ISLAMABAD: Pakistani government is looking at the options for having payment gateway like Paypal or similar to that. A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider.
The government is planning on facilitating online purchases through the use of a global payment system, the finance minister said: “A platform like PayPal or its equivalent is required in the country for the immensely talented youth to be able to do online business. Finance minister said that heal ready had a meeting with a company that is an equivalent to PayPal, and we will have either Paypal or a similar system in the country soon.”