Teamup and Pakistan Fintech Network (PFN) have signed a Memorandum of Understanding on the 9th of June 2021. The ceremony was attended by key personnel from both organizations. Nadeem Hussain, Chairman, PFN and Zouhair Khaliq, co-founder Teamup signed the MoU to open avenues for collaboration between the two parties. Both parties hope to leverage each other’s network of strategic partners and knowledge experts to boost innovation in the ecosystem.
Both organizations are keen to leverage respective institutional expertise in terms of technology, knowledge, network and management aspects towards strengthening Pakistan’s innovation and entrepreneurship ecosystem.
Fintech is one of the fastest growing sectors in the world. Technological advances, a growing base of tech savvy consumers with an increasing appetite for digital financial services, and willingness of incumbents to adopt technology and collaborate with emerging players, are driving a new wave of Fintech across the globe. Asia-Pacific, particularly is the fastest growing market for Fintech and Pakistan, witnessing a surge in investments, is becoming a prominent market in this vicinity.
Collaborations like these can accelerate the growth of the sector as a conducive environment is created for emerging players and disruptors.
“We are witnessing a boom in the Pakistani Fintech Space; there is a surge in investments and which is encouraging innovators to disrupt the space. Collaboration and creating synergies like these can help create a conducive environment to the growth of the sector ”– Zouhair Khaliq, co-founder Teamup
Both organizations are keen to leverage their respective institutional expertise to facilitate growth in the ecosystem through joint events, seminars and development of new projects.
“Fintech is taking off in Pakistan especially the payments, information and innovation side. It is the future with great prospect, opportunities, and developments. Collaboration with the key industry partners is the only way forward for the sustainability of fintech ecosystem in Pakistan”- Nadeem Hussain, Chairman Pakistan Fintech Network.