PayPal not extending its market to Pakistan

KARACHI: Pakistan’s freelancer community, which is said to be the fourth largest in the world, has expressed disappointment over reports of PayPal not extending its services to the country.

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PayPal operates a worldwide online payment system that supports online money transfers refused to introduce its services in the country. The company operates in 190 markets across the world.

There has been a repeated demand from freelancers and e-commerce players to bring PayPal to Pakistan. Former finance minister Asad Umar had also shown commitment to facilitating its arrival.

 

The effort has, however, been in vain.

On Thursday, a Senate committee was informed that the US company would not come to Pakistan. “PayPal did not decline because it has issues operating in Pakistan, [but] their internal working is such that they are not ready to introduce services in Pakistan,” Information Technology Secretary Maroof Afzal had told the Senate standing committee on IT.

If PayPal comes to Pakistan it will facilitate around 200,000 freelancers and over 7,000 registered small and medium enterprises (SMEs). Besides, there are also thousands of e-commerce contributors who are not registered.

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