Pakistan signs MoU with US fintech for digital payments

Pakistan has signed a memorandum of understanding with World Liberty Financial’s affiliated entity, SC Financial Technologies LLC, to develop frameworks for digital payments and cross-border transaction infrastructure.

The government seeks to integrate the country more deeply into global digital finance systems.

The MoU was signed during a meeting between Prime Minister Muhammad Shehbaz Sharif and a US-based delegation of World Liberty Financial led by its Chief Executive Officer Zachary Witkoff, according to the press release.

The agreement focuses on structured dialogue and technical cooperation around emerging digital payment architectures, including cross-border settlement and foreign exchange processes.

Finance Minister Muhammad Aurangzeb signed the MoU on behalf of Pakistan, while Zachary Witkoff represented World Liberty Financial.

The signing was witnessed by the prime minister and Chief of Defence Forces and Chief of the Army Staff Field Marshal Syed Asim Munir.

Deputy Prime Minister Mohammad Ishaq Dar, SAPM Syed Tariq Fatemi and Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib were also present.

During the meeting, the prime minister outlined the government’s digital economy agenda, highlighting the rapid growth of digital payments and financial innovation as key components of Pakistan’s economic expansion.

He noted that increasing international engagement reflects rising interest in Pakistan’s digital financial markets and regulatory framework.

World Liberty Financial expressed interest in working with Pakistan on secure and transparent digital payment systems, with a particular focus on cross-border finance solutions.

The company cited Pakistan’s policy environment as supportive of innovation in digital finance.

The agreement came as Pakistan works to modernize its payments ecosystem, expand digital financial inclusion, and attract foreign investment into fintech and virtual asset-related infrastructure.