Pakistan Signs MoU With World Liberty Financial to Strengthen Digital Payments and Fintech Ecosystem
Pakistan has taken another step toward strengthening its digital financial landscape by signing a Memorandum of Understanding with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial. The agreement is aimed at expanding cooperation in digital financial services and accelerating the country’s shift toward modern, technology-driven payment systems.
The MoU was signed between the Ministry of Finance and SC Financial Technologies LLC. The signing was carried out by the Federal Minister for Finance and the Chief Executive Officer of SC Financial Technologies, reflecting a high-level commitment from both sides to advance the partnership.
The signing ceremony was attended by Asim Munir, highlighting the strategic importance the government is placing on digital finance and economic modernization. Officials described the presence of senior leadership as a signal of strong institutional backing for reforms in the financial sector.
Following the signing, a delegation from SC Financial Technologies also met with Shehbaz Sharif to discuss broader cooperation in fintech, digital payments, and financial inclusion. The meeting focused on aligning international expertise with Pakistan’s domestic priorities in the digital economy.
Under the MoU, World Liberty Financial will collaborate with Pakistan on developing advanced digital payment solutions, including cross-border digital payment systems. These initiatives are expected to support faster, cheaper, and more transparent transactions, particularly for remittances and international trade, areas that are critical to Pakistan’s economy.
Officials said the partnership aims to strengthen Pakistan’s fintech ecosystem by encouraging innovation, improving regulatory frameworks, and expanding access to digital financial services. Greater financial inclusion remains a key objective, with millions of Pakistanis still underserved by traditional banking systems.
As part of its broader digital finance strategy, the government has also decided to expand cooperation with leading global fintech institutions. Discussions are expected to begin on the potential use of stablecoins within Pakistan’s financial system, a move that could further modernize payment infrastructure while ensuring regulatory oversight.
In a related development, the Pakistan Virtual Asset Regulatory Authority, which was recently established, issued No Objection Certificates to Binance and HTX on December 12. These approvals allow both platforms to initiate local incorporation in Pakistan.
According to the authority, early approvals were granted after reviewing the governance, compliance, and risk management controls of both exchanges. The clearances enable them to register under the Anti-Money Laundering framework, establish local operations, and prepare full regulatory applications.
Experts believe these developments signal a coordinated push by Pakistan to position itself as a regulated and innovation-friendly destination for digital finance. By combining global partnerships with new regulatory institutions, the government aims to build trust, attract investment, and integrate Pakistan more deeply into the global digital economy.
