Lahore: The Ravi Urban Development Authority (RUDA) and Mastercard announced a collaboration on Thursday to transform the neighbourhood into a cashless economic zone and accelerate the country’s digital transformation.
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According to a press release, Mastercard will use its smart city solutions in the urban development project to allow residents, merchants, and government officials to engage easily and seamlessly through digital channels. Citizens will be able to use automated portals to make everyday payments as well as pay bills and utility services.
RUDA will gain efficiencies across its many procedures, including fee collecting and other administrative services, as a result of the agreement. RUDA wants to transform the province’s metropolitan districts into long-term, livable, and well-managed economic growth engines.
Ruda will receive assistance from Mastercard in realising this objective and establishing a cashless framework inside the community’s blueprint.
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“As Pakistan embraces the potential of digital payments, Mastercard is committed to fostering digital transformation in the country through our strategic public-private partnerships,” said Khalid Elgibali, division president, Middle East & North Africa, Mastercard.
He stated that they were collaborating with the government in many areas to digitise the country’s economic infrastructure and provide inhabitants and communities with a smart city experience.
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