Lahore: In a significant move to streamline payment processes within the agriculture sector, the Special Investment Facilitation Council (SIFC) has facilitated a memorandum of understanding (MOU) between a prominent fertilizer company and a leading digital wallet provider.
According to Ministry of Information and Broadcasting, the MOU is designed to economically empower farmers, particularly those who lack access to local banking facilities, enabling them to more actively participate in the economy. This partnership is expected to simplify money transactions for farmers, making it easier for them to conduct business and improve their financial security.
The initiative is part of a broader effort by the SIFC to address financial inclusion challenges in the agricultural sector and to ensure that farmers receive the support they need to thrive in an increasingly digital economy.