A Revolutionary Transformation of Interoperable Payments Karachi, May 29, 2024 – In a groundbreaking move to revolutionize Pakistan’s digital payment landscape, 1LINK, in partnership with Raast, an initiative by the State Bank of Pakistan (SBP), and 13 merchant aggregators, has launched the 1GO Raast Person to Merchant (P2M) service. This significant event took place at […]
In a transformative move for Pakistan’s oil and gas sector, GOREX Pakistan and OMAP have signed a landmark agreement aimed at introducing groundbreaking technology. Mr. Asim Jamil, Chairman of GOREX Pakistan, and Mr. Tariq Wazir Ali, Chairman of OMAP, formalized the collaboration to usher in a new era of digitalization within the industry, leveraging the […]
Karachi: The State Bank of Pakistan (SBP) is set to revolutionize the traditional cattle markets during Eid-ul-Azha by introducing digital payment methods. This initiative aims to reduce cash transactions and promote financial inclusion in a market valued at an estimated Rs550-600 billion during the festival. The SBP has partnered with 25 banks to facilitate QR […]
Meezan Bank, Pakistan’s leading Islamic bank, has officially commenced operations of its wholly-owned subsidiary, Meezan Exchange Company Limited (MECL), in Karachi. MECL is set to offer comprehensive remittance and foreign exchange services to all customers. As a part of its initial expansion strategy, MECL aims to open 10 outlets nationwide within the first month of […]
Dubai Islamic Bank Pakistan and Lulu Exchange Sign Agreement to Enhance Remittances from UAE to Pakistan Dubai Islamic Bank Pakistan (DIBP) and Lulu Exchange have entered into a strategic partnership aimed at boosting remittances from the United Arab Emirates (UAE) to Pakistan. This collaboration is set to enhance financial services and facilitate smoother cross-border transactions […]
Raqami Islamic Digital Bank Ltd. (RIDBL), one of the leading contenders for the digital retail bank license under Pakistan’s 2022 Licensing and Regulatory Framework for Digital Banks, proudly announces a strategic partnership with 1LINK, the nation’s largest Payment Service Provider and Payment Service Operator. The partnership was formalized during a signing ceremony at the 1LINK […]
The Bank of Khyber (BoK) has unveiled a new tripartite arrangement with 1LINK and Kuickpay, aiming to simplify the bulk onboarding process for online billers. This significant development is expected to enhance efficiency and speed in business enrolment processes. The agreement was signed by Jawad Hassan Khan, Divisional Head of Alternate Delivery Channels at BoK; […]
PayFast Becomes First Payment Gateway to Launch Raast P2M Services Islamabad, Pakistan – May 17, 2024 – PayFast, Pakistan’s leading and commercially licensed payment service provider (PSP), has achieved a groundbreaking milestone by becoming the first payment gateway to go live with Raast Person-to-Merchant (P2M) services. This achievement enables PayFast’s partner businesses to accept payments […]
JS Bank, a leading financial institution in the country, has announced a strategic partnership with Euronet Pakistan, a division of Euronet Worldwide renowned for global payment processing and transaction services. This collaboration aims to revolutionize the management of debit card services and ATM operations. Under this agreement, JS Bank will leverage Euronet’s advanced infrastructure in […]
JazzCash and du Pay Forge Strategic Alliance to Revolutionize Cross-Border Payments In a move aimed at streamlining cross-border payments and bolstering financial accessibility, JazzCash, a leading digital financial services provider in Pakistan, has inked a strategic partnership with du Pay, a prominent fintech player based in the United Arab Emirates (UAE). The collaboration is poised […]