Soon Paypal services for online payment will be available in Pakistan via the third party: Abdul Razak Dawood (Minister for Commerce)
Today on 25 September 2020, Minister for Commerce, Abdul Razak Dawood, tweet that National Institutional Facilitation Technologies (Pvt.) Ltd. NIFT and checkout.com will provide different international payment method including Papal in Pakistan.
Pakistan is on the fourth number in World for freelancing. But big hurdle in the online field was Payment Method, due to which a large number of freelancers was not able to work. Paypal is one of the biggest gateways of online payment but unfortunately, its services are not available in Pakistan.
Government of Pakistan try to convince Paypal to start its activities in Pakistan but she refused.
Day after day, online shopping increasing in the World. According to US trade forecasters, the volume of e-commerce trade will reach $559 billion in 2024 which was recorded $365 billion in 2019 i.e, 64% increase.