- Pakistan approves Paypal for freelancers’ remittances, enhancing financial opportunities.
- In February, 10,000 freelancers to pilot Paypal payments, expanding nationwide by March.
- Simple steps to set up a PayPal account, enabling global transactions and securing online transactions.
The government, led by caretaker Federal Minister for Information Technology and Telecommunication, Dr. Umar Saif, has addressed a long-standing demand of freelancers, allowing them to utilize the international gateway—Paypal for remittances. In a recent announcement, Dr. Saif disclosed that the Cabinet has approved the National Space Policy, opening the door for private-sector companies to use low-orbit satellites for satellite communication services.
Paypal Pakistan Remittances: A New Era
The channelization of remittances through Paypal marks a significant development for freelancers and businesses. While the formal launching ceremony is scheduled for January 11, it’s noteworthy that the remittances won’t be directly facilitated by Paypal but through a third party – Payoneer.
“In February, we are going to start the first pilot project in which 10,000 freelancers in Pakistan would be able to start receiving payments through PayPal.”
Dr Umar Saif went on to explain that the program is set to broaden its scope by March, guaranteeing widespread access for freelancers across the nation to receive payments from both PayPal and Stripe.
PayPal has become an integral part of the online payment system, offering a secure and convenient way to make transactions. If you’re wondering how to make a PayPal account, we’ve got you covered.
Follow these steps to set up your PayPal Pakistan account hassle-free:
Step 1: Navigate to PayPal’s Official Website
Begin by visiting PayPal’s official website. Click on the “Sign Up” or “Create Account” button prominently displayed on the homepage.
Step 2: Select Your Account Type
Choose between a “Personal” or “Business” account based on your needs. For most individuals, a Personal account is sufficient.
Step 3: Fill in Your Personal Information
Enter your essential details, including your email address and a secure password. Ensure the password combines uppercase, lowercase, numbers, and symbols for enhanced security.
Step 4: Provide Your Financial Information
Link your bank account or credit/debit card to your PayPal account. This step ensures a seamless transfer of funds for your transactions.
Step 5: Verify Your Email Address
PayPal will send a verification email to the address you provided. Click on the verification link within the email to confirm your account.
Step 6: Add a Payment Method
In the “Wallet” section, add a payment method to fund your PayPal transactions. This can be your bank account, credit card, or even PayPal Credit.
Step 7: Confirm Your Identity
For security purposes, PayPal may request additional identity verification. Follow the prompts to confirm your identity, ensuring a secure account setup.
Here are some key benefits of having a PayPal Pakistan account
Global Transactions
With a PayPal account, Pakistanis can engage in international transactions seamlessly. This opens up opportunities for freelancers, businesses, and individuals to participate in the global market.
Freelancing Opportunities
For freelancers in Pakistan, PayPal provides a secure and recognized platform for receiving payments from international clients. This inclusion enhances the accessibility of Pakistani freelancers in the global freelance marketplace.
E-commerce Ventures
Pakistani entrepreneurs and e-commerce businesses can now integrate PayPal into their platforms. This facilitates smooth payment processes, offering customers a widely accepted and secure method for online purchases.
Ease of Online Shopping
Having a PayPal account enables Pakistanis to shop online from international websites. It acts as a universal payment method, eliminating the need for region-specific payment gateways.
Security and Buyer Protection
PayPal is renowned for its robust security measures. Users benefit from buyer protection, ensuring a refund in case of un-authorised transactions or disputes with sellers, enhancing the overall security of online transactions.
Have anything to add about Paypal Pakistan? Let us know in the comments below.
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