Digitization of the economy is the only way forward

expat_loyal

Councller (250+ posts)
Tania-Aidrus-Imran-Khan.jpg.webp


When we look at the main challenge faced by the countries, it is to limit human interaction and make transactions more and more digitally. It seems that besides a few initial teething problems, the transition was almost instant in the developed countries.

This is where we have miserably failed due to not just having sufficient infrastructure such as uninterrupted high-speed internet and equipment but also due to the non-digitized and human-intensive nature of the national economy.

Imagine if all these people queuing to get Rs12000 against the social distancing requirements could have mobile wallet or bank account then they could have got that while sitting at their home and all the efforts and money could have been saved.

Even those segments of society, which could have easily adopted the change such as the education sector, have largely failed, leaving the future of next generation in jeopardy. Even our education sector lacks basic facilities and infrastructure such as online remote learning failed due to not having the sufficient access to high speed internet and digital platforms.

https://tribune.com.pk/story/2196495/2-preparing-navigate-age-disruption/
 
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Truthstands

Minister (2k+ posts)
This is not about Tania only. She is a more than that. She's a doctrine and let me say IK vision name is Tania Doctrine.
She can lobby with big tech giants nad help them to explore the emerging markets and take the advantages of our young bright and intelligent workforce.
 

expat_loyal

Councller (250+ posts)
This is not about Tania only. She is a more than that. She's a doctrine and let me say IK vision name is Tania Doctrine.
She can lobby with big tech giants nad help them to explore the emerging markets and take the advantages of our young bright and intelligent workforce.
I think due to COVID19 issue this all has gone to back burner. Nothing happening the government is in fire fighting mode.
 

iltaf

Chief Minister (5k+ posts)
with digitization, indeed we can automate lots of manual processes. I have a team of experts and am willing to help the govt wherever I can and wherever they want but I dont have access to the decision makers. :(
 

expat_loyal

Councller (250+ posts)
with digitization, indeed we can automate lots of manual processes. I have a team of experts and am willing to help the govt wherever I can and wherever they want but I dont have access to the decision makers. :(
This is the problem the access is only limited to darbaris
 

omartariq314

New Member
i think Pakistan indeed has the capacity to reap the 4th Industrial revolution starting from the increase in mobile wallet and digital wallet app user. Currently all traditional transactions are being facilitated by automatic teller machines (ATMs) and shared banking networks, debit and credit card systems, electronic money and stored value applications, and electronic bill presentment and payment systems. Digital wallet payments is a natural evolution e-payment platform that will facilitate digital transactions & e-commerce. A wallet payment or digital wallet payment may be defined, for approval purposes, as all the payments where a mobile device via a mobile application will be used to initiate, authorize and confirm an exchange of financial value. These transactions will be conducted via Mobile devices may include mobile phones, Smartwatches, PDAs, wireless tablets and any other device that connect to mobile telecommunication network and make it possible for payments to be made.

If you’d like to learn how Digital payment can help you understand the general population of Pakistan, then please goto http://www.firstpristine.com/business-model-for-digital-payments/FirstPristine.