Acting Federal Minister for Information Technology and Telecommunication Dr Umar Saif on Tuesday said the government is in talks with PayPal and Stripe to offer services in the country.
Talking to reporters in Islamabad, the minister said that it is important to bring PayPal to Pakistan to facilitate freelancers. He said the government intends to convince PayPal to provide services through a third party in Pakistan similar to Egypt, where PayPal offers its services through a third party.
He said the ministry has asked PayPal to allow Pakistani freelancers to bring money to Pakistan through a one-way service. He said that within a week talks will begin with PayPal in this regard.
The IT minister also highlighted that talks are also underway with Stripe, another payment processing platform. Discussions with Stripe are conducted by the Pakistani embassy in Singapore.
Dr. Saif said that if Stripe starts its services in Pakistan, it will benefit the e-commerce industry and also help Pakistani content creators to monetize their content.
The minister said talks with both companies will be concluded in about two months and expressed hope that the outcome will be positive as Pakistan has strong business cases for both companies.