QSPL, NADRA Technologies Sign Collaboration for Biometric Verification and Bill Payments
QSPL and NADRA Technologies Ltd. have entered a strategic collaboration covering biometric verification services and a utility bill payment switch.
Jubilee Life, Unikrew Enable MBVS-Compliant Digital Insurance Onboarding in Pakistan
Jubilee Life Insurance partners with Unikrew Solutions to introduce MBVS-compliant digital onboarding using fingerprint and facial biometric verification.
PSW Introduces Remote Biometric Verification Through NADRA PakID App
Pakistan Single Window integrates NADRA’s PakID Mobile App, enabling users to complete mandatory biometric verification remotely for subscription, renewal and profile updates.
Lahore High Court Declares Bank Customer Data as Property in SIM Swap Fraud Case
Lahore High Court has ruled that customer data held by banks can constitute property under Pakistani law and its dishonest misuse may amount to criminal breach of trust.
Pakistan Streamlines Banking Onboarding Procedures to Boost Ease of Doing Business
The Board of Investment and Financial Authorities Have Introduced Risk Based KYC and Digital Verification to Simplify Bank Account Opening for Businesses.
SECP Proposes Biometric and IBAN Verification for Digital Investor Onboarding to Curb Financial Crime
The Securities and Exchange Commission of Pakistan introduces a new framework for multi-biometric verification and IBAN-based investor onboarding to enhance AML compliance.
State Bank of Pakistan Introduces Dual Biometric System for Exchange Company Customer Verification
The State Bank of Pakistan has directed exchange companies to adopt facial recognition alongside thumb and fingerprint scans from January 1, 2026, enhancing security and reducing identity fraud in foreign exchange transactions.
BISP Transitions to Fully Digital Payments for 10 Million Women with Mobile Wallet Accounts
Over 10 million women under Pakistan’s Benazir Income Support Programme have received mobile wallet accounts, enabling digital cash transfers and reducing reliance on agents, with full digital payments targeted by June 2026.
Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25
The State Bank of Pakistan’s new biometric verification regulations take effect on October 25, 2025, with unverified mobile wallets and digital bank accounts facing immediate service blocks under the updated customer onboarding framework.
State Bank Launches Revised Framework to Digitize BISP Sahulat Account Onboarding Across Pilot Cities
The State Bank of Pakistan rolls out a revised framework for BISP Sahulat Accounts, introducing biometric verification and secure digital processes for onboarding beneficiaries in pilot cities.