{"id":85763,"date":"2022-12-29T04:00:59","date_gmt":"2022-12-29T04:00:59","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=4e992587d5801f636e6c6ccb860cd9b1"},"modified":"2022-12-29T04:00:59","modified_gmt":"2022-12-29T04:00:59","slug":"digitt-granted-pilot-launch-approval-in-pakistan","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/digitt-granted-pilot-launch-approval-in-pakistan\/","title":{"rendered":"Digitt+ Granted Pilot Launch Approval in Pakistan"},"content":{"rendered":"
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LAHORE, Pakistan, Dec. 29, 2022 \/PRNewswire\/ — Digitt+, Pakistan’s first\u00a0agriculture\u00a0focused Fintech,\u00a0today\u00a0announced\u00a0that\u00a0the\u00a0State\u00a0Bank\u00a0of Pakistan\u00a0has formally granted\u00a0it approval to\u00a0pilot launch\u00a0their Electronic Money\u00a0Institution\u00a0(EMI).\u00a0Digitt+\u00a0is\u00a0powered by\u00a0Akhtar\u00a0Fuiou\u00a0Technologies\u00a0(AFT).<\/p>\n

Digitt+<\/a>\u00a0is\u00a0committed\u00a0to\u00a0digitizing the\u00a0agricultural\u00a0ecosystem,\u00a0offering\u00a0financial\u00a0inclusion to\u00a0farmers\u00a0and\u00a0unbanked people through its technology, partnerships, and relationships with\u00a0agribusinesses\u00a0and\u00a0FMCGs\u00a0in\u00a0Pakistan.<\/p>\n

Digitt+ has partnered with FuiouPay, a leading international payment solutions provider,\u00a0to provide market-based alternative to the traditional banking system. FuiouPay offers\u00a0holistic enabling solutions through their seventy five intellectual property licenses and\u00a0several\u00a0patented\u00a0software.<\/p>\n

Qasim Akhtar Khan, Founder and Chief Strategy Officer at Digitt+ talked about the scale\u00a0and potential of the venture: “We look forward to providing financial technology solutions\u00a0to the farmers of Pakistan who will be able to open bank accounts and gain access to\u00a0credit\u00a0and\u00a0modern\u00a0digital financial\u00a0services\u00a0such\u00a0as\u00a0bill\u00a0payments,\u00a0e-commerce,\u00a0investments, and money transfers. This effort has the potential to solve food security\u00a0issues, enhance crop yields, and improve human welfare in Pakistan, directly impacting\u00a0thousands of\u00a0farmers\u00a0and\u00a0merchants.”<\/p>\n

Pakistan has been an agriculture powerhouse for decades. Agriculture employs almost\u00a0half of the country’s workforce and contributes about 25% to GDP. Despite its size and\u00a0prominence, the sector does not have commensurate access to financial services from\u00a0the banking system. Furthermore, recent climate change has devastated farmers and\u00a0deeply impacted\u00a0their\u00a0production,\u00a0thus\u00a0making\u00a0access to\u00a0financial\u00a0technology\u00a0all\u00a0the\u00a0more\u00a0important. Such services can provide much-needed access to formal banking channels\u00a0and\u00a0donor\u00a0agencies to\u00a0support\u00a0farmers in\u00a0adapting\u00a0to\u00a0climate\u00a0change.<\/p>\n

“At Digitt+, we are using technology to develop innovative digital financial products\u00a0focusing on\u00a0micro services\u00a0to\u00a0build\u00a0a\u00a0comprehensive\u00a0platform that\u00a0will\u00a0enable the\u00a0delivery\u00a0of these solutions to a wide range of users, not only for the retail Agri market but for the\u00a0corporate sector as well, through the provision of specialized business tools.” added\u00a0Ahmed\u00a0Saleemi, CEO\u00a0of\u00a0Digitt+,\u00a0giving\u00a0further insight\u00a0on\u00a0how\u00a0the\u00a0company would\u00a0unlock\u00a0the\u00a0potential\u00a0of\u00a0the\u00a0Agri\u00a0economy.<\/p>\n

Digitt+<\/a>\u00a0is braced to embark on a mission to revolutionize the Agriculture Fintech sector\u00a0in Pakistan. The approval from State Bank of Pakistan is an important milestone in that\u00a0direction.<\/p>\n

CONTACT: Noman Shabbir, noman@toplinepr.com<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

LAHORE, Pakistan, Dec. 29, 2022 \/PRNewswire\/ \u2014 Digitt+, Pakistan\u2019s first\u00a0agriculture\u00a0focused Fintech,\u00a0today\u00a0announced\u00a0that\u00a0the\u00a0State\u00a0Bank\u00a0of Pakistan\u00a0has formally granted\u00a0it approval to\u00a0pilot launch\u00a0their Electronic Money\u00a0Institution\u00a0(EMI).\u00a0Digitt+\u00a0is\u00a0powered by\u00a0Akhtar\u00a0Fuiou\u00a0Technologies\u00a0(AFT). Digitt+\u00a0is\u00a0committed\u00a0to\u00a0digitizing the\u00a0agricultural\u00a0ecosystem,\u00a0offering\u00a0financial\u00a0inclusion to\u00a0farmers\u00a0and\u00a0unbanked people through its technology, partnerships, and relationships with\u00a0agribusinesses\u00a0and\u00a0FMCGs\u00a0in\u00a0Pakistan. Digitt+ has partnered with FuiouPay, a leading international payment solutions provider,\u00a0to provide market-based alternative to the traditional banking system. FuiouPay offers\u00a0holistic enabling solutions through [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,343,2583],"tags":[],"yoast_head":"\nDigitt+ Granted Pilot Launch Approval in Pakistan - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/digitt-granted-pilot-launch-approval-in-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digitt+ Granted Pilot Launch Approval in Pakistan - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"LAHORE, Pakistan, Dec. 29, 2022 \/PRNewswire\/ \u2014 Digitt+, Pakistan\u2019s first\u00a0agriculture\u00a0focused Fintech,\u00a0today\u00a0announced\u00a0that\u00a0the\u00a0State\u00a0Bank\u00a0of Pakistan\u00a0has formally granted\u00a0it approval to\u00a0pilot launch\u00a0their Electronic Money\u00a0Institution\u00a0(EMI).\u00a0Digitt+\u00a0is\u00a0powered by\u00a0Akhtar\u00a0Fuiou\u00a0Technologies\u00a0(AFT). 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