PayPal not ready to tap Pakistani market

A delegation from the Ministry of Information Technology visited the United States last month to convince international online payment company, PayPal, to bring its business to Pakistan, a private media outlet reported.

The company officials told the delegation that Pakistan was not included in PayPal’s three-year roadmap, as it does not offer business opportunities that could attract the firm.

Sabahat Ali Shah, a senior official of the National Institute of Technology Board, said that the ministry was hoping to bring the service to Pakistan in order to facilitate those citizens who earn from abroad and find it difficult to transfer their money.

However, he added, PayPal reviews its roadmap every year and there is still a possibility of it entering the Pakistani market in the future.

In February, former finance minister Asad Umar had announced that the government was committed to bringing PayPal to Pakistan.

PayPal allows people in over 200 countries to send and receive money and acts as an international bank account.

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