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In a development that brings joy to Pakistan’s vast freelance community, PayPal is set to make its debut in the country, allowing freelancers to receive payments seamlessly through the renowned international payment gateway. As per Wego’s reports, this initiative resolves a long-standing demand and opens new horizons for approximately 1.5 million freelancers in Pakistan.
Good News for Freelancers!
— Ministry of IT & Telecom (@MoitOfficial) January 8, 2024
The strategic move by PayPal involves establishing its presence in Pakistan through a partnership with an existing international payment gateway specifically tailored to cater to the needs of freelancers and IT professionals. This indirect operation in the country is expected to streamline financial transactions for freelancers, enabling them to channel remittances through PayPal.
The announcement came from Pakistan’s Caretaker Minister for IT and Telecom, Dr. Umar Saif. Dr Saif noted that this collaboration with an existing payment gateway marks a pivotal moment for the country’s freelancers, who have long awaited the integration of PayPal into their financial ecosystem.
The collaborative decision has materialized after persistent efforts by previous governments to convince PayPal to operate directly in Pakistan, overcoming previous resistance primarily citing security concerns.