ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met on Wednesday in Davos with Oliver Jenkyn, Group President of Visa, on the sidelines of the World Economic Forum Annual Meeting.
The meeting focused on strengthening collaboration in digital payments, financial innovation, and supporting Pakistan’s transition toward a modern, digitally enabled economy.During the meeting, both sides exchanged views on Pakistan’s evolving economic landscape and ongoing engagement with global payment networks.
Jenkyn reaffirmed Visa’s long-term commitment to Pakistan, emphasising the company’s strong interest in supporting the country’s next phase of growth through innovation, secure payment solutions, and knowledge transfer.
He highlighted the global shift toward digital payments and underscored the importance of policy clarity, openness, and an enabling environment to allow international partners to bring innovation to market at scale.
Senator Muhammad Aurangzeb welcomed Visa’s continued engagement and noted that policy consistency and a clear reform roadmap remained central to Pakistan’s economic strategy.
He shared that the government was actively working to strengthen the broader digital ecosystem, including improvements in connectivity, financial infrastructure, and regulatory frameworks, to support innovation and private sector participation.
The Finance Minister emphasized that collaboration between global payment networks and local solutions would play a key role in accelerating financial inclusion and digital adoption.
The finance minister also highlighted Pakistan’s ongoing efforts to promote transparency, documentation of the economy, and digitization across sectors, noting that these reforms were creating new opportunities for trusted global partners to contribute meaningfully.
He shared that the establishment of dedicated digital and regulatory institutions reflected the government’s commitment to positioning Pakistan as a “Digital Nation,” capable of supporting innovation while safeguarding economic stability.
Jenkyn underscored the value that global platforms such as Visa bring through security standards, resilience, and the ability to scale solutions rapidly.
He emphasized the importance of balanced and healthy collaboration between governments, regulators, and private sector partners, and expressed Visa’s readiness to continue sharing global perspectives and best practices as financial technologies evolve. He also noted that rising tourism and cross-border activity would further support the expansion of international payment solutions in Pakistan.
Both sides agreed on the importance of staying closely engaged as digital finance continues to evolve globally and locally, and expressed confidence that sustained collaboration would yield practical, market-ready solutions over the coming years. Jenkyn reiterated Visa’s commitment to continued investment in Pakistan and requested that the company be considered a trusted partner across relevant policy and reform initiatives.
Copyright Business Recorder, 2026
Comments