Karachi
\nVisa (NYSE: V), the world\u2019s leader in digital payments, has signed a Memorandum of Understanding (MoU) with Khazana Enterprise, a cloud-native technology provider for Government of Pakistan, in a strategic step towards driving digital transformation across the government sector in support of Pakistan\u2019s cashless future agenda.
\nThe MoU included a number of offerings including best practices between Visa and Khazana, which is serving leading government technology provider and various other government organisations for the provision of products and services across government entities, to boost the digitization of government collection and disbursement processes.
\nPaving the way for long-term cooperation, the MoUbrings together Visa\u2019s network of networks strategy and Khazana Enterprise\u2019s technological innovation to help empower government entities, small and medium businesses (SMBs), fuelling economic growth with the power of digital payments.
\nThe MoU is set to reinforce the collective objectives of both Visa and Khazana, expanding access to financial tools and knowledge for the advancement of financial inclusion.
\nLeila Serhan, Visa\u2019s Senior Vice President and Group Country Manager for North Africa, Levant and Pakistan said: \u201cAt Visa, we support companies that develop solutions to power seamless money movement.
\nWe are pleased to partner with Khazana Enterprise to digitize government payments, accelerating the move to digital in line with our commitment to financial empowerment and the Government of Pakistan\u2019s steady progress towards a cashless economy.
\nWe are confident that the convergence of Visa\u2019s deep payments expertise with Khazana\u2019s innovative technology will create limitless possibilities for the benefit of consumers and businesses across Pakistan, who are increasingly favouring digital payment options.\u201d
\nSvyatoslav Senyuta, Head of Visa Government Solutions, CEMEA said: \u201ceGovernment platforms are simplifying how citizens and businesses interact with many government departments and ministries.
\nI am super excited that our engagement with Khazana can led us on transformational journey of service delivery to be efficient and convenient public services and their transition to online environment improving citizen experience in Pakistan.
\nVisa will support the Khazana for all the extended support in term of best practices, global case studies and proven architecture for the implementation of enabling digital gov ecosystem so that citizens and businesses pay and get paid with a great user experience.
\nShafique U Rehman, Director and Chef Revenue Officer said: \u201cLeveraging public-private partnerships to bring government payments into the digital age, Visa and Khazana Enterprise aim to set the stage for electronic disbursements, facilitating making or receiving payments to or from the government.
\nBy better integrating services and payments, the companies also seek to enhance the entire journey of applying for benefits, as more government entities in Pakistan adopt an omnichannel approach.\u201d
\nAhsan Rasheed Khan, Khazana Enterprise\u2019s Chief Commercial Officer said: \u201cWe are excited to start this journey with Visa and lay the foundation step in our partnership for automating government-based payments.
\nWe are on a mission to democratize payments services & infrastructure for Pakistan\u2019s government sector by providing agile, innovative, and highly secure solutions & services to make this a reality.
\nThis partnership will leverage on the vast Visa expertise for providing innovative payment solutions bringing inclusivity across all government related payments for the end consumer\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi Visa (NYSE: V), the world\u2019s leader in digital payments, has signed a Memorandum of Understanding (MoU) with Khazana Enterprise, a cloud-native technology provider for Government of Pakistan, in a strategic step towards driving digital transformation across the government sector in support of Pakistan\u2019s cashless future agenda. The MoU included a number of offerings including […]<\/p>\n","protected":false},"author":2,"featured_media":303932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-303909","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n