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Mobile Money Adoption Increased During Pandemic by 4%: Survey

Mobile Money Adoption Increased During Pandemic by 4%: Survey Karandaaz held a webinar to share the findings of the recently concluded survey on the impact of COVID-19 on financial behavior in Pakistan. This survey was designed and conducted in partnership with Kantar and is preceded by six waves of the Financial Inclusion Insights (FII) Survey. The FII survey is a nationally representative survey gauging financial inclusion and access to and use of mobile money and other digital financial services in Bangladesh, India, Indonesia, Kenya, Nigeria, Pakistan, Tanzania, and Uganda. In Pakistan, the last FII survey was implemented prior to the COVID-associated lockdown in March 2020. Subsequently, this survey was conducted from October 20 to December 30, 2020, to measure changes in financial inclusion compared to the FII Wave 6 survey implemented earlier in the year.

Financial inclusion

ADB advises Pakistan to address private sector s challenges

ADB advises Pakistan to address private sector’s challenges Business April 29, 2021 ISLAMABAD: The Asian Development Bank (ADB) on Wednesday advised Pakistan to address the challenges confronted by its private sector particularly small and medium enterprises (SMEs) that operate informally. “Policy challenge strengthening smaller enterprises to spur private sector development stronger small and medium-sized enterprises (SMEs) could collectively become an important pillar of the economy in Pakistan, able to absorb the significant numbers of youth entering the labor market,” ADB said in its flagship publication of Asian Development Outlook. “During recovery from COVID-19, the priority should be to restore economic health by jumpstarting SMEs’ operations and improving their access to financial services. The pandemic has highlighted that Pakistan needs to address the challenges of its private sector, in particular, the prevalence of SMEs that operate informally. “

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