Anonymous ID: 4452d3 Jan. 11, 2021, 3:52 p.m. No.12472424   🗄️.is 🔗kun   >>2470 >>2572 >>2669 >>2710 >>2820

Pakistan government announces new instant digital payment system

 

>ISLAMABAD (Reuters) - Pakistan has announced a new government-run instant digital payment system in a bid to boost financial inclusion and government revenue in the country where only a fraction of economic transactions occur on the books.

 

>Developed through a multi-year collaboration between the State Bank of Pakistan and the Bill & Melinda Gates Foundation, with support from the World Bank, Britain and the United Nations, one goal for Raast is to boost involvement of women in the formal economy.

 

>"I hope that in years to come we will look back and see this new digital public good as an important contribution to our shared goal of giving all people the tools they need to lift themselves out of poverty," Bill Gates said in a statement read out at the announcement on Monday.

 

https://www.investing.com/news/technology-news/pakistan-government-announces-new-instant-digital-payment-system-2386111