Red Envelope: From Lahore with Love

When we think about fintech development in the East, our
attention will likely go towards China, India, and southeast Asia
(ASEAN) regions. But what about the rest of the Asian countries,
such as Pakistan? Where do the opportunities lie in these
emerging markets?


In this episode of Red Envelope, a podcast series focused on
innovation in Asia, Arun Krishnakumar and Theodora Lau talk to
Rabeel Warraich, the first VC from Pakistan. Rabeel is an Oxford
and MIT alum, and after identifying the immense opportunity that
Pakistani ecosystem offered for seed and early stage startups, he
moved to his home turf.


In this episode, Rabeel provides his views on how Pakistan is
positioned to make the most of its "lack of legacy". Pakistan is
a greenfield project for Fintech and offers a consumer base of
200 Million people. The Pakistani government recently presented
its National Financial Inclusion Strategy through a five-year
plan that focuses on the enhancing the use of digital payments,
deposit base, promotion of SMEs and agricultural finance, and
Islamic banking. The opportunities are immense.


Rabeel also highlights the similarities that the Pakistani
ecosystem shares with India, Indonesia and Malaysia. Perhaps Ant
Financial’s foray into Pakistan through its $184.5 million
investment in Telenor Bank will serve to help the country
transition into a new era of cashless payments, lower the cost of
financial services, and stimulate the digital ecosystem.


To understand more about opportunities in Pakistan, listen into
this episode of Rhetoriq's podcast.


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