New York (Lord Media): Bank of Punjab President Zafar Masud stated that despite 98% of Pakistan’s citizens having digital ID cards, only 30% of adults participate in formal banking. Speaking at a Mastercard event in New York, he discussed Pakistan’s inclusive future.
Masud emphasized the need to adapt the nation’s banking system to cater to freelancers and digital entrepreneurs. He suggested adopting trends like artificial intelligence and fintech for financial inclusion.
Highlighting the cultural issue of women’s low representation, he stressed the importance of supporting their professional development.
