FBR’s Rs200,000 Cash Limit to Push Retailers and E-Commerce Towards Digital Payments
FBR has capped cash transactions at Rs200,000, including e-commerce CoD orders. The move is set to push retailers and consumers toward digital payments and financial inclusion.
Meezan Bank Hosts PayPak Hope Engagement Session at Mardan Branch
Meezan Bank Limited hosted a PayPak Hope Engagement Activity at its Mardan Branch, aiming to promote awareness of Pakistan’s local payment card scheme, support financial inclusion, and encourage adoption of secure digital banking practices.
aik by BankIslami Launches 14% Azadi Cashback Campaign for Independence Day
aik by BankIslami celebrates Pakistan’s 78th Independence Day with a limited-time 14% cashback campaign on all debit card and QR code transactions, reinforcing its commitment to Riba-free digital banking in the country.
Naveed Sultan Urges National Digital Policy for Pakistan to Unlock Fintech Growth and Global Competitiveness
Naveed Sultan, Professor at Imperial Business School and former Citigroup executive, calls for a national digital policy to drive fintech growth, e-governance, and financial inclusion in Pakistan, highlighting the need for an integrated and strategic approach to digital transformation.
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.
Pakistan’s Digital Payments Soar in Q3 FY25 with Over 2 Billion Transactions: SBP Report
The State Bank of Pakistan reports over 2 billion digital transactions in Q3 FY25, reflecting strong growth in mobile, wallet, and e-commerce payments as part of the country’s digital financial transformation.
SBP’s Q3 FY25 Report Highlights Major Growth in Digital Payments and E-Commerce Transactions
The State Bank of Pakistan’s third quarterly review for FY25 highlights a robust increase in digital payment adoption, driven by mobile banking, e-commerce, and QR transactions, with digital platforms handling 89% of all retail payments.
Digital Payments Dominate Retail Transactions in Pakistan, Hitting 89% Share in Q3 FY25
In Q3 FY25, digital payments accounted for 89% of Pakistan’s retail transactions by volume, with mobile banking, e-wallets, and Raast leading the shift toward a cashless economy, according to SBP’s latest report.
SBP to Roll Out PRISM+ Nationwide to Modernize Pakistan’s Digital Payment Infrastructure
The State Bank of Pakistan is set to launch PRISM+, an advanced digital payment and settlement system designed to transform the country’s financial infrastructure under Vision 2028, with full rollout beginning June 16, 2025.
Raast QR Payments Now Available in Mandis Across Pakistan: Faysal Bank Launches Cashless Eid Payment Solution
Faysal Bank introduces Raast QR payments across major Mandis in Pakistan, offering a safer, faster, and cashless method for Eid shopping. The initiative aligns with State Bank of Pakistan’s digital financial services push and provides consumers with a new avenue for secure transactions.