Governments Must Enable Digitization To Improve Fiscal Space
Countries like China and South Korea adopted this cashless mode of payments years ago and consider it challenging to use any other alternative. Financial transactions through the mobile phone allow countries like Pakistan wider consumer reach and transparency of large and small transactions that cut corruption and undocumented facilitation fee. The government plays a critical role in establishing an ecosystem necessary for the ICT and technology industry to thrive. Pakistan has seen a fast-paced growth in tech over the last decade or so largely because of a growing middle class and an innovative telecommunications sector....