Pakistan fintech network says Saudi firms interested in investing in crypto, financial technology
ISLAMABAD: Interest in Pakistan’s fintech and crypto markets is rising, with more than a dozen Saudi companies signaling plans to invest after engaging Pakistani firms at a major financial technology gathering in Riyadh last week, according to the Pakistan Fintech Network (PFN) on Wednesday.
The Money20/20 Middle East conference, held in the Saudi capital from September 15 to 17, was aligned with the Kingdom’s Vision 2030, which seeks to foster innovation in financial services, strengthen collaboration between regulators, investors and startups and position Riyadh as a global fintech hub. The event brought together more than 450 brands, 600 investors and 350 speakers from over 40 countries.
According to PFN, more than 25 Pakistani fintech firms showcased their solutions at the forum, signing agreements and exploring opportunities in the Saudi market.
“They are interested in crypto exchanges, loan-lending fintech companies and financial institutions to tap the Pakistani market,” PFN CEO Fahad Sajjad told Arab News.
