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PayPal declines to come to Pakistan: Official

IANS  |  Islamabad 

will not come to despite the governments efforts to convince the American company, which operates a worldwide that supports online transfers, to introduce its services in the country, said a

"did not decline because it has issues operating in Their internal working is such that they are not ready to introduce services in Pakistan," Secretary told a Senate Standing Committee on Thursday.

While Afzal tried to explain why was not interested in coming to Pakistan, Senator said PayPal was afraid to come to unless there were laws to protect the company's interests, reports Dawn news.

"One case of laundering could cause significant problems for PayPal. PayPal must have the backing of the government that it can secure the interests of the company," Shaikh added.

In February, had said that talks to bring PayPal to Pakistan were underway, while rubbishingreports that the was impeding the company's entry into the Pakistani market.

In November 2015, the had announced that it was set to invite global PayPal and to offer their services in Pakistan.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 17 2019. 10:46 IST