Pakistan Q1 FY26 Digital Payments Reach 2.8 Billion Transactions, Mobile Banking Dominates
Digital payments in Pakistan reached 2.8 billion transactions in Q1 FY26, with mobile app-based banking accounting for 81% of digital activity, highlighting rapid adoption of digital financial services.
Pakistan’s EMIs and the Arithmetic of Payments
Pakistan’s electronic money institutions face structural challenges in a rapidly digitising retail payments ecosystem. High transaction volumes, low wallet retention, and competition from branchless banking and Raast’s instant rails are shaping the survival and consolidation of EMIs, highlighting the intersection of technology, regulation, and financial incentives.
SECP Introduces RI Framework with Continuous Learning and Digital Verification Portal
The SECP unveils a proposed framework for Registered Intermediaries, introducing continuous learning, mandatory training, and expanded digital access via its Financial Institutions Portal to strengthen compliance and governance.
aik by BankIslami and VIZPRO Partner to Drive Shariah-Compliant Digital Finance for Retailers
aik by BankIslami has partnered with VIZPRO Pvt. Ltd. to advance Shariah-compliant digital payment and financing solutions across Pakistan’s retail ecosystem, reinforcing the growth of Islamic banking in the country.
Pak-Qatar Family Takaful IPO to Raise Rs1.1 Billion for Expansion and Digital Growth
Pak-Qatar Family Takaful Limited plans to raise Rs1.1 billion through Pakistan’s first dedicated Family Takaful IPO. The funds will expand digital channels, enhance customer products, and strengthen operations.
NBP’s Aitemaad Islamic Advance Salary Secures Silver at Qorus Reinvention Awards 2025
National Bank of Pakistan’s Aitemaad Islamic Advance Salary wins Silver at the 2025 Qorus Reinvention Awards, recognized for innovation, customer impact, and industry-first solutions in Islamic banking.
UN Observes International Day of Banks 2025, Emphasizing Sustainable Finance and SDG Alignment
The UN’s 2025 International Day of Banks spotlights the critical role of banks in financing a livable planet, closing the SDG financing gap, supporting climate action, and promoting inclusive digital financial systems worldwide.
NIBAF Training Program Empowers Banks with Digital Agri-Lending Solutions
NIBAF Pakistan conducted a two-day training in Faisalabad focused on advancing agri-lending through technology and innovative financial solutions, attended by 17 commercial bank officers and industry experts.
PayPak Usage Gap Sparks Push for Co-Badged Cards in Pakistan’s Digital Payments Ecosystem
Pakistan’s national payment scheme PayPak now accounts for over 25% of debit cards but only 6% usage. Regulators push co-badged cards to boost adoption, reduce reliance on foreign networks, and strengthen the country’s digital payments ecosystem.
NIBAF Pakistan Conducts Training on Evolving Crypto Regulatory Landscape
NIBAF Pakistan organized a 1-day online training on Pakistan’s new crypto regulatory landscape, led by Hassan Azwar of NACTA, guiding banking professionals on compliance, risks, and future regulatory directions.