Karandaaz supports micro, small, medium enterprise sector

CEO Karandaaz Ali Sarfraz has said that Karandaaz aims to catalyze the financial services industry towards greater financial inclusion by employing cutting-edge innovations and digital solutions for social impact.

Addressing at the conclusion of the two-day "Pakistan Innovative Finance Forum, Applying Innovative Finance Solutions to SME Sector," Sarfraz said that the State Bank of Pakistan (SBP) and Karandaaz signed an agreement to partner for the implementation of Micropayment Gateway, a part of the National Financial Inclusion Strategy.

He further said that Karandaaz aims to catalyze the financial services industry towards greater financial inclusion by employing cutting-edge innovations and digital solutions for social impact. "We collaborate across the financial services ecosystem to maximize impact through improved access to digital finance for low income, rural, and otherwise excluded population segments and this micropayment gateway will help us impact the financial inclusion paradigm in a significant and meaningful manner."

Karandaaz is supporting micro, small and medium enterprise sector in Pakistan through access to finance, promoting financial inclusion for unbanked populations by leveraging digital technologies, developing and disseminating evidence-based insights, and encouraging innovation in financial space. Karandaaz has received funding from the United Kingdom's Department for International Development (DFID) and Bill & Melinda Gates Foundation (BMGF).