SBP Directs Banks to Remain Open on January 31 for Government Tax Payments
The State Bank of Pakistan has instructed all commercial banks to remain open on January 31 to support government tax and duty collection, ensuring uninterrupted OTC and digital payment services nationwide.
Pakistan International Airlines Collaborates with Meezan Bank for Seamless Payment Solutions
Pakistan International Airlines partners with Meezan Bank to offer smoother payment options and enhanced customer convenience, reflecting a focus on innovation and service quality.
Finance Minister Announces Pakistan’s Inaugural Panda Bond Launch to Strengthen Debt Management
Pakistan plans to issue its first Panda bond in RMB to diversify funding sources, reduce debt servicing costs, and support structural economic reforms, Finance Minister Muhammad Aurangzeb said.
Al Baraka Bank Launches Digital Hub and PayPak Pink Debit Card to Boost Pakistan’s Digital Payments
Al Baraka Bank Pakistan, a founding member of PayPak Pink Debit Card, launches Digital Hub and Digital Auto Financing initiatives in collaboration with 1LINK, reinforcing the country’s digital payment ecosystem.
Ahson Bin Saeed Appointed CEO of Raast Payments Pakistan to Lead National Digital Payments Infrastructure
Ahson Bin Saeed has taken charge as Chief Executive Officer of Raast Payments Pakistan, a State Bank of Pakistan subsidiary responsible for operating and scaling the country’s instant digital payment system. His appointment comes as Pakistan continues to expand its digital payments and financial inclusion framework.
JazzCash reaches 57 million customers, drives cashless payments growth in Pakistan
JazzCash has surpassed 57 million customers, processing over PKR 15 trillion in transactions as QR-based payments, Raast integration and digital financial services accelerate Pakistan’s shift toward a cashless economy.
Dynamic Solutions Pakistan Introduces DirectPay Platform to Enhance Digital Payments Across Industries
Dynamic Solutions Pakistan has launched DirectPay, a secure and innovative digital payments platform offering bill payments, QR payments, IPG, API integration, and custom app development to streamline transactions across multiple sectors.
Digitt+ Introduces Behavioural Analytics and Data-Driven Payment Solutions for Pakistan’s Digital Finance
Digitt+ launches a behavioural analytics layer and data-driven products for digital payments in Pakistan, providing real-time insights across transactions, card spend, and bill payments to enhance financial transparency and user engagement.
Pakistan Plans Mandatory Digital Payments, Raast QR Integration Under New Law
Pakistan’s Finance Division has drafted amendments to the PS&EFT Act, 2007 to mandate digital payment acceptance, expand Raast QR adoption, and empower local governments as part of the Cashless Pakistan initiative.
SBP Q1 FY26 Payment Systems Review Highlights Surge in Digital and Mobile Payments
The State Bank of Pakistan has released its first Quarterly Payment Systems Review for FY26, reporting strong growth in digital, mobile app-based and Raast payments, reflecting Pakistan’s accelerating shift toward a digitally enabled payments ecosystem.