Asad Umar wants PayPal in Pakistan

[Imran Khan]

Ain't gonna happen until Pakistan is off FATF's watchlist.

even somalia uganda rawanda have it . lanat on our gov all of them

 

[Laozi]

even somalia uganda rawanda have it . lanat on our gov all of them

" The previous government had expressed its intention to invite PayPal. Their optimism stemmed from the fact that Pakistan was removed from FATF’s grey list and was placed on its whitelist. However, Pakistan has once again been placed on the grey list of the multilateral body that combats money laundering and terrorist financing.

Pakistan will have to get off the list, provide supporting infrastructure, and regulatory framework to attract a name as big as PayPal.

The government will need to have the necessary legal and financial regulatory framework in place before expecting PayPal to enter the Pakistani market.

The country’s history with internet companies has been strenuous. Youtube was banned for more than three years, and cellular services are suspended every now and then. The country lacks bilateral or mutual legal assistance treaties for cybercrime-related cooperation too."

https://www.samaa.tv/economy/2018/1...istan-gives-it-ministry-four-months-to-do-so/

 

[AZ1]

Why is this a goal? How do you not have PayPal? Seriously this are very elementary things.

Because of US issue with Pakistan for Afghanistan.

 

[Menace2Society]

PTI is on a full westernisation drive .

Pakistan will be rebuilt on western model. Not on fascist overlord single party eastern model.

 

[Śakra]

Because of US issue with Pakistan for Afghanistan.

What problem will PayPal solve? You’re acting like it will bring billions of $$ into your economy

 

[SunilM]

What problem will PayPal solve? You’re acting like it will bring billions of $$ into your economy

According to them once paypal comes, remittances will increase and come through an ''official" channel instead of hawala.

 

[HAIDER]

In what way it will increase business.

Huge network and very secured . Check this out

https://www.paypal.com/us/webapps/mpp/country-worldwide

 

[AZ1]

What problem will PayPal solve? You’re acting like it will bring billions of $$ into your economy

Just go to fiverr.com and see yourself how many Pakistani providing IT service using fiverr.com type of sites you will be surprised.

 

[Śakra]

According to them once paypal comes, remittances will increase and come through an ''official" channel instead of hawala.

Lol this blind optimism is what put them in this position in the first place.

Just go to fiverr.com and see yourself how many Pakistani providing IT service using fiverr.com type of sites you will be surprised.

The market isn’t more than a few million $$. Besides you can transfer via bank so it’s a nonissue.

@SunilM

 

[YeBeWarned]

I am waiting for Paypal too .. hope govt will work things out .

 

[AZ1]

Lol this blind optimism is what put them in this position in the first place.



The market isn’t more than a few million $$. Besides you can transfer via bank so it’s a nonissue.

@SunilM

That's fine I get the picture you don't have any clue. keep posting.

 

[313ghazi]

PayPal will make it much easier for small businesses to do business online and abroad. The western world is the world's biggest consumer, small businesses need easy access to it via the Internet.

I'll give you an example. A friend of mine buys salt lamps from Pakistan and sells them on Amazon to customers in the US. If the person supplying him had a website and PayPal, he could be online himself.

It will be a big help for e-commerce.

 

[SunilM]

The market isn’t more than a few million $$. Besides you can transfer via bank so it’s a nonissue.

@SunilM

I know, but whatever keeps their hopes up.The government needs to sell 'hope' in such a precarious economic situation.

 

[Thorough Pro]

Develop your own local solution, its not rocket science.

 

[Imran Khan]

" The previous government had expressed its intention to invite PayPal. Their optimism stemmed from the fact that Pakistan was removed from FATF’s grey list and was placed on its whitelist. However, Pakistan has once again been placed on the grey list of the multilateral body that combats money laundering and terrorist financing.

Pakistan will have to get off the list, provide supporting infrastructure, and regulatory framework to attract a name as big as PayPal.

The government will need to have the necessary legal and financial regulatory framework in place before expecting PayPal to enter the Pakistani market.

The country’s history with internet companies has been strenuous. Youtube was banned for more than three years, and cellular services are suspended every now and then. The country lacks bilateral or mutual legal assistance treaties for cybercrime-related cooperation too."

https://www.samaa.tv/economy/2018/1...istan-gives-it-ministry-four-months-to-do-so/

so Somalia is doing better then Pakistan in this regards ? what a joke man its all about US dirty games nothing more