DAVOS: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met with Mr. Oliver Jenkyn, Group President of Visa, on the sidelines of the World Economic Forum Annual Meeting in Davos, where both sides discussed cooperation in digital payments, financial innovation, and Pakistan’s evolving digital economy.
According to a statement issued by the Finance Division, the meeting focused on strengthening engagement between Pakistan and global payment networks as the country works to modernize its financial and economic systems. Discussions also covered broader trends in digital finance and the role of international partners in supporting secure and scalable payment solutions.
Visa Reaffirms Long-Term Engagement
Mr. Jenkyn reaffirmed Visa’s long-term commitment to Pakistan and expressed the company’s interest in supporting the country’s next phase of growth through innovation and knowledge sharing. He noted the global shift toward digital payments and emphasized the importance of policy clarity and an enabling environment to allow international platforms to operate and scale effectively.
Government Highlights Digital Reform Agenda
Senator Aurangzeb welcomed Visa’s continued engagement and emphasized the government’s focus on consistent policy and a clear reform roadmap. He said efforts were ongoing to strengthen the digital ecosystem, including connectivity, financial infrastructure, and regulations to support private sector innovation.
The finance minister highlighted initiatives promoting transparency, documentation, and digitization across sectors. He added that new digital and regulatory institutions reflect Pakistan’s commitment to becoming a “Digital Nation” and create opportunities for global partners.
Mr. Jenkyn noted the value of global platforms in ensuring security, resilience, and scalable solutions. He stressed balanced collaboration between government, regulators, and the private sector, and said Visa would continue sharing global best practices. He also highlighted rising tourism and cross-border activity as drivers for expanding payment solutions in Pakistan.
Both sides agreed to stay engaged as digital finance evolves and expressed confidence that continued collaboration would deliver practical results. Mr. Jenkyn reiterated Visa’s commitment to being a trusted partner in relevant policy and reforms.
