The World Bank is backing projects in Pakistan to build access to credit and digital payment infrastructure for households and small businesses.
The move is part of the government’s 2015 National Financial Inclusion Strategy.
Only 10 percent of Pakistani households have a bank account; one-third of adults are borrowers, but only three percent get credit from financial institutions.
The Pakistan Microfinance Investment Company, the Central Directorate of National Savings, and the State Bank will manage the projects.
Photo credit: Telenor Group