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, […]
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 […]