Pakistan's Fintech Industry: Trends and Challenges in 2024
Pakistan, March 28 -- Fintech, or financial technology, has revolutionised the world by transforming traditional financial methods into technology-driven, easily accessible financial services. Matching the global pace, Pakistan has made significant strides in the fintech industry at the domestic level. The fintech industry in Pakistan has two major target audiences. First, the financially educated class i.e., freelancers and e-commerce businesses. Second is the unbanked or underbanked population of Pakistan. Fintech has allowed these individuals to enjoy access to digital payments, mobile banking, and microfinance, albeit on a limited scale. Similarly, on the global level, Pakistan needs to do a lot to build its credibility and integrate ...
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