Senator Aurangzeb, Mastercard explore digital payments cooperation

November 05, 2026 (MLN): Pakistan and Mastercard have discussed ways to strengthen cooperation in digital payments, financial inclusion and cybersecurity in line with Pakistan’s ongoing push towards a cashless economy.

Finance Minister Muhammad Aurangzeb said the government is committed to expanding digital payments, widening access to financial services and promoting greater efficiency and transparency across the economy, stressing that cybersecurity and fraud prevention must remain central to building a secure and resilient digital financial ecosystem.

Mastercard reaffirmed its long-term commitment to Pakistan and its interest in using its global expertise and technology to support the country’s digital transformation.

The discussion took place during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and a Mastercard delegation led by Mark Elliott, Division President, East Arabia, said a press release issued.

The delegation also included Arslan Khan, Country Manager for Pakistan and Afghanistan, and Jibran Jamshad, Director Public Sector for Pakistan and Afghanistan.

Senator Aurangzeb appreciated Mastercard’s longstanding engagement with the country’s financial sector and its continued interest in supporting digital transformation.

He emphasized the importance of the Prime Minister’s cashless economy initiative and the role of digital financial solutions in supporting agriculture, small and medium enterprises and other underserved segments, adding that expanding the reach of digital financial services would be essential for achieving financial inclusion on a larger scale.

The meeting also covered improving cross-border remittances, strengthening digital payment infrastructure and enhancing cybersecurity.

Mark Elliott pointed to opportunities for further collaboration in digital payment acceptance, financial inclusion, remittances and cybersecurity.

The finance minister welcomed Mastercard’s continued engagement and investment in Pakistan and reiterated the government’s commitment to facilitating innovation and strengthening public-private partnerships. Both sides expressed resolve to maintain close engagement and explore practical avenues of cooperation in support of Pakistan’s digital economy.

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