Islamabad – Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has joined hands with PayFast, a State Bank of Pakistan-licensed Payment Service Provider (PSP), to introduce an innovative bill payment solution via WhatsApp. This ground-breaking service allows PTCL customers to view and pay their bills directly through WhatsApp, marking a major milestone […]
Karachi, Pakistan – January 27, 2025 – Meezan Bank, Pakistan’s leading Islamic bank, has announced the launch of its Foreign Currency (FCY) Debit Card for Pakistani exporters and freelancers who hold an Exporters’ Special Foreign Currency Account (ESFCA) with the Bank. Powered by Mastercard, the FCY Debit Card is accepted worldwide and simplifies international payments, making […]
1LINK (Pvt) Limited, Pakistan’s premier payment gateway, has officially onboarded OneNetwork as a biller on its cutting-edge 1BILL platform. This strategic partnership aims to streamline the collection of MTAG toll payments, ensuring convenience and efficiency for users across the country. The signing ceremony was attended by senior leadership from both organizations, including Brig. Asif Siddique, […]
Islamabad: The Federal Board of Revenue (FBR) has been identified as a major roadblock to the implementation of QR code-based payment systems in Pakistan, the Senate Standing Committee on Finance was informed on Wednesday. According to an industry expert, Pakistan lags significantly behind other countries in adopting QR code technology, primarily due to merchants’ reluctance […]
The State Bank of Pakistan (SBP) is streamlining the merchant account opening process to encourage digital payments and ease onboarding procedures for merchants, Deputy Governor Dr. Inayat Hussain informed the Senate Standing Committee on Finance on Wednesday. To make the process more accessible, SBP is reducing the account-opening forms from the current 16 pages to […]
Visa (NYSE:V), a world leader in digital payments, today announced a partnership with Meezan Bank, the country’s leading Islamic bank, to unveil a unique proposition designed to empower the digitization journey of Pakistan’s student population. Eligible university students aged 18 to 24 years will be able to gain access to secure, convenient, and rewarding financial […]
Collaboration accelerates cashless transformation through innovative, consumer-centric initiative Backed by Delivery Hero’s global expertise, Mastercard and foodpanda’s initiatives will also foster inclusive growth in the country Karachi, Pakistan; 22 January 2025: Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nation’s […]
Karachi – In a significant move to enhance digital payment services in Pakistan, 1LINK has onboarded the National Bank of Pakistan (NBP) as a Reverse Bill Aggregator on its flagship 1BILL platform. The partnership is set to streamline bill collection processes and expand the reach of digital payment solutions across the country. The signing ceremony, […]
Google Pay, the global contactless payment platform, is preparing to make its official debut in Pakistan by mid-March 2025, marking a significant advancement in the country’s rapidly evolving digital payments ecosystem. The rollout, confirmed by Google in November 2024, will be facilitated through strategic collaborations with Visa, Mastercard, and leading local banks. Seamless Payment Integration […]
Islamabad – The Senate of Pakistan is set to deliberate on the Virtual Assets Bill 2025, introduced as a private member’s bill by Senator Dr. Afnan Ullah Khan. The proposed legislation aims to regulate virtual assets, including cryptocurrencies and blockchain-based technologies, while also paving the way for the introduction of a Digital Rupee backed by […]