Pakistan Railways Partners with 1LINK and Finnect to Enable Nationwide Digital Payments
Pakistan Railways has signed a strategic agreement with 1LINK and Finnect, with support from State Bank of Pakistan, to digitize its collection system across multiple banking channels. The move aligns with the government’s vision of creating a cashless economy.
Abbasi and Company Joins Bank AL Habib’s Digital Payment Initiative for PSX Brokers
Bank AL Habib partners with Abbasi and Company to launch Pakistan’s first QR-based digital payment solution for PSX brokers, aligning with the national vision of a cashless and transparent financial ecosystem.
Deadline Extended for Scam Awareness Media Competition as Pakistan Banks Association Joins as Patron
The Scam Awareness Media Competition, spearheaded by KSBL, JazzCash, and Mobilink Bank, has extended its submission deadline to 19th October 2025. The Pakistan Banks Association has joined as patron, further strengthening the nationwide campaign to combat scams and raise financial awareness.
Kuickpay Honored as Top Performer in Commercial Aggregator Category at 1BILL Connect 2025
Kuickpay has been recognized as the Top Performer in the Commercial Aggregator category at 1BILL Connect 2025, reflecting its dedication to driving digital payments, financial inclusion, and a cashless economy in Pakistan.
Bank of Khyber partners with KuickPay to launch POS services, driving digital payments in Pakistan
Bank of Khyber has launched its POS acquiring services in partnership with KuickPay, a strategic move aimed at expanding Pakistan’s digital payments infrastructure, supporting merchants, and promoting financial inclusion.
Govt Seeks SBP Review on Rs3.5 Billion Raast QR Subsidy Impact
The government has tasked the State Bank of Pakistan to prepare a detailed report on the Rs3.5 billion Raast QR subsidy, assessing its impact on merchant adoption, transaction volumes, and the growth of digital payments.
easypaisa Digital Bank Reports Rs. 3.64 Billion Profit Before Tax in H1 2025 Amid Strong User Growth
easypaisa digital bank has reported a profit before tax of Rs. 3.64 billion for the first half of 2025, reflecting 39.4% growth. The surge was fueled by higher digital lending, rising transaction volumes, and strong customer adoption, with active users crossing 18.2 million and deposits reaching Rs. 94.7 billion.
Faysal Bank partners with Smart1-Tech to bolster digital payments for Pakistan’s MSMEs
Faysal Bank teams up with fintech Smart1-Tech to expand secure digital payment solutions for Pakistan’s MSMEs, advancing financial inclusion and strengthening the country’s cashless payment infrastructure.
PM Initiates Major Push Towards Cashless Economy with Three High-Level Committees
Prime Minister Shehbaz Sharif launches three expert committees to fast-track Pakistan’s cashless economy, expanding RAAST and forming a national digital master plan for seamless digital transactions.