September 22, 2023

Karachi (Muhammad Yasir)

A fintech agency based totally out of Karachi, Swich, has gained the Pakistan Innovation Hub Award that led to a grant of PKR 20 million, beneath the Ministry of Planning.

Presenting its progressive idea on the Pakistan Innovation Hub, Swich showcased its reply geared towards making a digital Pakistan, fostering financial inclusion, and addressing important macroeconomic challenges contained in the nation. The proposal acquired an overwhelmingly constructive response, leading to Swich’s alternative as the perfect grant winner.

This notable accomplishment signifies Swich’s unwavering dedication to revolutionizing digital

funds in Pakistan, whereas moreover highlighting the federal authorities’s profound perception throughout the agency’s imaginative and prescient.

Growing on the knowledge, the co-founder of Swich, Shah Aun Hussain briefed, “Swich is the first software program in Pakistan that is providing foremost financial firms empowering the retailer beneath a single software program; we now have 1,000+ retailers already registered with month-to-month transaction processed value above PKR 1 Billion which serves as product market match. As the following step, we’ll use the assistance of associated stakeholders to spice up and scale this platform all through Pakistan. Our win at Pakistan Innovation Hub simply is not the cheque measurement, pretty the reality that the federal authorities believes that Swich may make a distinction in Pakistan, giving us

validation to digitize Pakistan’s monetary system by the retail part”

Speaking on the event, Federal Minister for planning, enchancment & explicit initiatives, Mr. Ahsen Iqbal acknowledged, “Pakistan Innovation Hub is a platform for all entrepreneurs to showcase their ideas and take authorities assist by means of grants to utilize as seed money in order so as to add value to the nation. This initiative will ship some very promising companies of the long term to the limelight in flip empowering a prosperous Pakistan, in keeping with Prime Minister’s imaginative and prescient 2025”