Karachi Wedding Embraces Digital Salami with Raast QR in Cashless First
A Karachi wedding went cashless by introducing digital Salami through Raast QR, powered by Swich, offering guests instant, secure, and convenient gifting while blending technology with tradition.
RDA Records $164 Million Inflows in August, Cumulative Inflows Cross $10.9 Billion
Roshan Digital Accounts attracted $164 million inflows in August 2025, bringing cumulative inflows to $10.9 billion. Despite a slight decline from July, account activity and investments show steady growth.
Pakistan Rolls Out CBDC Pilot to Transform Financial Inclusion and Cut Cash Costs
The State Bank of Pakistan launches a pilot of its central bank digital currency (CBDC), aiming to digitize payments, lower cash handling costs, and bring millions of unbanked citizens into the formal economy.
TouchPoint’s CADEPO Surpasses PKR 5 Billion in Deposits, Transforming Retail Banking for Faysal Bank Customers
TouchPoint’s CADEPO platform, powered by QMatch, enables over PKR 5 billion in deposits for Faysal Bank retail customers, enhancing convenience, reliability, and efficiency in self-service banking across Pakistan.
AdalFi Surpasses $200M in Partner Lending with Minimal Defaults as AI Credit Gains Traction in Pakistan
AdalFi’s AI-driven lending platform has facilitated over $200M in partner loans in Pakistan, maintaining a default rate of just 0.2%, as banks leverage intelligent digital credit models for faster, safer lending.
AFI Global Financial Inclusion Awards 2025 Celebrate Innovation and Leadership in Inclusive Finance
The AFI Global Financial Inclusion Awards 2025 honored central banks, financial institutions, and leaders worldwide for advancing policies and innovation in inclusive finance, with the State Bank of Pakistan winning recognition for youth financial inclusion.
AdalFi Strengthens Leadership to Drive Digital Lending Growth Across MEA and Global Markets
AdalFi has appointed Ian Read as Head of Credit Excellence and Emre Unlusoy as Head of Sales MEA, strengthening its leadership team to expand digital lending across MEA and global markets.
Bank of Punjab Unveils Pakistan’s First Digital SME Lending Platform
The Bank of Punjab has launched Pakistan’s first fully digital SME lending platform, “BOP SME Digital Finance,” enabling collateral-free, end-to-end online loans. The initiative positions BOP as a leader in digital banking and SME finance innovation.
NIBAF Advances Data Analytics Skills with Training on Next-Level Excel and AI Tools
NIBAF Pakistan conducted a one-day training on September 5, 2025, in Karachi, led by Sumaira Ghouri, focusing on advanced Excel and AI-powered analytics to strengthen decision-making for officers from SBP, NIBAF, and commercial banks.
SBP Directs Banks to Expand Cash Deposit Machines for Digitization and Self-Service Banking
The State Bank of Pakistan has directed all commercial banks to expand the installation of Cash Deposit Machines (CDMs) across 25% of their branches by 2028, aiming to boost digitization, enhance customer convenience, and strengthen self-service banking channels.