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Gallup Pakistan’s FinDev Cyberletter – A monthly newsletter on Financial Inclusion: Eighteenth Edition

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In this issue:

INFORMAL PAYMENTS COST GOVERNMENTS HUNDREDS OF BILLIONS IN REVENUE EACH YEAR

BENJAMIN FRANKLIN once declared: “Nothing is certain but death and taxes.” Scrub the taxes. Otherwise legal purchases of goods and services, which are deliberately concealed from public authorities, and on which taxes are not paid, make up perhaps one-third of the global economy.

A GUIDE TO WHAT’S HAPPENING IN THE FINTECH REVOLUTION

For the past decade fintech startups have offered new ways to help people handle money. As startups face more competition from tech giants and deep-pocketed banks, investors are turning their attention to fintech in new markets. Mobile phones are transforming finance.

HOW THREE FINTECH STARTUPS ARE DISRUPTING RETIREMENT PLANNING, BLENDING HUMAN AND TECH

The past decade saw the emergence of a number of digital investing solutions, such as Robinhood, Wealthfront, Betterment, Acorns, and a slew of others, all aiming to democratize access to investment products through low-cost, digital-only solutions.

JUST USABLE OR HIGHLY SUITABLE?

Given the pace of technology, there is increased focus on information communication technology (ICT). Several incubators have sprung up across Pakistan, aimed at developing products that can streamline routine tasks through digital platforms.

EPAY PUNJAB APP LAUNCHED TO FACILITATE THE EASE OF DOING BUSINESS

Provincial Finance Ministry of Punjab has launched the ePay Punjab App to facilitate the business to government and public to government transactions. The app is launched in collaboration with the central bank and Punjab Information Technology Board (PITB).

To access previous editions of FinDev Cyberletter: Please click here http://gallup.com.pk/polls/gilani-research-foundation-polls/findev-cyberletter/

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