Macro Timing is Ideal
Pakistan is India from 2015-2016 with its own payment public sector rails
Other EM using Pakistan as benchmark (besides SE Asia and India)
Pakistan is going through a digital curve right now
Cash is king but society has cash too
100 million internet connected devices, 1.5 million more smart phones per month
Regulations and Government
Government and CBs have forced banks to use fintechs for distribution
Borrowing rates from banks will be max 9%
Banks required to lend a minimum of around $30-40 million to fintechs
Will be impossible to do this because there are not enough fintechs
Will have to adjust quotas and discuss with government
Regulators are really pushing on the banks
Overall there are few fintechs, positive regulatory environment. Consider investing. Opportunity for the first unicorn.
Tiger made their first investment in Pakistan in Creditbook.