Govt to highlight Z-Wallet initiative on cashless economy soon: Tarar

Federal Minister for Information and Broadcasting Attaullah Tarar said on Monday that the government will spotlight the newly launched Z-Wallet at the upcoming high-level session on a cashless economy. He framed the service as a template for cooperation among banks, telecom operators and technology firms. According to Business Recorder, Tarar made the remarks at the product launch, a joint effort by Zindigi, Zong and JS Bank.

Tarar said the government aims to speed up the move towards cashless transactions by blending technology with financial services, with a focus on inclusion and transparency. He noted that Prime Minister Shehbaz Sharif formed a high-powered committee on the subject and personally chairs it. The Z-Wallet model will be featured at the committee's next meeting and in Prime Minister's Office communications so that other institutions can consider similar partnerships.

He said linking internet banking, telecommunications and technology could bring financial services to a larger part of the public. Tarar added that the government will keep backing collaborations that advance digitalisation and financial inclusion. He also stressed that technology paired with financial services has become essential for making access simpler for citizens.