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Articles for tag: 1 Link, 10x, acceptance, card impact, digital payments, economic impact, expansion of digital transactions, financial inclusion, financial technology, increase, mobile payments, Pakistan, payment acceptance, payment infrastructure, point of sale (POS), QR payments, remittance security, remittances, sees, unbanked population, Visa, Visa cooperation

September 12, 2024

News Desk

Visa sees 10x increase in acceptance from Pakistan

KARACHI: Visa plans to tenfold the number of businesses accepting digital payments in Pakistan over the next three years, the payments giant’s managing director for Pakistan, North Africa and the Levant told Reuters. Leila Serhan’s comments came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances in the South Asian country and encouraging digital transactions. Pakistan, with a population of 240 million, is home to one of the largest unbanked populations in the world. Only 60% of the population of 137 million adults, or 83 million adults, have a bank account, according

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