Dr. Umar Saif, caretaker Federal Minister for Information Technology and Telecommunications, said on Tuesday that the government is in talks with PayPal and Stripe about offering services in the country.
PayPal and Stripe Services
In an interview with the media in Islamabad, the minister stated that it is critical to bring PayPal to Pakistan in order to help freelancers.
He stated that the government intends to persuade PayPal to provide services through a third party in Pakistan, similar to how PayPal provides services through a third party in Egypt.
According to him, the ministry has asked PayPal to allow Pakistani freelancers to send money to Pakistan via a one-way service. He stated that talks with PayPal in this regard will begin in a week.
The IT minister also stated that discussions with Stripe, another payment processing platform, are ongoing. The Pakistani embassy in Singapore is handling the negotiations with Stripe.
Dr. Saif believes that if Stripe begins operations in Pakistan, it will benefit the e-commerce industry as well as help Pakistani content creators monetize their work.
The minister stated that talks with both companies will be completed in two months and expressed optimism that the outcome will be positive because Pakistan has a strong business case for both companies.
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