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Alibaba and PayPal Invited to Set up Shop in Pakistan

Alibaba and PayPal Invited to Set up Shop in Pakistan

2015-11-26 11:31

Pakistan is now welcoming big payment companies into the country.

Yesterday we published an article about the sixth largest country in the world, Pakistan, and its e-commerce ambitions.

The country is set on fixing its legislation as to allow for e-commerce to flourish. Pakistan obviously has ambitions to grow the country's online businesses and to move more people online.

Pakistan's population of around 200 million is not very digital today, with only 21 millon broadband subscribers. The country did however launch high-speed mobile internet services last year according to Phys.org and that user base is now around 18 million.

Open to Global Payment Companies

Pakistan's IT minister has now said, that after easing the e-commerce rules, they will invite PayPal and Alibaba to offer their services in the country. This follows the global Financial Action Task Force's removal of Pakistan from the list of high-risk countries linked to money laundering.

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In our previous article we also highlighted the lack of trust between consumers and merchants something a revised legal system also should remedy.

Payment companies like PayPal have not been able to work inside the country because of regulations limiting online payment services. Now the country wants to encourage Alibaba and PayPal to establish themselves in Pakistan.

Julius Gunnilstam

Editor-in-chief

Born computer engineer - today e-commerce expert and the leader of the editorial team at Ecomony. Been writing about e-commerce for six years.

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