Pakistani freelancers acquired greater than Rs. four billion since January 2020 using a tech-based answer within the midst of the Covid-19 pandemic, stated Ghazanfar Azzam, President, and CEO, Mobilink Microfinance Financial institution, on Monday.
Speaking to the media, he stated, “Freelance work by IT professionals elevated underneath the circumstances, however they had been going through the problem of remittances of minimal quantities, starting from $100-$500. We devised an answer, on condition that extra professionals are taking on small IT jobs.”
One of many subsidiaries of Mobilink Microfinance Financial institution — JazzCash — partnered with Payoneer, an American monetary companies firm that gives on-line cash switch and digital cost companies.
“Over Rs4bn has been acquired since January 2020 by greater than 100,000 freelancers by way of Payoneer and JazzCash accounts,” Mr. Azzam stated.
The e-commerce and IT sectors within the nation have grown as typical companies and commerce endured losses arising out of the coronavirus restrictions and lockdowns. Pakistan is the fourth fastest-growing freelance market globally. Nonetheless, freelancers face delays and excessive prices when the quantity is remitted by way of mainstream channels.
The absence of platforms corresponding to PayPal additionally aggravates the issue.
Lately, Pakistani freelancers have additionally been going through hurdles due to tax exemption elimination and tax notices
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