Davos: Federal Minister for Finance and Revenue Muhammad Aurangzeb met Visa Group President Oliver Jenkyn on Wednesday on the sidelines of the World Economic Forum (WEF) Annual Meeting to discuss innovation in digital payments and Pakistan’s transition toward a modern, digitally enabled economy, according to a statement from the Finance Division.
During the meeting, both sides reviewed Pakistan’s evolving economic landscape and its engagement with global payment networks, with a focus on strengthening the country’s digital financial ecosystem.
Jenkyn reaffirmed Visa’s long-term commitment to Pakistan, expressing strong interest in supporting the country’s next phase of growth through secure payment solutions, innovation, and knowledge transfer. He highlighted the global shift toward digital payments and stressed the importance of policy clarity, openness, and an enabling environment to scale innovation effectively.
Aurangzeb welcomed Visa’s continued engagement and said that policy consistency and a clear reform roadmap were central to Pakistan’s economic strategy. He noted that the government was actively working to strengthen the digital ecosystem by improving connectivity, financial infrastructure, and regulatory frameworks to encourage private sector participation.
The finance minister emphasized that collaboration between global payment networks and local digital solutions would play a critical role in accelerating financial inclusion and expanding digital adoption across the country.
Aurangzeb also highlighted ongoing reforms aimed at promoting transparency, documentation of the economy, and digitisation across sectors. He added that these initiatives were creating new opportunities for trusted global partners and said the establishment of dedicated digital and regulatory institutions reflected the government’s commitment to positioning Pakistan as a “Digital Nation.”
Jenkyn underscored the value of global platforms such as Visa in providing security standards, resilience, and scalable payment solutions. He stressed the need for balanced cooperation between governments, regulators, and the private sector, adding that Visa was ready to share global best practices as financial technologies continue to evolve.
Both sides agreed to remain closely engaged as digital finance develops globally and locally, expressing confidence that sustained collaboration would lead to practical, market-ready solutions in the years ahead.
