Pakistan is seriously working on paving the way for international payment gateways, such as PayPal and AliPay, to enter the local market. This was disclosed by Khurram Dastgir Khan, Federal Minister for Commerce & Industry, in a media talk.
The minister said that government, in collaboration with State Bank of Pakistan is working on streamlining the processes that will enable international payment gateways to start offering services in Pakistan very soon.
He further emphasized by saying that government is moving in the right direction to digitize the economy of the country and anticipated that PayPal and other payment gateways would be in Pakistan very soon.
Timeline for this, however, was not communicated.
Impact on Freelancers
Pakistan is ranked fourth in the world as far as number of freelancers are concerned, however, they are left with no option but to use either illegal or very expensive means of getting paid from foreign clients.
If international gateways like PayPal and AliPay manage to enter Pakistan, this will become possible for Pakistani freelancers to get funds for the work they do for international clients with just few clicks.
It is worth mentioning here that freelancers have been demanding the government to pave way for PayPal for over 10 years now. Having heard the news they feel a sigh of relief as their demand is under consideration on the higher levels.
The government has realized the validity of the request and finally a good outcome is anticipated. I, like other freelancers, am optimistic about the entry of international payment gateways to Pakistan.