Islamabad, Pakistan – Standard Chartered Bank (SCB) Pakistan has rolled out an upgraded IATA EASY PAY solution, uniquely customized for the Pakistan market. This advanced solution is designed to streamline BSP ticketing and payment processes for International Air Transport Association (IATA) agents across the country, offering them a seamless, efficient, and closed-loop payment mechanism. The […]
ISLAMABAD: Askari Bank is advancing its role in digital financial services with the launch of Pakistan’s first comprehensive cashless ecosystem initiative. This innovative project, aimed at building cashless communities, reflects the bank’s mission to bring customers closer through digital transformation and financial inclusion. Askari Bank’s digital journey has already seen pioneering efforts, including an indigenous […]
Partnership to Provide Seamless, Localized Payment Access Across 20+ Countries in Africa, Asia, and Latin America dLocal, a leading cross-border payment platform focused on emerging markets, has announced a major expansion of its strategic partnership with inDrive, a global mobility and urban services platform. This collaboration aims to address critical financial inclusion and payment challenges […]
Karachi: In a significant move to bolster home remittance services across Pakistan, JS Bank and BankIslami have announced a strategic partnership aimed at expanding secure and convenient remittance payouts nationwide. The collaboration combines the strengths and extensive retail networks of both institutions, promising improved accessibility and service for remittance beneficiaries. Under the partnership, JS Bank […]
In a major step toward accelerating payment digitization, the State Bank of Pakistan (SBP) and K-Electric (KE), Pakistan’s leading private power utility, have announced a partnership to initiate a Proof of Concept (PoC) under Raast’s Payment Initiation Service Provider (PISP) model. This collaboration marks a pivotal advancement in enhancing digital payment solutions for consumers across […]
Washington, DC – On the final day of his visit to Washington, DC, Federal Minister for Finance and Revenue, Muhammad Aurangzeb, wrapped up a series of strategic meetings with global financial leaders and institutions during the Annual Meetings of the World Bank Group and IMF. The Minister engaged in high-level discussions to bolster Pakistan’s financial […]
Dubai, 22 October 2024 – Emirates NBD, one of the leading banking groups in the Middle East, North Africa, and Türkiye (MENAT) region, has entered into a strategic agreement with Partior, a blockchain-based payment clearing and settlement platform. This collaboration positions Emirates NBD as the first regional bank to offer real-time payment settlements in UAE Dirhams, Saudi Riyals, […]
Islamabad, October 2024 – In a landmark development for Pakistan’s financial sector, the State Bank of Pakistan (SBP) has announced the successful integration of its Raast payment system with the Arab Monetary Fund’s (AMF) Buna cross-border payment platform. This historic collaboration allows for real-time, secure, and cost-effective payments between Pakistan and the Arab region, significantly […]
Islamabad – The National Database and Registration Authority (NADRA) has taken a major leap in its service delivery by signing an agreement with the Bank of Punjab (BOP) to facilitate digital payments for its services. The partnership marks a significant step towards streamlining and modernizing payment processes for NADRA’s vast array of public services. Under […]
Islamabad, October 18, 2024 – The State Bank of Pakistan (SBP) announced on Thursday that Raast, the country’s first instant payment system, has successfully processed 892 million transactions amounting to a total of Rs. 20 trillion. In an official statement, the central bank highlighted the rapid growth of Raast, noting that the most recent Rs. […]