AliBaba plans to acquire EasyPaisa

AliBaba is world’s largest e-commerce platform chaired by Jack Ma. AliBaba group was founded back in 1999. It deals in B2B , B2C and C2C service via web portals.

In April 2017, Jack Ma had a meeting with then Prime Minister of Pakistan Nawaz Sharif in Davos where he expressed his interest to invest in e-commerce sector of Pakistan. Later that year, AliBaba acquired Pakistan’s biggest online retail store Daraz.pk. Though the amount of acquisition is undisclosed as per statement by Director Marketing of Daraz Mehdi Raza “AliBaba has a policy of not disclosing the amount”. Now AliBaba is planning to acquire EasyPaisa. Remember that AliBaba already surpassed PayPal as biggest mobile payment platform back in 2013.

EasyPaisa is Pakistan’s biggest micro financial service introduced by Telenor. For EasyPaisa account, you don’t need to open a bank account. Your account will be associated with your sim card. This totally revolutionized the money transfer system in Pakistan as it became very convenient to transfer cash in remote areas with a nominal transfer fee. Due to this service, Telenor earned more revenue than it usually earns from calls and sms.

Competition Commission of Pakistan CCPC gave go-ahead of investment and AliBaba made its first big move by purchasing 45% shares of EasyPaisa. We hope that this complete acquisition will bring significant changes and new features in this service as they brought in Daraz by launching Signature AliBaba biggest sale of the year 11.11 on 11^th November.

Uber hints at Flying Cars in Pakistan

UBER as we all know is an international “RIDE HAILING SERVICE” where people can call a cab at their door steps and reach their desired destination having a quality journey with good experience.

In Pakistan, UBER started its operation in 2017 and got a very good response from customers. Pakistani transport industry where Local Taxi drivers had a monopoly and people were not satisfied with them. They used to increase fares whenever they wanted to and sometimes had harsh behavior with customers. CAREEM came first and threatened the business of local drivers and the rest damage was done by UBER.

Now a days, UBER is planning to launch flying cars with project name Uber Elevate as they want to bring innovation in their service but important news for Pakistani customers is that UBER is planning to do test launch in Pakistan. According to UBER’S regional manager for Middle East and Africa Anthony Le Roux, The company is considering choosing Pakistan as potential market for flying cars. These cars will take vertical take-off and landing and wont need to have a long run-way.

When Le Roux was asked the reason Why they are choosing Pakistani market? He replied “ Pakistani people rapidly accepted the service our company offered ever since it launched here in 8 major cities of Pakistan.” He further added that “ In Pakistan we have more than 30,000 drivers who are using ride-sharing app and offering their services. UBER management stated that Despite facing losses in international market , Pakistani market didn’t gave us any loss so that is the main reason we are choosing Pakistan as our market for new service."