Thursday, 21 October 2021, 06:01:16 pm
Pakistan Int’l E-payment Gateway to pave way for financial inclusion, payment digitization: Tarin
September 21, 2021

Minister for Finance and Revenue, Shaukat Tarin says Pakistan International E-payment Gateway will pave the way for financial inclusion and payment digitization.

Presiding over meeting on the establishment of Pakistan IPG in Islamabad on Tuesday, he directed to follow best international practices and devise a way forward for implementing international payment gateway ensuring transparency.

He said that this is a sub-component of the 09-pillars of the E-Commerce policy and due consultation with key stakeholders should be ensured both in public and private sectors.

The chair also constituted a four-member Committee headed by Secretary Commerce, comprising representatives of Commerce Ministry, Finance Division and FBR to seek input from the President Pakistan Banking Association and leading market players from the private sector.

He said the government will be the facilitator and regulator in a journey towards implementing IPG. He said the establishment of international e-payment gateway will improve consumer confidence in E-Commerce through global connectivity.