The Digital Pakistan Vision focuses on bringing together multiple initiatives. It is considered to be a great success on part of the PTI government. People especially the young generation is very happy about the launching of this program. Digital Pakistan Vision has four strategic pillars.
These are:
-access and continuity.
-digital infrastructure.
-digital skilling and literacy
-innovation and entrepreneurship.
It was a dream of PM Imran Khan that comes true. Now the need is that the word should be spread throughout the whole country. Through this program, an online payment system will be implemented in all the business sectors of the country.
The rise of the Digital Payment, which includes traditional debit cards as well as mobile payments will lead to a steady shift in payment practices.
Till now Paypal is the most powerful digital wallet, that is well-known in the whole world. But unfortunately, Paypal not came to Pakistan.
More than 1.7 billion people in the world are still unable to participate in the formal financial system. The majority are women or poor people. India saves $2 billion by digital payments. Now by launching this Didital Pakistan Vision program in Pakistan digital payments, whether on mobile phones card or online will become available to everyone.
Cash-based transactions are also typically unsafe but unfortunately, Pakistani people are not very much aware of the unsafe cash-based payments.
This Digital Vision will help the Pakistani government in
-cost savings.
-transparency and security
-financial inclusion
-women's economic participation
-inclusive growth.
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