Karachi, Pakistan – [Aug, 2025] — Neem, a leading embedded finance platform, has partnered with LAAM, Pakistan’s largest fashion marketplace, to enable seamless money movement across its ecosystem through Neem’s Wallet System and Payment Button solution. This partnership will enable LAAM to simplify seller payouts, collect digital payments from buyers, and issue instant refunds, all […]
The State Bank of Pakistan (SBP) has developed a comprehensive national implementation strategy to ensure the availability of digital payment acceptance infrastructure, including Raast QR codes, POS, and Soft POS, at all retail and commercial outlets across the country. In a strong push toward a cashless economy, the Prime Minister’s Office (PMO) has directed all […]
ISLAMABAD – July 28, 2025: In a major step to accelerate digital payments across the country, the federal government has directed that all electricity, gas, and telephone bills must carry printed QR codes, enabling seamless digital transactions. The decision was finalized during a high-level meeting chaired by Prime Minister Shehbaz Sharif, according to a national […]
Islamabad: In a bid to promote cashless transactions and enhance transparency in the economy, the State Bank of Pakistan (SBP) is formulating a comprehensive strategy to simplify digital payment methods for traders, according to a statement released by the Prime Minister’s Office (PMO) on Thursday. The development was shared during a weekly meeting on cashless […]
82% of consumers trust digital payments despite potential scams; 69% expect to use them more in the next 12 months 93% respondents worry their family, or friends might fall for a scam Karachi, Pakistan, June 30, 2025: A new study commissioned by Visa reveals a rise in consumer awareness and proactive security measures for digital payments across […]
ISLAMABAD: Pakistan Railways (PR) and Allied Bank Limited (ABL), Thursday, signed a memorandum of understanding (MoU) aimed at introducing modern Point of Sale (POS) systems across the railway network. The MoU signing ceremony was presided over by Federal Minister for Railways Hanif Abbasi. Under the agreement, advanced POS systems will be installed at 348 railway […]
Federal Minister for Finance, Senator Muhammad Aurangzeb, chaired a high-level meeting today at the Finance Division focused on advancing Pakistan’s transition toward a digital and less cash-dependent economy. The session brought together key stakeholders from the financial sector, including commercial banks, development finance institutions (DFIs), regulators, and investment experts. The participants, forming the core of […]
The State Bank of Pakistan (SBP) has initiated a nationwide “Go Cashless” campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Adha. This strategic initiative, in line with SBP’s goal of fostering digital financial inclusion throughout Pakistan, was officially launched today, May 20, 2025, and will run […]
Vopy, a portfolio company of Swedish investment firm Front Ventures, has secured a verbal order from a major digital bank in Pakistan to provide a freelance payment service. “The order comes from one of the major digital banks that Vopy’s management team visited in Pakistan, where the client wishes to launch the services as soon […]
KARACHI, Pakistan – In a significant move to bolster Pakistan’s digital payments landscape, the State Bank of Pakistan (SBP) has announced plans to establish a dedicated entity to oversee and drive the expansion of Raast, the country’s national instant payment system. The new entity will operate as a wholly owned subsidiary of the SBP and […]