Can’t believe it’s true…PayPal coming to Pakistan!

It’s the question we’ve all been asking, and the answer is finally here! After months of speculation, PayPal has confirmed that it’s opening up to Pakistan. The launch will happen within the next 3 weeks and will be available on Android, iOS, and desktop versions of the PayPal website and app. I was lucky enough to be invited to their event in Karachi and got to hear from their representatives about this big step into the Pakistani market. Here are some details about what we can expect from the payment giant coming to our country! What do you think? Are you excited about this?

How long will it take?

For PayPal, there will be a number of milestones we need to achieve before we launch in Pakistan, said PayPal spokesperson Anuj Nayar. We will start with testing an invite-only version of our service and then move on towards opening up access gradually. Nayar didn’t share an exact timeline for launching in Pakistan. However, he did add that PayPal would like to see a high take-up rate for mobile and digital payments in [Pakistan]. This suggests that PayPal is planning a very gradual rollout. It took nine months for when Apple Pay to be announced until it finally launched in October 2014. In March 2015, Google followed suit and introduced Android Pay into the US market.

What are the requirements?

The list of requirements, according to PayPal, is simple: all you need is a National Bank of Pakistan-issued debit card. The process was designed so that users wouldn’t have to pay extra money for each transaction and they can access their funds quickly and easily. All they have to do is link their debit card with PayPal from their phone or computer; then withdraw money from ATMs using their phone or at any authorized retailer accepting PayPal. While customers in many developed countries take for granted being able to purchase goods online without seeing actual cash, people living in developing countries like Pakistan face much greater hurdles when trying to move money around.

How easy is it to integrate?

In order for businesses in Pakistan (and other countries) to accept online payments, they need a payment processor; PayPal makes that easy. It supports over 100 currencies and can integrate with just about any e-commerce software platform or shopping cart. PayPal also has plenty of great account managers who’ll help walk you through integration, so don’t be afraid to reach out if you’re feeling overwhelmed by all of these details. They make integration as easy as possible on purpose—the more merchants using PayPal, the more successful it is for them. So there’s no reason for them not to help you out.

How do I get started?

PayPal has not yet announced a timeline for its launch in Pakistan. If you want to be notified when they do, you can sign up on their homepage and choose Pakistan as your country of interest. Alternatively, you can visit the PayPal website and click on Sign Up at the top right. You’ll need an email address, a password, and some basic information (you might want to use a throwaway email address that no one knows so that you won’t get spammed by PayPal). After signing up, you’ll be asked to confirm your account with a mobile phone number via text message (this is what lets PayPal know it’s really you; all activity in your account will happen through that cell phone number) as well as answer any additional security question if prompted. you should visit that site.

How much does integration cost?

Once a decision has been made to accept PayPal, you will need someone with a PayPal account who understands how their service works and can integrate it into your site. There are 3 main ways of integrating PayPal onto your site: 1) Shopping Cart Integration 2) Instant Payment Notification and 3) Virtual Terminal. Each one costs money, so do some research first before deciding which way is best for you.

Is there anything else I should know?

PayPal and Uber are just a few of many new companies that have decided to make Pakistan a market for their ideas. In such situations, usually, some people get skeptical about these ventures as well. But if you’re thinking about asking Will PayPal really come to Pakistan? then probably you should also keep in mind that Amazon also announced its plan of launching its operations in Pakistan, which is going even beyond what PayPal has planned. If I had to guess I would say there is a very high possibility that PayPal will actually be introduced into Pakistani markets. There are many things working in favor of PayPal, such as strong demand for e-commerce options and virtual financial services providers such as Paypal, Neteller, and so on.

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