The National Bank of Pakistan (NBP) has taken a significant leap forward in its commitment to drive financial digitization by expanding its digital payment infrastructure to a broader network of institutions and service providers. This initiative is a part of NBP’s ongoing strategy to reduce cash dependency and foster a more transparent, secure, and convenient financial ecosystem for the people of Pakistan.
Under this expansion, several notable institutions have been successfully onboarded to NBP’s digital network. These include the Water and Sanitation Agency (WASA), Lahore Electric Supply Company (LESCO), University of the Punjab, WAPDA Employees Cooperative Housing Society in Gujranwala, Federal Science College, Government College University Faisalabad (GCUF), and Sandal College Faisalabad. These organizations will now benefit from NBP’s digital payment ecosystem, enabling them to collect utility bills, tuition fees, and other payments through secure digital channels.
The move significantly reduces the need for manual transactions and in-person banking visits, allowing customers to pay bills and fees through mobile applications or internet banking platforms from the comfort of their homes. With features like real-time tracking and instant confirmation, the system enhances financial management for institutions while also offering increased convenience and accessibility to the public.
By digitizing bill and fee collections, NBP’s platform helps organizations improve their operational efficiency, eliminate delays in revenue collection, and reduce risks associated with cash handling. Furthermore, digital channels support faster reconciliation, better cash flow management, and access to actionable financial data, enabling organizations to plan and make informed decisions more effectively.
The broader digital reach also benefits end users in remote and underserved areas who previously faced challenges in accessing physical banking channels. With seamless digital options, more customers can make timely payments, helping institutions expand their reach and improve user engagement.
Rehmat Ali Hasnie, President and CEO of NBP, emphasized the long-term vision of this initiative, stating, “By supporting the increase in digital transactions, we aim to contribute to the overall growth of the digital economy and reduce reliance on cash. As more firms join this system, we expect a rise in transaction volumes and service efficiency. Our goal is to build a strong digital footprint across Pakistan’s financial sector.”
This move aligns with the broader national agenda of a Digital Pakistan, where innovation, financial inclusion, and ease of access are central to economic transformation. NBP’s strategic push into digital infrastructure showcases how traditional banking institutions can evolve to meet the needs of modern users and institutions alike.
As Pakistan continues its digital journey, NBP’s initiatives are playing a pivotal role in enabling institutions to streamline their financial operations, reduce transactional friction, and embrace secure, scalable, and efficient payment solutions. The bank’s expanding digital footprint marks a critical step in shaping a more cashless, inclusive, and technology-driven financial future for the country.