ISLAMABAD: Askari Bank is advancing its role in digital financial services with the launch of Pakistan’s first comprehensive cashless ecosystem initiative. This innovative project, aimed at building cashless communities, reflects the bank’s mission to bring customers closer through digital transformation and financial inclusion.
Askari Bank’s digital journey has already seen pioneering efforts, including an indigenous biometric verification solution integrated into its offerings. The new project, conceived and funded by Karandaaz Pakistan—a platform committed to fostering sustainable economic growth and financial inclusivity—is expected to elevate this mission to the next level. The project was developed in collaboration with Digital Miles, a fintech innovation lab, and seeks to digitalize everyday transactions within targeted communities.
The initiative was formally launched at a signing ceremony attended by senior executives, including Saleem Anwar, Acting President and CEO of Askari Bank; Ali Naqvi, Chief Digital Officer of Askari Bank; Waqas Ul Hasan, CEO of Karandaaz Pakistan; Sharjeel Murtaza, CDO of Karandaaz; Taimoor Ali, Group Head of DFS Projects at Karandaaz; and Rehan Ahmad Akhtar, CEO of Digital Miles.
In his remarks, Saleem Anwar highlighted the transformative potential of the project, stating, “This project marks a significant first step toward building financially inclusive and smart communities.”
CEO of Karandaaz Pakistan, Waqas Ul Hasan, echoed this vision, emphasizing that the project aligns with Karandaaz’s objective to foster a cashless ecosystem within Pakistan. “Starting with housing societies, this initiative will enable residents, merchants, and institutions to operate seamlessly in a fully digital environment, paving the way for a financially inclusive, efficient, and forward-looking community experience,” he added.
This groundbreaking collaboration underscores the commitment of both Askari Bank and Karandaaz Pakistan to reshape Pakistan’s financial landscape, setting a new standard for digital transactions and community integration in the country.
