Paypal refused to come in Pakistan
Why PayPal refused to come to Pakistan? Paypal is the leading service company for online transactions. Paypal refused to launch its services in Pakistan.
PayPal has said it has no plans to visit Pakistan in the near future. PayPal always prepares a road map for future strategy. PayPal said that a new agenda has no mechanism for the launch of service in Pakistan
Earlier in October, the Pakistan Ministry of Information Technology delegation went to the US to negotiate with PayPal company officials to persuade the company to provide its services in Pakistan, but it did not succeed.
The final roadmap issued by the company clearly states to Pakistan that its roadmap does not include Pakistan.
PayPal has stated the reason, saying that they are not satisfied with the steps taken by the State Bank and other agencies on the transparency and security of financial transactions.
It is also worth mentioning here that by registering in PayPal service Pakistan, it will be easier for Pakistanis who earn their income from outside. Freelancers and e-commerce people have long demanded that PayPal be brought to Pakistan.
In October 2018, the ex-finance minister Asad Omar had said that he would soon introduce PayPal in Pakistan.
What is PayPal?
In the online world, PayPal has an important place in terms of money transactions. It is a user’s personal international bank account in away.
PayPal provides services to citizens and various businesses. In terms of sending and receiving money in over 200 countries around the world, including Pakistan’s neighboring country India.
According to the company’s website, about 100 million people worldwide now use the service to receive payments and payments. Paypal services of online remittance for nearly two decades.
The service has hundreds of millions of online shopping malls worldwide. It charges a very modest amount of money from its customers.
Paypal refused country list
- Burma (Myanmar)
- Cote d’Ivoire
- Democratic Republic of the Congo
- Liberia (Former Regime of Charles Taylor)
- Persons Undermining the Sovereignty of Lebanon or Its Democratic Processes and Institutions (doesn’t seem like a country, but this is from PayPal)
- Nigeria (they allow merchant accounts but can’t send money to Nigerian personal PayPal)
- North Korea
- Sierra Leone
- Western Balkans