Huawei Seeks Regulatory Support for Thriving Digital Financial Landscape
Staff Report
Chinese tech giant Huawei has called for providing regulatory support for innovation to foster a thriving digital financial landscape.
Mr. Ravenscroft’s VP Huawei Fintech emphasis on regulatory support for innovation is essential for fostering a thriving digital financial landscape, as demonstrated by success stories in Kenya and Ethiopia.
Caretaker Federal Minister for Information Technology & Telecommunication Dr. Umar Saif has said that we are committed to creating a secure and efficient digital payment ecosystem, along Huawei’s contribution to Pakistan’s ICT infrastructure is a promising step toward a digitally connected future.
He said while talking with a high-level delegation led by Mr. Ethan Sun, CEO of Huawei. The meeting discussed the importance of enhancing the digital economy of Pakistan.
Dr. Umar Saif further said that the combination of ICT infrastructure and a robust digital financial ecosystem indeed offers significant benefits like reducing transaction costs, enhancing security, and promoting financial inclusion. Key stakeholders, including banks, microfinance institutions, fintechs, and telecom companies, are integral to this progress.
“Technology, as exemplified by Huawei’s global efforts in mobile money and fintech solutions, plays a crucial role in advancing financial access and creating new opportunities”, Saif added.Huawei is eying investment in 5G Technology in Pakistan
The Huawei team was comprised of senior representatives and sector experts including Mr. Ethan Sun CEO of Huawei Pakistan, Mr. Ian Ravenscroft, VP of Huawei Fintech, Mr. Ahmed Bilal Masud, Director Subsidiary Board & Deputy CEO, and Mr. Yu Shaoning, Director of Public Affairs.
