Bilal Bin Saqib, Mastercard discuss digital-asset technologies

Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib and Mastercard’s East Arabia division president Mark Elliott discussed digital-asset infrastructure during a meeting, Mettis Global reported on November 5. Their agenda included blockchain applications for cross-border payments and remittances, tokenisation of financial assets, and broader access to digital financial services.

The discussion also covered digital-payment trends, cybersecurity and financial integrity, alongside regulation that supports innovation while protecting consumers and financial stability. Pakistan receives more than $40 billion in remittances each year, and the participants highlighted possible benefits for overseas Pakistanis, freelancers, small businesses and financial institutions. PVARA said the engagement fits its efforts to build international cooperation and a secure, transparent framework for virtual assets.