SBP stresses secure payment systems for e-commerce at NeCC meeting

MG News | May 29, 2024 at 10:54 AM GMT+05:00

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May 29, 2024 (MLN): During the 9th National eCommerce Council (NeCC) meeting on Tuesday, the State Bank of Pakistan presented the current state of digital payment systems, emphasizing the crucial need for a robust and secure payment infrastructure to support eCommerce growth.

The meeting also featured the Trade Development Authority of Pakistan showcasing the Pakistan Trade Portal, which is aimed at building capacity for SMEs in eCommerce.

The portal currently registers 3,555 sellers, 1,342 buyers, and lists 8,345 products across 34 cities.

Going ahead, the Pakistan Software Houses Association (P@SHA) discussed the challenges faced by the IT sector and proposed strategies for its growth.

Meanwhile, Chain Store Association, addressed the dynamics of B2C retail eCommerce in Pakistan, providing insights into consumer behavior and market trends.

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