Karachi-based fintech firm Swich wins a 20 million grant for digital funds revolution

Karachi (Muhammad Yasir)

A fintech firm primarily based out of Karachi, Swich, has gained the Pakistan Innovation Hub Award that led to a grant of PKR 20 million, beneath the Ministry of Planning.

Presenting its progressive concept on the Pakistan Innovation Hub, Swich showcased its answer geared toward making a digital Pakistan, fostering monetary inclusion, and addressing vital macroeconomic challenges inside the nation. The proposal acquired an overwhelmingly constructive response, resulting in Swich’s choice as the very best grant winner.

This notable accomplishment signifies Swich’s unwavering dedication to revolutionizing digital

funds in Pakistan, whereas additionally highlighting the federal government’s profound belief within the firm’s imaginative and prescient.

Increasing on the information, the co-founder of Swich, Shah Aun Hussain briefed, “Swich is the primary software in Pakistan that’s offering main monetary companies empowering the retailer beneath a single software; we now have 1,000+ retailers already registered with month-to-month transaction processed worth above PKR 1 Billion which serves as product market match. As the subsequent step, we’ll use the help of related stakeholders to boost and scale this platform throughout Pakistan. Our win at Pakistan Innovation Hub just isn’t the cheque measurement, fairly the truth that the federal government believes that Swich could make a distinction in Pakistan, giving us

validation to digitize Pakistan’s financial system by the retail section”

Talking on the occasion, Federal Minister for planning, improvement & particular initiatives, Mr. Ahsen Iqbal stated, “Pakistan Innovation Hub is a platform for all entrepreneurs to showcase their concepts and take authorities help by way of grants to make use of as seed cash so as to add worth to the nation. This initiative will deliver some very promising firms of the long run to the limelight in flip empowering a affluent Pakistan, in step with Prime Minister’s imaginative and prescient 2025”