Bank of Khyber (BoK) has formally launched its Point-of-Sale (POS) acquiring services in partnership with KuickPay, marking an important step in the Bank’s digital transformation journey and its commitment to expanding Pakistan’s payments infrastructure. The launch ceremony was led by Hassan Raza, Managing Director & CEO of BoK, together with senior executives from both organizations, […]
As the UAE and GCC continue to strengthen their position as global hubs for fintech, crypto, AI, and digital innovation, the demand for robust regulatory compliance and cybersecurity solutions has never been greater. At the forefront of this transformation is SecureVisa Group, founded by Mr. Amir A. Kolahzadeh. SecureVisa Group specializes in navigating complex multi-regulator licensing frameworks across VARA, SCA, […]
KARACHI: The State Bank of Pakistan (SBP) said on Sunday that all digital fund transfers are settled instantly and beneficiaries receive funds in real time. However, the two hours cooling period, introduced in April 2023, applies only on the usage or cash-out of funds received in branchless banking accounts. Referring to the reports on social […]
Islamabad, Pakistan – In a strategic step towards enhancing the digital financial landscape of Pakistan, PayFast, a State Bank of Pakistan-licensed fintech, and Askari Bank, one of the country’s leading commercial banks, have signed a partnership agreement to launch a white-label checkout solution that makes use of Raast for easier payments. The signing ceremony, held […]
Amsterdam, Netherlands — Triple Jump, on behalf of ASN Impact Investors’ ASN Microkredietpool (AMP), has signed a €5 million term sheet with Pakistan’s Kashf Foundation. The financing will further strengthen Kashf’s mission of empowering low-income households, particularly women entrepreneurs, by expanding access to responsible financial services. The agreement underscores ASN Microkredietpool’s commitment to supporting inclusive […]
Islamabad — In a major step toward accelerating Pakistan’s transition to a cashless economy, the federal government has approved a Rs. 3.5 billion subsidy to promote merchant onboarding on the Raast platform and encourage wider adoption of digital payments through QR codes. The State Bank of Pakistan (SBP) announced that the incentive will support Person-to-Merchant […]
KARACHI – Jubilee Life Insurance Company Limited (JLI), Pakistan’s largest private sector insurer, and United Bank Limited (UBL), one of the country’s largest financial institutions, have entered into a strategic partnership to launch innovative insurance solutions aimed at delivering greater financial security and long-term value to customers. The new product offering is first of its […]
Karachi,19 September 2025: Alibaba.com, a leading B2B e-commerce platform, hosted its flagship event CoCreate 2025 in the United States of America, unveiling its most ambitious AI-driven transformation for global trade and creating opportunities for small and medium enterprises (SMEs) worldwide. Pace Sports, a Sialkot-based manufacturer of custom sportswear and sublimated team uniforms, represented Pakistan at […]
HBL-P@SHA ICT AWARDS 2025 RECOGNIZES DIVERSITY, GROWTH, AND COMPETITIVENESS OF PAKISTAN’S IT INDUSTRY Altogether 104 companies were honored, with 37 winners, 58 as runner-up, and 9 receiving special appreciation awards Lahore, 19 September 2025: Pakistan’s IT Industry Association (P@SHA) hosted its premier industry event, the HBL-P@SHA ICT Awards 2025, to celebrate country’s brightest minds in […]
ISLAMABAD: The State Bank of Pakistan (SBP) highlighted the country’s transition towards a cashless economy, with plans to digitize all payments by the federal and provincial governments by June 2026. All government-to-person and person-to-government payments would be converted to digital platforms by the end of June 2026. This was revealed by SBP officials while briefing […]