Pakistan’s SLG-Trax Moves to Acquire Singapore’s Finova to Expand Fintech and NBFC Operations
SLG-Trax Pakistan moves to acquire Singapore-based Finova Technologies to expand its fintech and NBFC operations, integrating digital payments, lending, and AI-powered credit solutions across its logistics and e-commerce platforms.
Allied Bank Partners with FGEI Rawalpindi to Digitize School and College Fee Payments
Allied Bank has partnered with Federal Government Educational Institutions (FGEI C/G) Rawalpindi to introduce a digitized fee payment system, enabling parents to pay school and college fees more securely and conveniently. This collaboration highlights the role of digital finance in improving accessibility and efficiency in Pakistan’s education sector.
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.
SBP Clarifies Two-Hour Cooling Period in Digital Fund Transfers to Prevent Fraud
SBP clarified that digital fund transfers in Pakistan are instant, with a two-hour cooling period applied only to branchless banking cash-outs and usage, serving as a safeguard against fraud.
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.
SBP Governor Inaugurates JazzCash Experience Lounge to Advance Pakistan’s Cashless Economy
SBP Governor Jameel Ahmad inaugurated the JazzCash Experience Lounge in Islamabad, showcasing digital payments innovations that aim to accelerate Pakistan’s shift toward a cashless economy.
DC Expands RAAST Aggregator Network by Onboarding KTrade Securities for Instant Investor Fund Transfers
The Central Depository Company of Pakistan has onboarded KTrade Securities to its RAAST Aggregator Platform, enabling faster digital fund transfers for retail investors and strengthening financial inclusion.
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.
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.