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 […]
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 […]