LAHORE: Globally recognized payment gateways PayPal and Stripe are coming to revolutionize Pakistan’s tech ecosystem.
The arrival of PayPal and Stripe in Pakistan will prove to be a historic step to increase remittances, at least 1200 IT companies, more than 75 thousand freelancers providing IT services will immediately switch to it, which will make them China, India And other regional, sub-regional and global competitors will be able to reach and charge customers on par with those previously restricted from receiving global payments.
Also Read: Major progress expected in one month regarding PayPal and Stripe, Federal IT Minister
Nauman Saeed urged the State Bank to make a major change in its system and make a strategy for rapid implementation by commercial banks. PayPal accounts should be linked with exporters specialized foreign currency accounts in all commercial banks. FBR should train its officers.