacted by Urdu News about this, Shabahat Ali Shah, CEO, National IT Board (NITB), said the new payment system would give Pakistani consumers the opportunity to easily operate in global markets. The international payment gateway will be connected to MasterCard, AliPay Visa.and paypal
Bilal Abbasi, Director of IT at the Department of Technology, told Urdu News that currently, Pakistanis use Visa or Mr Card to do anything to buy or sell globally, but the problem is it is not real digital. And for their work they cost a lot of money.
PayPal, costs between 7 to 10% notes and the amount received, which is a very high amount. We are trying to work with an international company that charges Pakistani consumers about 4% and provides them with better services.
Bilal Abbasi hopes the new service will be of great help to Pakistani consumers, freelancers and entrepreneurs.
"We must have install our grid, have our own gates and work with an international company, after which money from land payment schemes will be able to come to our payment gateway."
Apart from this but Pakistani customers will be able to send money to their bank account via PayPal and transfer money to foreign banks. It is as if the PayPal service will indirectly help Pakistanis.
Similarly, non-Western Union alternatives will also be able to withdraw Pakistani currency from their account.
Bilal Abbasi said in a few days, SBP, FBR, IT Department and NITB will process tender details, after which companies will be invited to submit their offers.
Asked if any international company would agree to come to Pakistan, the Director of Information said that for the last time such an effort was made, about five companies had shown interest and there was no problem with this. I will.
"We are trying to bring the best payment system in Pakistan based on our experience around the world."
Why did the attempt to deliver PayPal fail?
It can be recalled that last year the government's attempts to persuade PayPal to come to Pakistan in the United States failed and the company finally told the government that it would no longer offer its services in Pakistan. To bring
In this regard, a team from the Information Technology Department in Pakistan visited the United States to hold talks with company officials to persuade the company to offer its services in Pakistan. However, during the negotiations, the American company finally told the group that Pakistan was not mentioned on its three-year map because there were no business opportunities in the country.
E-commerce activists and freelancers have long demand that PayPal be brought to Pakistan.Asad Umar former Finance Minister of Pakistan had also vowed to bring PayPal to Pakistan, but his efforts failed.
In the online world, PayPal has a special place in financial transactions. Somehow, this is a personal bank account.
PayPal provides remittance services to citizens and businesses in more than 200 markets around the world, including India and India.
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