Abstract:
payments, widespread internet and smartphone penetration, consumer
preferences for social media and booming online commerce. Also, the State Bank of
Pakistan provides sound regulations, which act as a platform for fintech growth.
While regulations are necessary, they might also become a threat for an industry
still in its infancy. This paper aims to provide a qualitative assessment of economic,
demographic and technological factors that are conducive for the penetration and
growth of fintech in Pakistan. A second, but no less important, objective of this paper
is to look at the regulatory framework governing fintech and its contribution in
making the segment an active or dormant player in the financial services industry.
