Pakistan’s finance minister, Asad Umar, confirmed that the government had not prevented PayPal from entering the Pakistani market.
The Government did not Prevent PayPal from Entering Pakistan: Asad Umar
Umar said no department in Pakistan had stopped the launch of PayPal in the country.
PayPal is not stopped on my desk, the State Bank or in any other government institution. We are chasing PayPal.
The finance minister said he knew very well that PayPal provided an excellent opportunity for Pakistan and that it was an excellent source of income for local young people working from home. “They have had huge problems without PayPal or any effective online payment system,” said Asad Umar.
He also added:
I have taken the initiative myself and sent a message to PayPal CEO that this was important and I was willing to fly to America to hold a meeting.
Finally, Asad spoke of AliPay, who is part of Alibaba. He said his subsidiary, Ant Financial, bought majority interests in Telenor Bank, which would be useful for improving the digital banking market in Pakistan.\
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