Pakistan's credit card market reaches Rs8.5 billion, with banks eyeing growth through corporate cards.

As of October 2024, Pakistan's credit card portfolio reached Rs8.5 billion, about 1% of total consumer financing. Traditionally focusing on mass consumers, the financial sector sees potential in expanding to corporate and SMEs with business credit cards. These cards can help manage expenses, offering spending controls and discounts, while eliminating employee reimbursement issues. With fintech support, banks can diversify offerings, attract more businesses, and boost trust in the banking system. However, only a few banks currently offer corporate credit cards.

3 months ago
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