Financial inclusion in Pakistan up by 9 percent between 2020-2022; KFIS


Financial inclusion in Pakistan has increased by 9 percentage points between 2020 and 2022, while a similar increase in financial inclusion was achieved over 7 years prior to the year 2020, said the Karandaaz Financial Inclusion Survey 2022 (KFIS).

Karandaaz Pakistan on Thursday hosted a webinar to share key findings of a nationally and provincially representative demand-side survey tracking financial inclusion in the country. The 2022 edition of the survey focuses on customer’s awareness and knowledge of key facets of interoperability in the financial services market.

Chairperson Karandaaz, Dr. Shamshad Akhtar said that the latest edition of the K-FIS showed that financial inclusion in Pakistan increased by 9 percentage points between 2020 and 2022. Mobile money has been a key driver of this push, with registered mobile money users having more than doubled from 9 percent to 19 percent of adult Pakistanis”.—APP