Pakistan Signs MoU With World Liberty Financial to Strengthen Digital Payments
Pakistan has signed a memorandum of understanding (MoU) with World Liberty Financial to strengthen the country’s digital payments ecosystem and promote financial inclusion, officials said.
The agreement aims to modernize payment systems and expand access to digital financial services nationwide.
Details of the Agreement
Under the MoU, World Liberty Financial will work with Pakistani authorities to support the development of secure, efficient, and scalable digital payment solutions. The partnership focuses on improving transaction speed, transparency, and user accessibility.
Officials said the initiative aligns with Pakistan’s broader digital transformation goals.
Boost to Financial Inclusion
The agreement places strong emphasis on financial inclusion, especially for unbanked and underbanked populations. By expanding digital payment options, the government aims to bring more citizens into the formal financial system.
As a result, individuals and small businesses may gain easier access to payments, savings, and other financial services.
Supporting a Cashless Economy
Pakistan has been encouraging a shift toward a cashless economy to reduce reliance on physical cash and improve economic documentation. Digital payments help curb informal transactions and improve tax transparency.
Moreover, officials believe digital systems can lower transaction costs and improve service delivery.
Role of World Liberty Financial
World Liberty Financial will provide technical expertise and support to strengthen digital infrastructure. The company will also assist in adopting international best practices for payment security and system reliability.
Authorities said collaboration with global partners is key to accelerating digital growth.
Wider Economic Impact
Experts say improved digital payments can support e-commerce growth, fintech innovation, and small business expansion. Faster and safer payment systems may also attract investment in Pakistan’s technology sector.
Therefore, the MoU is seen as a positive step for economic modernization.
What Happens Next
Following the signing, both sides will begin technical consultations and planning. Officials said progress updates will be shared as implementation moves forward.
Further partnerships in digital finance may also be explored.
Conclusion
Pakistan’s MoU with World Liberty Financial marks a significant move toward strengthening digital payments and financial inclusion. The partnership supports long-term goals of transparency, efficiency, and economic growth.
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