Pakistan has halted payments for in-app purchases including online video games bought by local customers using airtime from telecommunications companies.
Pakistan has halted payments for in-app purchases including online video games bought by local customers using airtime from telecommunications companies, the latest sign of distress caused by the country’s depleted foreign-exchange reserves.
Telecom service providers were violating regulations by allowing payments to be made for customers under an arrangement with the government that permitted the phone companies to pay for IT-related services for their own use, State Bank of Pakistan said in a statement. The regulator has stopped the transactions and telecom operators to resubmit their requests.
The South Asian country’s economy is dealing with various pressures including a dollar shortage and a downgrade by rating agencies…
