Pakistan Accelerates Towards a Cashless Future with Rapid Digital Payments Growth
Pakistan’s digital payments ecosystem recorded significant growth in FY 2024-25, with a 38% rise in transactions, widespread adoption of QR payments, and expanded branchless banking services, marking a major step towards a cashless and inclusive economy.
Swich Partners with HBL Konnect as Agent Network Manager to Drive Financial Inclusion Across Pakistan
Swich has partnered with HBL Konnect as an Agent Network Manager, starting in Karachi and expanding nationwide, to drive financial inclusion, empower SMEs, and strengthen Pakistan’s fintech ecosystem.
Puma Becomes First Oil Marketing Company to Enable Cashless Economy in Pakistan with HBL Konnect
Puma has partnered with HBL Konnect to become Pakistan’s first oil marketing company offering cashless payments and branchless banking at fuel stations, driving digital adoption and customer convenience.
Banks and Financial Institutions to Close on August 14 for Independence Day Observance
The State Bank of Pakistan has announced that all banks, microfinance institutions, and development finance institutions will remain closed on August 14, 2025, for Independence Day, with digital banking channels expected to remain available for essential transactions.