United Nations (UN) Secretary General’s Special Advocate for Inclusive Finance for Development (UNSGSA) Queen Maxima has said that Pakistan is in a good position for a boost to the technology-enabled financial inclusion, Express Tribune reported.

According to the details, Queen Maxima in a meeting with State Bank of Pakistan (SBP) Governor Reza Baqir said that in the last five years, the country’s start-up tech and fintech ecosystems had made some notable progress in relation to improving their supporting networks.

She also appreciated the progress made by the SBP and Pakistan with respect to financial inclusion while focusing on gender mainstreaming and digital financial services.

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The queen said it could be helpful to establish a pro-poor gateway for the wider acceptance of micropayment methods and introduce consumers to micropayments on a large scale and supported the steps taken by the SBP for creating a micropayment gateway in 2020.

She, however, added that while resolving the technical issues was important, it was more challenging to encourage people to engage in digital modes of payment.

The UNSGSA emphasised that in this regard the inclusion of new players was important, whereby they should not only be competing but also participating in expanding the delivery of services as well.