Introduction of latest mobile technology for a fully documented electronic payment system in Pakistan

Wolf Kunisch, Chief Operations Officer and Deputy CEO, of equensWorldline, accompanied by their Pakistan partners, Nawid Ahsan, Chairman and Aarij Ali, CEO of Mobi Direct (Pvt) Ltd, visited the OICCI on May 16, 2018 to inform about the introduction of latest mobile technology for a fully documented electronic payment system in Pakistan, based on already running concepts in Europe, USA and other advanced economies. They were of the view that it is the right time for introducing this technology in Pakistan which could take some time to catch on and be consolidated.

The visitors also wanted to learn about Chamber’s perspective of the country’s business climate and views on the proposed mobile technology. After a brief introduction about the OICCI profile and activities of the Chamber, OICCI CE/Secretary General, M. Abdul Aleem shared with the visitors, results of the OICCI sponsored Business Confidence Index survey, wave 15, released in November 2017, which shows that the business community confidence has gone up by a good margin as compared to the last survey, a couple of points from the OICCI members Perception and Investment Survey 2017, Net FDI in Pakistan vs OICCI members capital investment in the last five years, snapshot of OICCI listed members success story reflected in the very good CAGR during the period 2009-16 and the key OICCI recommendations to the government for a more conducive Business environment.

M. Abdul Aleem welcomed the proposed introduction of the latest technology to connect payers and payees and assured that this would be widely accepted in Pakistan, though the full implementation may take time.

© 2012 Overseas Investors Chambers of Commerce and Industry
The Overseas Investors Chamber of Commerce & Industry (OICCI) serves as the national point of reference for foreign investors in Pakistan. Established in 1860 as the Karachi Chamber of Commerce, it is the oldest of the existing chambers.