In a significant move towards enhancing digital payment solutions, 1LINK (Pvt) Limited has announced its partnership with the National Police Foundation, onboarding them as a Bill Aggregation Partner on its 1BILL platform. This collaboration is expected to streamline the payment of various services provided by the National Police Foundation through 1BILL’s secure and efficient digital […]
KARACHI: The State Bank of Pakistan (SBP) has expressed full confidence in the country’s digital payment infrastructure, reaffirming its capability to support the government’s increasing drive towards a cashless economy. Speaking at the “Future Banking Summit 2024” organized by Total Communications on Monday, Syed Sohail Javaad, Executive Director of the SBP’s Digital Financial Services Group, […]
In a landmark move to track and enhance the progress of digital payments, Pakistan is set to introduce a national Digital Payment Index (DPI), aiming to assess the penetration and effectiveness of digital payment infrastructure across the country. The initiative will provide a crucial tool for policymakers, financial institutions, and private sector players to gauge […]
KARACHI, – Visa, the global payments leader, has announced plans to significantly expand the number of businesses accepting digital payments in Pakistan over the next three years, with the aim of increasing this figure tenfold. Leila Serhan, Visa’s General Manager for Pakistan, North Africa, and Levant, shared this ambitious goal in an interview with Reuters. […]
Karachi, Pakistan – September 12, 2024 – Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, has announced the renewal of its strategic partnership with Mastercard, further expanding the reach and impact of the Faysal Islami Noor Card. This renewal marks a significant step in enhancing Pakistan’s Shariah-compliant digital payments landscape. The Faysal Islami […]
1LINK, Pakistan’s premier payment system operator, and Visa, a global leader in digital payments, have entered into a strategic partnership to drive innovation and streamline digital payment services across Pakistan. This collaboration introduces the integration of Visa Alias Directory Service within the 1LINK network, aimed at simplifying inbound remittances and significantly improving the user experience. […]
September 2024 — Bank Alfalah, one of Pakistan’s largest commercial banks, has announced a groundbreaking partnership with UnionPay International (UPI) to launch the country’s first PayPak co-badge platinum debit card. The collaboration marks a significant milestone in the banking industry, offering customers access to exclusive global privileges and seamless international transactions across 183 countries and […]
In a significant step toward advancing Pakistan’s digital economy, Mastercard has partnered with UPaisa, the digital financial services platform of U Microfinance Bank and Ufone 4G, to introduce a new physical and virtual debit card. This collaboration aims to offer consumers a secure, convenient, and seamless way to conduct digital transactions both locally and globally. […]
In a strategic move to revolutionize the energy sector, Jazz Business has joined forces with K-Electric to introduce its premier Analytics-as-a-Service solution, Quantica. This cutting-edge partnership is set to transform how K-Electric harnesses data, enabling more informed decision-making and driving innovation within the energy industry. Quantica, Jazz Business’s top-tier analytics platform, will empower K-Electric to […]
Karachi, Pakistan; 5th August 2024: Meezan Bank, Pakistan’s leading Islamic bank and Mastercard, have announced the renewal of their strategic partnership. This collaboration, formalized through a Memorandum of Understanding (MoU) signed by Syed Amir Ali – Deputy CEO of Meezan Bank, and Mr. J. K. Khalil – Regional President of Mastercard, aims to enhance Meezan Bank’s […]