The Unbanked: A hundred-million question
In the context of developing countries like Pakistan, financial inclusion is generally considered to be more about broadening the access of formal financial services (payments, savings, loans, insurance products etc.) to individuals and Small & Medium Enterprises (SMEs) that are currently out of the banking system.
Blog on Agent onboarding and KYC requirements
Financial inclusion has been globally recognized as an important indicator of economic development. According to the World Bank’s Findex 2017 report, only 21.3% Pakistani adults have a formal bank account or about 6% of the world’s unbanked population lives in Pakistan.
Employment Generation through Housing Industry in Pakistan
Pakistan’s rising housing shortage is alarming. The gap has been widening due to population growth and an emerging trend in rural to urban migration.