What Is The Future Of Digital Payments In Pakistan? Ft. Fawad Abdul Kader | 297 | TBT
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- เผยแพร่เมื่อ 21 ก.ค. 2024
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In tonight’s conversation with our special guest, Fawad Abdul Kader. What was his early life and education like? What was his first job like? His work experience at Bank Alfalah? What was working in Dubai like? How did working at MCB bank change his career? Introducing digital wallet space via MCB lite? What did digital payments & banking space look like up until 2021? Joining Alfalah & the launch of mobile paesa? What was shifting from Bank Alfalah to NiFT like? Why a large amount of the Pakistani population is still unbanked? The thought behind starting paymob? What does paymob offer? Integrating paymob online and physically? Fraud deduction mechanism of paymob and its strategy? The physical aspect of paymob’s payment method? How can a mobile phone be converted into a pos machine? The growth rate of paymob & the pos machines? Details of the pos machine? What is the future of the fintech market & paymob in Pakistan in the next 10 years? How does Fawad envision the Pakistan of 2050? Catch this and much more in tonight's episode.
#thoughtbehindthings #muzamilhasan #digitalpayment
00:00 Tonight’s guest: Fawad Abdul Kader
01:59 His early life & education
05:18 What did he teach after graduation?
05:44 Why didn’t he pursue teaching?
08:41 What was his first job like?
10:47 His work experience at Bank Alfalah
12:15 What was working in Dubai like?
13:44 Creating a call center in Lahore
16:45 How did working at MCB bank changed his career?
17:51 Introducing digital wallet space via MCB lite
20:18 What did digital payments & banking space look like up until 2021?
21:10 Joining Alfalah & the launch of mobile paesa
22:54 EOBI pension digitization & introducing Alfa
24:20 From Bank Alfalah to NiFT
26:15 Financial inclusion Vs. digitization of finances
28:16 Why a large amount of the Pakistani population is still unbanked?
33:09 The thought behind starting paymob
38:18 How did they start paymob?
39:45 Expanding it to Pakistan
40:41 What does paymob offer?
42:00 Online market & how paymob helps?
46:27 Integrating paymob online
51:25 Fraud deduction mechanism of paymob
54:39 Paymob’s strategy
56:52 How long does it take for the vendor to be able to receive the payment?
58:57 How does he earns from paymob?
1:00:49 Physical aspect of paymob’s payment method
1:04:06 Percentage of total market size
1:05:41 Buying a pos machine
1:08:35 How can a mobile phone be converted into a pos machine?
1:10:18 Advantage of the softpos
1:11:33 The growth rate of paymob & the pos machines
1:16:38 What’s the financial model for getting the pos machine?
1:17:26 Details of the pos machine
1:19:56 Is a debit or credit card needed for the transaction from this pos device?
1:21:33 How are pos machines dealing with QR in Pakistan?
1:27:45 Why did they expand to Pakistan?
1:31:24 What is the objective of paymob?
1:34:24 What is the future of the fintech market & paymob in Pakistan in the next 10 years?
1:42:50 How does Fawad envision the Pakistan of 2050?
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Oh Poor Pakistan, allah hu akbar kehne se economy and growth nahi aata.
India is leader in real time payment and UPI is miracle.
At 48 billion, India accounts for largest number of real-time digital financial transactions in the world. More than China. More than the US. Looks the host is not aware of this. This sort of digital payments penetration is in fact finishing off the cards business. Its easier and faster. And therefore, POS machines and ATMs are going out of fashion.
Host is aware of this all things. He is not saying this because his agenda against India will backfire that "Modi is facist how can he do this " .
Is there an online course for "ignore the gigantic population of India and make comparisons based on total value" or is it only taught in Indian universities? I'm also interested in other courses from the subject of silver linings such as "how to make Surrendernandan a hero".
@@ibratnak bro wake up , he is not comparing india with your country but china and US
@@ibratnak Lol. Go and check your Parliament session of that day how your top ministers are crying and telling each other that " Khuda ke wastey isse chor de warna humpe India hamla kar dega " .
@@MRNONE-qs3ec Yeah Indian tv channels even showed there were chants of "Modi Modi" in our parliament when it was "voting voting"
The funny thing is after UPI in India installed PoS machines actually declined. In 2021 it went from 6 million to 4.7 million. It might grow again.
We have Raast instant payment system better than UPI
UPI based on old technology
But Raast instant payment system based on new technology
But UPI change India digital payment system
@@ali179RB "We have Raast instant payment system better than UPI"
Based on what? An empty boast doesn't cut it.
