Pakistanis to receive PayPal payments via third party partner payoneer

Pakistani freelancers and professionals would now receive their PayPal payments via third party partner payoneer. Pakistanis are finally able to use PayPal services indirectly.

Is PayPal coming to Pakistan? No!

The Caretaker Information Technology Minister Dr. Umar Saif said, “While Pay­Pal itself is not coming to Paki­stan, an agreement has been reached where remittances would be channeled through PayPal via a third party.”

PayPal and Payoneer have reached to an agreement by which Pakistani users can receive money in their bank accounts, however the users will not be able to send money outside Pakistan.

It is yet to be seen how much Payoneer will charge PayPal and freelancers on its services for transferring money.

نگراں وزیر آئی ٹی ڈاکٹر عمرسیف نے فری لانسرز کیلئے بیرون ممالک سے پیمنٹ گیٹ وے کا قابل عمل منصوبہ بتادیا۔ کمیونیکیشن کی دنیا میں کیا انقلاب آچکا ہے، لو آربٹ کیا ہے؟ جہاں موبائل نیٹ ورکس اور انٹرنیٹ نہیں وہاں یہ سہولت کیسے ملے گی ، اس راز سے بھی پردہ اٹھا دیا گیا ہے۔#PayPal pic.twitter.com/ZUJ9m68TZx

— Ministry of IT & Telecom (@MoitOfficial) January 7, 2024

Dr Saif said: “Freelancers will not need to open a PayPal account. Instead, individuals outside the country will make payments from their PayPal accounts, and the funds will be promptly deposited into the freelancers’ accounts.”

The previous governments also made attempts to convince PayPal for operations in Pakistan. Paypal citing a lack of business opportunities never gave a nod.