Fortunately, Businesses are no longer limited to using old-fashioned or conventional methods, thanks to the Fintech Revolution. From crowdsourcing to net banking to mobile payments, we have a wide range of alternatives today. Unlike in the past, anyone can now start a business with Fintech in no time.
What is Fintech?
In its simplest form, it refers to technological advances applied to finance. Widely used in investments and retail banking, this emerging sector has made tremendous strides over the last few years. Gaper International
Why does it matter?
Companies working in the fintech space are flourishing, and new ideas are being turned into apps. As of now, Fintech plays a more defined, reasonable, and vital role. Businesses around the globe endorse this technology as a much more secure approach than traditional banking.
How is Fintech changing the future of Pakistan?
During the COVID-19 crisis, the pace of digitalization in Pakistan accelerated beyond imagination, with the FinTech industry claiming much of the credit for the growth. This industry in Pakistan is undergoing rapid development in areas like:
- Branchless banking
- Financial Inclusion
- Enhanced Payment Systems
- Micro Credit
During the Pandemic, the Pakistani Fintech Sector has helped thousands of individuals confined to their houses because of lockdowns. Pakistan’s Fintech sector is experiencing a massive revolution, and the possibilities for collaborating with Pakistani professionals to establish new ventures are infinite!
Also Read: BlockChain Technology – How Does It Work?
Are you interested in Fintech? Explore the Fintech Sector of Pakistan here!
To get more insights, Head over to Pakistan Software Export Board (PSEB)’s “IT Industry roundups 2021. This year, the 15 verticals are being updated, and 10 new verticals are being covered through a nationwide survey to map various IT industry verticals, their size, players, capabilities, and skillsets. The survey’s findings will also be used to develop initiatives/programs for strengthening of IT industry. These roundups will have a national and international reach and present an excellent way to showcase your firm’s achievements, capabilities, and success stories. The roundups shall also help identify business opportunities and new markets, allowing companies more opportunities to grow.
If your company works in the realm of Fintech and you want to scale your business globally, complete the survey today!