# The Opportunity in Pakistan

**Published by:** [jelca thinks](https://paragraph.com/@jess/)
**Published on:** 2022-02-09
**Categories:** fintech
**URL:** https://paragraph.com/@jess/pakistan

## Content

Macro Timing is IdealPakistan is India from 2015-2016 with its own payment public sector railsOther EM using Pakistan as benchmark (besides SE Asia and India)Pakistan is going through a digital curve right nowCash is king but society has cash tooMobile Penetration100 million internet connected devices, 1.5 million more smart phones per monthRegulations and GovernmentGovernment and CBs have forced banks to use fintechs for distributionBorrowing rates from banks will be max 9%Banks required to lend a minimum of around $30-40 million to fintechsWill be impossible to do this because there are not enough fintechsWill have to adjust quotas and discuss with governmentRegulators are really pushing on the banksOverall there are few fintechs, positive regulatory environment. Consider investing. Opportunity for the first unicorn.Tiger made their first investment in Pakistan in Creditbook.

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