pakistan payments

Apr

Fintech sector in Pakistan faces mounting challenges

Despite having significant promise for fintech investment, with one of the world’s largest unbanked populations, Pakistan’s digital finance sector faces mounting challenges as the broader startup ecosystem is finding it hard to attract funding. In the 2023 fiscal year, fintech funding in Pakistan fell 80% to just US$20 million while…

Apr

Fintech Research

Pakistan’s fintech sector is heating up

Pakistan’s fintech sector has long been a sleeper. Investors are now awaking to the significant opportunities in a country with 100 million unbanked people (the third largest unbanked population in the world), growing smartphone penetration and internet connectivity, incumbents with a weak digital game, and government policies aimed at using…

Mar

Fintech Research

Pakistan could become a big fintech market

Pakistan is the largest nascent fintech market in Asia, with an unbanked population of 100 million. About 70% of the population lacks a bank account. In absolute numbers, there are more unbanked people in both India and Indonesia, but those markets have much more developed fintech ecosystems than Pakistan. The…

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