What Is The Future Of Digital Payments In Pakistan? Ft. Fawad Abdul Kader | 297 | TBT

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In tonight’s conversation with our special guest, Fawad Abdul Kader. What was his early life and education like? What was his first job like? His work experience at Bank Alfalah? What was working in Dubai like? How did working at MCB bank change his career? Introducing digital wallet space via MCB lite? What did digital payments & banking space look like up until 2021? Joining Alfalah & the launch of mobile paesa? What was shifting from Bank Alfalah to NiFT like? Why a large amount of the Pakistani population is still unbanked? The thought behind starting paymob? What does paymob offer? Integrating paymob online and physically? Fraud deduction mechanism of paymob and its strategy? The physical aspect of paymob’s payment method? How can a mobile phone be converted into a pos machine? The growth rate of paymob & the pos machines? Details of the pos machine? What is the future of the fintech market & paymob in Pakistan in the next 10 years? How does Fawad envision the Pakistan of 2050? Catch this and much more in tonight's episode.

#thoughtbehindthings #muzamilhasan #digitalpayment

00:00 Tonight’s guest: Fawad Abdul Kader
01:59 His early life & education
05:18 What did he teach after graduation?
05:44 Why didn’t he pursue teaching?
08:41 What was his first job like?
10:47 His work experience at Bank Alfalah
12:15 What was working in Dubai like?
13:44 Creating a call center in Lahore
16:45 How did working at MCB bank changed his career?
17:51 Introducing digital wallet space via MCB lite
20:18 What did digital payments & banking space look like up until 2021?
21:10 Joining Alfalah & the launch of mobile paesa
22:54 EOBI pension digitization & introducing Alfa
24:20 From Bank Alfalah to NiFT
26:15 Financial inclusion Vs. digitization of finances
28:16 Why a large amount of the Pakistani population is still unbanked?
33:09 The thought behind starting paymob
38:18 How did they start paymob?
39:45 Expanding it to Pakistan
40:41 What does paymob offer?
42:00 Online market & how paymob helps?
46:27 Integrating paymob online
51:25 Fraud deduction mechanism of paymob
54:39 Paymob’s strategy
56:52 How long does it take for the vendor to be able to receive the payment?
58:57 How does he earns from paymob?
1:00:49 Physical aspect of paymob’s payment method
1:04:06 Percentage of total market size
1:05:41 Buying a pos machine
1:08:35 How can a mobile phone be converted into a pos machine?
1:10:18 Advantage of the softpos
1:11:33 The growth rate of paymob & the pos machines
1:16:38 What’s the financial model for getting the pos machine?
1:17:26 Details of the pos machine
1:19:56 Is a debit or credit card needed for the transaction from this pos device?
1:21:33 How are pos machines dealing with QR in Pakistan?
1:27:45 Why did they expand to Pakistan?
1:31:24 What is the objective of paymob?
1:34:24 What is the future of the fintech market & paymob in Pakistan in the next 10 years?
1:42:50 How does Fawad envision the Pakistan of 2050?

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