IBFT fees down to 0 has helped the average Pakistani see the value of "transacting digitally" without fear. When you remove the barrier to entry you enable many in the ecosystem that were left out prior. @StateBank_Pak good on you for putting citizenry first. Regulation is hard
Esp as viewed by the private sector. So we must all come together to build on the success/rails/supportive regulator to figure out"what fees for what value"should remain in the system.Most things cant work with 0 fee, so use cases for incumbents who have invested must evolve too
This cant be a winner take all game or a zero sum game. The truth is some where in between.Without early market players & investments, digital systems would have not existed. Without infra from telcos/banks we wouldn't be here either esp not without a progressive regulator in tow
In the best eco-systems all parties must co-exist. The time & opportunity is now. The discussions should be around, how to scale the biz/use-cases away from fee regimes alone, to value based pricing. Who ever delivers the best value must be able to price accordingly& have support
Heres to hoping that regulators + pvt players all come together build a consensus & think beyond "the today" use case and think about shared success & a shared future. We are only getting started in this payments game best to co-opt each other vs being reductive in our approach.
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