Chinese fintech eyes SMEs, digital finance

Minister for Board of Investment reaffirms that Pakistan and China remain iron-clad friends

ISLAMABAD:

Minister for Board of Investment (BOI) Qaiser Ahmed Sheikh on Wednesday met a delegation of Fintopia China, a global FinTech enterprise, to discuss opportunities for strengthening digital financial services in Pakistan.

The minister reaffirmed that Pakistan and China remain iron-clad friends, and said cooperation in investment and technology-driven sectors continues to expand under the shared vision of both countries. Sheikh said Pakistan, as the world's fifth most populous country, offers a large and attractive consumer market for FinTech and digital financial services. He emphasised that FinTech and digital finance can significantly benefit small businesses and SMEs while creating entrepreneurial opportunities for youth. The Fintopia delegation expressed strong interest in launching a digital financing venture in Pakistan.