December 19, 2024 KARACHI: Hutchison Ports KICT has partnered with Standard Chartered Bank Pakistan and Haball to implement an innovative digital payment solution aimed at streamlining and automating its payment systems. This collaboration positions Standard Chartered as one of KICT’s core banking partners, providing real-time, API-driven reporting and account rationalisation. The newly integrated payment platform, […]
Islamabad, December 21, 2024 – The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q1 FY25, showcasing the country’s significant progress towards a cashless and digitally inclusive economy. Covering the period from July to September 2024, the report highlights a surge in digital payment adoption, infrastructure development, and a gradual […]
ISLAMABAD, December 17, 2024 – This initiative marks a revolutionary development as a result of the significant meetings held by Chairperson Benazir Income Support Programme (BISP), Senator Rubina Khalid and Secretary BISP, Amer Ali Ahmad with representatives of the Bill & Melinda Gates Foundation and Karandaaz Pakistan, an impact investment platform dedicated to driving sustainable economic […]
Zindigi, powered by JS Bank, has announced a transformative partnership with Islamic Relief Pakistan to revolutionize the delivery of humanitarian aid through advanced digital solutions across Pakistan. This initiative aims to streamline disbursement processes, ensuring transparency and efficiency for beneficiaries in four provinces, 40 cities, the federal capital, and Azad Kashmir. The collaboration enhances the […]
LAHORE: The Punjab Information Technology Board (PITB) has joined forces with the Punjab Cooperative Housing Society (PCHS) to implement its innovative PayZen initiative, aiming to digitize and optimize payment processes within the society. The agreement, signed on Tuesday, establishes PayZen as the primary platform for all types of payments within PCHS, promising enhanced efficiency, transparency, […]
Karachi: The State Bank of Pakistan (SBP) has officially revoked the license of Al-Hameed International Money Exchange (Private) Limited under the provisions of the Foreign Exchange Regulations Act, 1947. In a statement issued on [insert date], the central bank cited multiple contraventions of applicable laws and SBP regulations as the basis for this decisive action. […]
The Saudi Central Bank (SAMA) announced the launch of ‘Samsung Pay’ through the national payment system ‘mada’ in Saudi Arabia as part of its ongoing efforts to enhance the digital payments ecosystem in the Kingdom, aligning with the Saudi Vision 2030. This initiative aims to promote financial inclusion and expand the use of fintech solutions […]
In a significant move to enhance Pakistan’s digital payments landscape, OPay Pakistan (OPaisa) has entered a multi-million-dollar strategic partnership with Faysal Bank Limited, a leading Islamic Bank in the country. This collaboration aims to empower businesses of all sizes—small, medium, and large—to seamlessly adopt digital payment solutions, advancing the nation’s journey towards a cashless economy. […]
In a significant move to enhance digital payment solutions, JS Bank, Kuickpay, and 1LINK have joined forces to facilitate the bulk onboarding of billers onto the 1BILL platform. A formal signing ceremony was held at the 1LINK 1HQ, attended by senior representatives from all three organizations. The event marked the presence of Mr. Syed Jafar […]
ACE Money Transfer, a global leader in the remittance industry, has been recognised by the State Bank of Pakistan (SBP) with a prestigious award for being the Fourth Largest Global Fintech by Remittance Volumes to Pakistan, reaffirming its position as a key driver of Pakistan’s remittance sectors. The award was presented at the 4th Pakistan […]