SBP Directs Banks to Enable RAAST Payment System for E-Commerce &amp

SBP Directs Banks to Enable RAAST Payment System for E-Commerce & Online Stores by March 2025

The State Bank of Pakistan (SBP) has issued a directive requiring banks and financial institutions to integrate the RAAST payment system into e-commerce platforms and online shopping stores by March 31, 2025. The initiative aims to accelerate the digitization of merchant and business transactions across Pakistan. According to the SBP circular, banks must ensure that…

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United Bank Limited (UBL) Partners with Euronet Pakistan

United Bank Limited (UBL) Partners with Euronet Pakistan for Cards Processing & Acquiring

Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT), has secured a pivotal partnership with United Bank Limited (UBL) for credit card processing and POS driving services. Under this collaboration, UBL’s credit cards and POS terminals will migrate to Euronet’s PCI-compliant infrastructure, offering consolidated card management, tokenization, and acquiring services. The agreement, signed by senior…

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Ant Group Collaborates with NayaPay

Ant Group Collaborates with NayaPay & Alipay+ to Launch International Consumer Friendly Zones Program in China

Beijing, April 9, 2024 – In a significant development, NayaPay, a leading fintech platform in Pakistan, has forged a partnership with Alipay+ to facilitate direct payments at 80 million merchants across China through its NayaPay app. This groundbreaking initiative marks the first direct payment channel between Pakistan and China, strengthening commercial ties between the two…

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Easypaisa Launches QR Soundbox

Easypaisa Launches QR Soundbox to Revolutionize Digital Payments Landscape in Pakistan

In a move set to transform Pakistan’s digital financial landscape, easypaisa, the country’s premier digital financial services platform, has introduced the QR SoundBox. This innovative device promises to streamline digital transactions for both merchants and customers. The QR SoundBox offers a seamless solution, boasting a portable design equipped with a speaker for payment alerts and…

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Applications Open for 2024 Cohort at National Incubation Center Islamabad

Applications Open for 2024 Cohort at National Incubation Center Islamabad

The National Incubation Center, supported by Ignite – National Technology Fund under the Ministry of IT and Telecom Pakistan, has announced the opening of applications for its 2024 cohort. This initiative aims to attract visionary founders with a passion for building impactful companies. Entrepreneurs with innovative ideas and a drive to disrupt industries are encouraged…

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JS Bank Collaborates with Inspiring Women

JS Bank Collaborates with Inspiring Women to Empower Female Entrepreneurs

JS Bank is delighted to announce its partnership with Inspiring Women to provide training in financial management, budgeting, and saving for girls and women. This collaboration is a pivotal aspect of JS Bank’s Her Entrepreneurial Community initiative, aimed at empowering female entrepreneurs with the necessary guidance and support for personal and business growth. Through this…

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JazzCash Partners with Karachi Water &amp

JazzCash Partners with Karachi Water & Sewerage Corporation (KWSC) to Simplify Bill Payments and Contribute to a Cleaner Karachi

In a bid to enhance convenience and promote efficient urban management, JazzCash has joined forces with the Karachi Water & Sewerage Corporation (KWSC) to facilitate seamless bill payments and contribute to a cleaner Karachi. Karachi, Pakistan – [10 May, 2024] – JazzCash, a leading digital financial services provider, has announced a strategic partnership with the…

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Zafar Masud Elected as the New Chairman of the Pakistan Banks Association

Zafar Masud Elected as the New Chairman of the Pakistan Banks Association (PBA)

The Pakistan Banks’ Association (PBA) is delighted to announce the appointment of Mr. Zafar Masud, President & CEO of the Bank of Punjab (BOP), as the esteemed new Chairman of the Association. This transition follows the elevation of Mr. Muhammad Aurangzeb, the incumbent PBA Chairman, to the esteemed role of Federal Minister of Finance and…

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Easypaisa unveils ‘easypaisa Karobar’ Powered by Dukan

Easypaisa unveils ‘easypaisa Karobar’ Powered by Dukan to Empower Businesses Across Pakistan

KARACHI – easypaisa, Pakistan’s leading digital financial services platform, in collaboration with Dukan, has unveiled its groundbreaking ‘easypaisa Karobar’ ecosystem at prominent events held in Karachi and Lahore. This innovative platform is designed to address the operational and banking challenges faced by over two million retail merchants across the country, offering a comprehensive solution to…

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ZTBL and VRG Collaborate

ZTBL and VRG Collaborate to Introduce USSD Banking Solutions for Non-Smartphone Users in Pakistan

In a groundbreaking move towards enhancing digital accessibility in rural Pakistan, the Zarai Taraqiati Bank Limited (ZTBL) has partnered with VRG to introduce USSD Banking Solutions. This collaborative effort aims to empower farmers and individuals engaged in agribusiness across remote regions with convenient access to digital financial services. The innovative USSD Banking Solutions will cater…

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