PayPal has now extended its services to include Facebook Messenger as users can now use Facebook Messenger to make peer-to-peer (P2P) payments starting October 20th using this integration. The blue plus icon in Messenger will now allow people to send money by selecting the green payment button and choosing PayPal as the source for funding. This will make their services available to more than 1.2 billion people who use Messenger. With the option introduced by Facebook people can split bills and make payments with credit and debit card.
In 2017, Pakistan is still trying to provide PayPal services to the citizens here while Bangladesh has just allowed a state owned bank, Sonali, to run operations in collaboration with PayPal. What this does essentially is pave the way for Bangladeshi e-commerce corporations to introduce the services in the country. This allows them to reaching the international standards and makes it easier for freelancers and others to make easier online transactions.
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According to the Sonali Bank General Manager and Chief Information Officer, Mofazzal Hossain, the memorandum of understanding was sent last year to PayPal and once they replied positively the wheels were set in motion to make sure the country was ready and the necessary legislature was in place. Bangladesh Bank has given clearance since the whole process is completed, however, no one is sure of when the services will commence.
Millions of people from all over the world use the internet now to carry out various kinds of everyday tasks such as shopping, researching and online transactions for purposes other than shopping. In Pakistan, as the e-commerce grows and businesses progress further increases various business gurus have demanded PayPal services be made available. With various mobile wallets now available in Pakistan it has now increased the demand and while there are startups present in Pakistan they are still in the initial stages so they provide services mostly domestically.
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According to the statement made by the Commerce Minister, Khurram Dastgir, the government has successfully managed to bring Chinese tech giant Alibaba to Pakistan and signed the MoU last week. The government is still making sincere efforts to bring other gateways as well as PayPal to Pakistan. The desired outcome is to bring it here as soon as possible.
