According to sources Alibaba — which has recently expressed its desire to invest in Pakistan and wants to get ahold of an ecommerce company in Pakistan, is also considering to acquire a payment gateway. Alibaba officials were present in Pakistan on an official visit on March 3.
The delegation is visiting Pakistan following a meeting between Prime Minister Nawaz Sharif and Chairman Alibaba Group Jack Ma on the sidelines of World Economic Forum at Davos in January this year. On the occasion, Mr Ma had expressed his intention to establish an e-commerce platform in Pakistan and support small scale industries.
Jack Ma’s meeting with Prime Minister Nawaz Sharif at the World Economic Forum.
Pakistan’s e-commerce sector has been doubling in size every year and is projected to surpass $1 billion in 2020, Minister for Finance Ishaq Dar told a delegation of China’s Alibaba Group on Friday.
Easypaisa, Telenor Pakistan’s Mobile Financial Services Division that it established back in 2009, is parting ways with the mobile operator, according to reports.
If this happens, the separation of Easypaisa with Telenor Pakistan as an independent unit may start making a lot of sense.
This is the kind of potential that groups like Alibaba would be eyeing and Easypaisa could be a perfect hunt for the purpose. With the latest developments, Easypaisa has prepared itself for any such adventures in next few months.
Pakistan First Media And Brand Website.
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