There is this landmark achievement and a great news for Pakistanis that e-commerce gateway (Payment processing engine) is expected to surface Pakistan this month. Raseen Technologies, a part of Dhabi Group of UAE is being crowned for this triumph.
A representative from Raseen Technologies, while speaking with us confirmed that they are launching e-commerce gateway in collaboration with a local bank, very soon, most likely in same month. He was reluctant to name the bank, but I suppose it will be Bank Al-Falah, being the sister concern of Raseen Technologies ? but no official words on it.
He said that with the emergence of e-commerce gateway, Pakistani businesses will be able to get merchant accounts, with a solution that their online sales will go into their local bank accounts directly. For instance, you will be able to open a merchant account, and using this ecommerce gateway, you will be able to sell services/products online ? through credit cards. This sale will go into your bank account directly, which was not possible before.
We are told that PayPal will remain missing ? however, this ecommerce gateway (Payment processing engine) will resolve the missing ecommerce infrastructure for online businesses of Pakistan.
