Faisalabad Electric Supply Company launches instant electricity bill payments using Raast gateway
FESCO integrates Raast payment gateway to allow consumers in Pakistan to pay electricity bills and demand notices instantly via QR codes.
HBL collaborates with PayPak and UnionPay to introduce unified dual network debit card
Pakistan largest debit card issuer HBL launches a co-badged card combining PayPak domestic reach with UnionPay global payment network.
World Bank Evaluation Group Rates Pakistan RISE Reform Programme Moderately Satisfactory
The Independent Evaluation Group rates Pakistan’s 856 million dollar RISE programme as moderately satisfactory, praising digital finance but noting structural gaps.
Mastercard and Bank of Punjab Expand Strategic Alliance for Cashless Economy
Senior leadership from Mastercard and The Bank of Punjab meet to deepen their alliance on digital transit payments and financial inclusion initiatives.
Cashless Pakistan Initiative Marks Major Milestones with Active Digital Merchants Quadrupling in First Year
Minister of State Bilal Azhar Kayani chairs a high-level review of the Cashless Pakistan initiative, noting an increase in active merchants to over two million.
Easypaisa and Pakistan Airports Authority Introduce QR Code Payments at Islamabad International Airport
Travelers can now utilize instant QR code payments for dining, shopping, and airport services at Islamabad International Airport.
State Bank of Pakistan Progress Report Shows Major Gains in Digital Payments and Financial Inclusion
The State Bank of Pakistan releases its NFIS annual progress report, highlighting a rapid increase in digital wallet adoption and reduced financial gender gaps.
U Microfinance Bank Limited Appoints Shamsulhaq Niaz as Chief Digital Officer to Drive Financial Innovation
Shamsulhaq Niaz steps into the role of Chief Digital Officer at U Microfinance Bank Limited bringing over fifteen years of global digital banking and fintech expertise.
State Bank of Pakistan Mandates Extended Banking Hours for Nationwide Tax Collection
The State Bank of Pakistan directs commercial banks to extend public dealing hours and ensure continuous online portal access for fiscal collection.
UBL Appoints Head Of E-Commerce To Strengthen Digital Payments And Merchant Ecosystem In Pakistan
A senior banking leadership appointment at United Bank Limited highlights a strategic push toward expanding digital payments, e-commerce enablement, and merchant solutions in Pakistan’s growing fintech landscape.