HBL Konnect Partners with Taj Petroleum to Drive Cashless Transactions Across Pakistan
HBL Konnect joins hands with Taj Petroleum to expand cashless transactions across retail sites, marts, and restaurants, strengthening financial accessibility and digital banking adoption nationwide.
Paysys Labs Expands Team with New Talent to Drive Innovation and Growth
Paysys Labs welcomes new professionals to its growing team, aiming to strengthen innovation, deliver cutting-edge financial technology solutions, and take on new challenges in Pakistan’s evolving digital payments ecosystem.
FBR Tightens Digital Transaction Integration Rules for Sales Tax Registered Businesses
The Federal Board of Revenue (FBR) has tightened sales tax compliance rules, requiring all integrated businesses to offer debit/credit card, QR code, and other digital payment options, register all outlets with its system, and issue real-time e-invoices, with strict penalties for violations.
SBP Launches Unified Digital Framework to Simplify Bank Account Opening for Individuals and Businesses
The State Bank of Pakistan has introduced a streamlined digital framework for customer onboarding, reducing paperwork and improving turnaround times for individuals and businesses opening accounts, while also pushing digital payment acceptance across merchants nationwide.
Zindigi and PayFast join forces to advance Pakistan’s digital payment landscape
Zindigi partners with PayFast to roll out advanced digital payment solutions in Pakistan, empowering businesses with secure, customizable systems and driving financial inclusion across the country.
Pakistan Cuts Bank Rewards for Overseas Remittance Inflows Despite Record $38.3 Billion
Pakistan has reduced rewards paid to banks and exchange companies for bringing in record overseas remittances, aiming to curb rising costs while pushing for more direct benefits to senders. The move comes alongside debates on promoting local payment networks like PayPak.
Dubai Islamic Bank and JazzCash Forge Partnership to Boost Digital Remittances and Support Pakistan’s Freelance Economy
Dubai Islamic Bank Pakistan and JazzCash have announced a strategic partnership to streamline international remittances and expand tailored digital financial solutions, especially for Pakistan’s growing freelance workforce.
Pakistan Sees Mobile Banking Users Surge Past 22 Million as Digital Adoption Accelerates
A new report by the State Bank of Pakistan reveals that mobile banking users have jumped by 33% to reach 22.39 million, highlighting the country’s rapid shift toward digital financial services and growing trust in mobile platforms.
Senate Committee Pushes for Wider Adoption of PayPak Cards Over Global Payment Giants
Pakistan’s Senate Standing Committee on Finance has called on banks to promote local PayPak cards over international options like Visa and MasterCard to strengthen the country’s digital payments ecosystem and reduce foreign dependency.
SBP Plans Easier Digital Payment Options for Traders to Expand Cashless Transactions
The State Bank of Pakistan is working on easing digital payment systems for traders to drive cashless transactions, aiming to increase mobile users, QR merchants, and total digital payments under its broader digital economy strategy.