DFID, Gates Foundation to set up digital financial services unit in Pakistan
Tuesday, November 18, 2014
ISLAMABAD: The United Kingdom (UK) government’s Department for International Development (DFID) on Monday signed a memorandum of understanding (MoU) with the Bill and Melinda Gates Foundation to set up a digital financial services (DFS) unit in Pakistan.
The MoU was signed at the International Branchless Banking Conference 2014, organised by the State Bank of Pakistan.
The DFID and the Gates Foundation stressed their commitment to increase access to affordable and safe digital financial services for excluded groups and small and medium enterprises in Pakistan. The foundation will provide $16 million over the next three years for the DFS unit