📌 Key Highlights & Quick Takeaways:
- Minister of State and Chairman Pakistan Virtual Asset Regulatory Authority (PVARA) Bilal Bin Saqib met with MasterCard Divisional President.
- Pakistan and Mastercard discussed the possibilities of promoting advanced financial technology while making cross-border payments more effic.
- In this meeting, development of the remittance system on modern lines was discussed while promotion of responsible tokenization of financial.
Minister of State and Chairman Pakistan Virtual Asset Regulatory Authority (PVARA) Bilal Bin Saqib met with MasterCard Divisional President Mark Elliott to discuss the future of cross-border payments and digital assets.
Pakistan and Mastercard discussed the possibilities of promoting advanced financial technology while making cross-border payments more efficient through blockchain technology.
In this meeting, development of the remittance system on modern lines was discussed while promotion of responsible tokenization of financial assets was also discussed.
On this occasion, Bilal bin Saqib said that Pakistan receives remittances of more than 40 billion dollars annually. The development of the digital economy will create opportunities for overseas Pakistanis and businesses.
According to the statement issued regarding this meeting, issues of digital payments, cyber security and financial transparency were also discussed while emphasizing the need for an effective regulatory framework for consumer protection and financial stability.
