Strategic collaboration enables real-time multi-currency access from Payoneer Virtual Account via Meezan Bank’s mobile banking app, contributing to the growth of Pakistan’s digital economy Karachi, March 5th, 2025: Payoneer (NASDAQ: PAYO) the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, has partnered with Meezan Bank, Pakistan’s […]
Islamabad, Pakistan – In a landmark move to enhance financial accessibility, 1LINK has joined forces with NADRA Technologies Limited (NTL) and United Bank Limited (UBL) to introduce Cash-In transactions for all banks across Pakistan. This initiative is being launched under the UBL Super Agency Agreement between NTL and UBL and will be facilitated through NADRA’s […]
The State Bank of Pakistan (SBP) has introduced the Raast Participation Criteria, outlining the minimum requirements for entities interested in joining the country’s instant payment system. This initiative aims to enhance digital payment accessibility, promote innovation, and increase competition in the financial sector. Raast: Pakistan’s Instant Payment System Launched in 2021, Raast is a state-of-the-art […]
Islamabad, Pakistan – In a significant step towards digital financial inclusion, JazzCash, Pakistan’s leading fintech organization, has partnered with Pakistan International Airlines (PIA) to facilitate digital payments for flight bookings. This collaboration is set to benefit JazzCash’s 48 million customers, particularly those in rural and semi-urban areas who have limited access to traditional banking services. […]
Islamabad – The Ministry of Information Technology and Telecommunication (MoIT&T) is actively engaged in discussions with global payment giant PayPal to facilitate its entry into the Pakistani market, Minister for Finance and Revenue Senator Muhammad Aurangzeb informed the National Assembly in a written response. He stated that the State Bank of Pakistan (SBP) has expressed […]
barq Holding, the parent company of barq Financial, has officially launched its barq Digital Wallet in Pakistan as part of its international expansion strategy. The move aims to enhance digital payment solutions and promote financial inclusion in the region. The launch follows the remarkable success of the barq Financial app in Saudi Arabia, where it has emerged […]
Karachi – Visa (NYSE: V), a global leader in digital payments, has released a whitepaper emphasizing the benefits of digitizing SME payments, identifying over $121 billion worth of SME B2B transactions in Pakistan primed for digital transformation. Umar S. Khan, Country Manager for Pakistan & Afghanistan at Visa, highlighted the critical role of SMEs in the […]
KARACHI – September 24, 2024: Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has signed a strategic Memorandum of Understanding (MoU) with Pakistan State Oil (PSO) to enhance digital payment acceptance at PSO fuel stations across the country. The collaboration aims to advance Pakistan’s digital financial ecosystem by deploying innovative payment solutions, ensuring […]
Karachi, Pakistan, January 29, 2025: Visa (NYSE: V), a world leader in digital payments hosted its inaugural market focused client event – Visa Connect Karachi – last week. Attended by more than 200 participants including senior members of the State Bank of Pakistan and the Pakistani financial industry, it marked the first event of its […]
Islamabad: The Federal Board of Revenue (FBR) has directed all retailers operating under the Point of Sale (POS) system to integrate digital payment facilities, including debit and credit card machines, QR codes, or any other available digital transaction modes at all sales points. The directive was issued through S.R.O. 69(l)/2025, amending the Sales Tax Rules, […]