A memorandum of understanding was signed today between Investech Partners, a global investment management and Inbox that is one of the largest information technology companies in Pakistan. Both the parties aim to establish next generation digital technologies based on Blockchain in Pakistan.
“We are excited to be partnering with Inbox, a key player in Pakistan’s technology landscape. We believe Pakistan has untapped potential as an investment location for digital platforms. With over 60 million smartphone users accessing high-speed internet, the country represents a significant domestic market for new innovative digital products and services. Blockchain has significant opportunities especially in areas of financial services focused on the unbanked, education, healthcare and retail,” states Thomas Stray – CEO Investech Partners.
“Our partnership with Investech Partners is part of our strategic plan to become a transformative digital platform organization in the country and the region. We believe in harnessing partnerships with global disruptive technology companies wanting to enter Pakistan as well as promote and invest in innovative Pakistani organizations that drive our digital economy.” states Mir Nasir – CEO Inbox.
“In the future, there will be more trillion dollar tokens than trillion dollar companies and cross-border, Blockchain-based, self-sovereign identity standards will emerge for individuals, as well as physical and virtual assets. Blockchain is the future and this partnership will help in bringing purposeful digital transformation in Pakistan”, states Haris Shamsi – Chief Digital Officer Inbox.
The partnership also intends to invest into Pakistani startups through Investech Partners emerging markets digital growth fund called Fusion.
“The goal of the Fusion fund is to invest in emerging technologies in emerging markets, such as Blockchain, which can help solve Billion plus people problems, because if we can do that we can create new Billion dollar companies within the emerging markets and beyond”, concludes Khurram Hamid – Chief Marketing and Strategy Officer Investech Partners.
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