India's UPI is a PIONEER and a ROLE MODEL in the area of govt provided payment backbone.
@@ali179RB hahaa..raast is copied from upi..
@@ali179RBmadrassa chaap delusions. 😂😂
QR can accept credit cards. This guy is working in financial services and he didn't know that 😂🤣
Looks like Pakistan's financial services is in 20th century
So now what Paytm is doing is that they are installing a sound box in store (irrespective of the size and business of the store) which say You received xx amount of money loudly everytime a transaction take place. Which makes the process more efficient and close to no chance of any fraudulent activity I think that's the way forward. How to make QR transaction more efficient what this guy is suggesting is a very regressive model of fin tech. Old school,Time consuming,Rusty.
When he said tell me time?
I want to watch
But i can't watch 2 hours
Time stamp??
Some very brilliant insights by Fawad Abdul Kader.
Muzammil you are really inspiring. Stay blessed ❤
Hi I'm Ariful Islam leeton im software engineer and members of the international organization who and members of the international telecommunications
PayPal of Pakistan, great initiative and huge opportunity.
You never compete with India in digital payment. India is no. 1 in real time digital payments.🎉
Guys kon kon katora Khan ko support karta h😂
Really informative 👏
Ghanta informative
56:00 they only provide APIs that's it, you use APIs on frontend do the transaction between bank and it ends, easy as that.
Detailed and Informative, need of the time!
In KSA, a merchant accepts a payment of even 1SAR. We need to normalize this in Pakistan too
They have 2 different traction, one for visa and one for they local exchange Mada
Keeping this in view, I think Pak should avoid visa/mastercard so as to avoid the problem of currency flight abroad
The delusion they have about UPI. Desperately the host has to prove that cards are better than UPI.
1. They think UPI login happens every time we pay
2. They think UPI does not have a credit system
3. They think cards have more comfortable
4. They think cards have more classes than UPI. The card is for the rich and UPI is for the poor?
5. Wait for the biggest delusion: Card and UPI has different market.
HOW? JUST HOW? Both are money paying methods. Every time a user while paying will make a decision to use a QR or card. How are they different markets?
Please for the sake of Allah just once again check how UPI works. Video should be available on youtube.
Phir pak agenda kese chlega 😂😂
Its better this way, let them be in a delusion. All they have is slander because they've lost the race with us long back. I just come here once in a while to see how salty and delusional they've become.
Time stamp??
I don’t know why many of Indians just jumped into such useless debates and discussions of Pakistanis and just you people define them things did they ask you for that? If he saying something just enjoy their thoughts and laugh, you know that yourself how easy and advance is UPI, those who haven’t used it and technically they are far behind they will keep their opinions prevalent over their population about technology and bogus achievements let be. Don’t always give valuable advice for free to these people, UPI won’t. be suitable for them because it need great internet infrastructure, IT and they don’t have that much capability to afford and make it free.
David Rubestain of Pakistan, informative but too long, had to listen them at x2 speed, start Urdu subtitles
How about merchants who are reluctant to be digitized to avoid getting into tax net, while the majority of the economy is cash based.
Muzammil needs to do more research on UPI to understand what it is and how big it is.
None of these gateways even comes close to stripe or razorpay.
Looks like Paymob's going to go a long way in Pakistan given the number of solutions they're providing. Looking forward to it!
UPI is better than this.☠☠
😊
Dude !
Do you heard about UPI ???
Or are you living in 20th century 😅
This is 21th century babe
Muzzamil you should bring your hero imran khan and his gf ayla malik in the next prodcast, would be interesting
Before listening whole podcast I wanna tell that the qoute you read is not belong to Jinah. I think
08:14:00
Muzammil bhai invite any survivor of APS attack in ur podcast
When rich peaple think they are from middle class..... Cringe.... I am middle class because we don't own Mercedes.....
8℅ of Indian own a car.
21,000 India rupees and above monthly salary, you are top 11℅ of Indian salary bracket.....
i missed this intro thank god
Muzamil as long as we have people like you in Pakistan we have hope.... thank you for bringing some amazing podcasts for us...
Hahaha these guys are gonna be wiped out by UPI
Urdu please FFSSS
Pakistan me bahut saare young log hai but zyada kar ke sab radicals aur uneducated hai 🤪🤪😳
1 min lol
First View
Follow @jeemcast
invite Qaiser Ahmed Raja please