ISLAMABAD – PayPal, the American company that operates a worldwide onlinepayments system is not coming to Pakistan.
As per local media reports, officials at PayPal has told the Pakistanidelegation that as of now Pakistan is not part of their programme for atleast three years citing lack of business opportunities in the country.
Last month, an Information Technology Ministry of Pakistan delegation triedto convince the company to introduce its services in the country.
The National Institute of Technology Board said that Pakistan wants PayPalto start operations in the country to facilitate Pakistanis earning inforeign countries as they are facing problems in transferring money toPakistan from there.
However, PayPal reviews its operations every year and there is apossibility that it might enter Pakistan in the future, the board said.
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Back in February, Asad Umar, who was the finance minister then has saidthat the government is committed to bringing Paypal to Pakistan. “PayPalhas neither stuck at my desk nor at any other government institution. Infact, we are chasing PayPal for the breakthrough,” said Asad Umar.
As of 2019, PayPal operates in 202 markets and has over 286 million active,registered accounts. PayPal allows customers to send, receive, and holdfunds in 25 currencies worldwide.
