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    Thread: Asad Umar: Paypal or Paypal like service is launching in 3-4 months

    1. #11
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      AliPay doesn't seem like it's very relevant when it comes to expanding business worldwide. Maybe another option to local alternatives if it turns out well, we still need the real thing though.

    2. #12
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      Quote Originally Posted by assasin42o View Post
      This.

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      Humble beginnings I'd say becoming the largest financial institution of India in such a short span of time is anything but remarkable. This is exactly why PayTM is much more scary than PayPal or AliPay, in its significantly smaller lifespan it (a digital institution) has dwarfed all of India's banks and has outgrown them to the point that you can get cigarettes using it. PayPal didn't magically 'appear' with worldwide acceptance, it took its time and capitalized on an unprecedented idea.

      Point is, it will take time for a formidable competitor to appear for PayPal BUT if its anyone, it has got to be AliPay - only they have the balls to do it.

    3. #13
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      PayPal ko goli maroe .we need amazon in Pakistan
      Likes haroonshaikh liked this post
       

    4. #14
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      Market size has nothing to do with paypal's presence in a territory. Regulations and compliance with international best practices are.
      Paypal is present in Sri Lanka, Tonga, Ethiopia, Eritrea and many other markets which are financially much smaller than we are. Heck it is present in Nigeria which has had one of the most corrupt regimes in the world. It is present in Nepal.
      Our problem is not our size but compliance
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    5. #15
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      Quote Originally Posted by Quadzilla View Post
      Humble beginnings I'd say becoming the largest financial institution of India in such a short span of time is anything but remarkable. This is exactly why PayTM is much more scary than PayPal or AliPay, in its significantly smaller lifespan it (a digital institution) has dwarfed all of India's banks and has outgrown them to the point that you can get cigarettes using it. PayPal didn't magically 'appear' with worldwide acceptance, it took its time and capitalized on an unprecedented idea.

      Point is, it will take time for a formidable competitor to appear for PayPal BUT if its anyone, it has got to be AliPay - only they have the balls to do it.
      Only tech savvies like us know that. Therefore, you can't sit on national television and claim that you're bringing an "alternate" to PayPal. There's no alternate. Here our public has already started celebrating that news. If I talk about AliPay, it's of no use to me. My MCBLite card works on more sites right now than AliPay ever will in the next 5 years, so I don't know how is AliPay helping me.

      I don't know if you watched that interview, the host asked about the solution for freelancers for accepting payments from international buyers. Even if AliPay comes, the problem is still going to be there since hardly anybody in US or Europe uses that as a payment method.
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    6. #16
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      no use if it isnt paypal

    7. #17
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      Asad umar is just like previous finance ministers .i am pretty sure god has fixed s special place in hell for these finance ministers of pakistan

    8. #18
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      Jab tak Israel se taluqat sahi nahi hote paypal nahi ayega

    9. #19
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      Quote Originally Posted by Pleasant View Post
      Jab tak Israel se taluqat sahi nahi hote paypal nahi ayega
      Are you saying Saudi Arabia has better relation with Israel then Pakistan? As Paypal works there.

    10. #20
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      Quote Originally Posted by gullfounder View Post
      Are you saying Saudi Arabia has better relation with Israel then Pakistan? As Paypal works there.
      https://www.bbc.com/news/world-middle-east-43632905

     

     

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