PayPal to Operate in Pakistan in Partnership with Payoneer

Staff Report

PayPal is set to begin operations in Pakistan on January 11, through a joint venture with Payoneer, aimed at facilitating freelancers and IT professionals in making international payments.

An agreement between PayPal and Payoneer is scheduled to be signed on January 11.

Consequently, if you have a Payoneer account in Pakistan, you will soon be able to receive and send payments using your PayPal ID.

The Caretaker IT Minister announced that PayPal will be operating indirectly in Pakistan through a collaborative effort with Payoneer.

Previous administrations have been striving to persuade PayPal to initiate services in Pakistan. However, the company had previously declined due to security concerns.Pakistan to Make Optical Fiber Cable Network as Global Digital Corridor

Nevertheless, it has now agreed to operate in the country in a joint venture with Payoneer, especially to support IT professionals working internationally.

Currently, Pakistan ranks as the fourth largest contributor to the global freelance market. Therefore, this development is particularly beneficial for freelancers, enabling them to transact through PayPal accounts linked with Payoneer.