Barq PK Secures SBP’s In-Principle Approval to Launch EMI Wallet in Pakistan
Barq PK has secured In-Principle Approval from the State Bank of Pakistan to establish an EMI Wallet, marking a significant milestone in advancing digital financial inclusion and accelerating the country’s transition toward a cashless economy.
PayFast and PayPak launch e-commerce discount campaign for PayPak cardholders across Pakistan
PayFast and PayPak have partnered to launch an exclusive e-commerce discount campaign for PayPak cardholders, aimed at encouraging digital payments and boosting Pakistan’s online shopping ecosystem.
NBP and NAB join forces to digitize refund disbursements with secure SmartPay solution
National Bank of Pakistan and NAB have partnered to digitize and secure refund transactions through SmartPay, streamlining disbursements and enhancing transparency in Pakistan’s financial ecosystem.
Banking sector expected to deliver strong double-digit returns through 2026 amid easing rates and digital expansion
Pakistan’s banking sector is set to maintain strong performance through 2026 as easing monetary conditions, deposit growth, and digital transformation drive earnings momentum, with major banks projected to deliver double-digit returns.
Premier Systems Signs Landmark Fintech Agreement with Fujian Centerm to Assemble Pakistan’s First POS Machines
Premier Systems has signed a Joint Technology Transfer and Development Agreement with Fujian Centerm to assemble Pakistan’s first locally manufactured POS machines, marking a major step toward strengthening the country’s fintech infrastructure and boosting its role in the global digital payments landscape.
Pakistan Receives $3.2 Billion in September 2025 Remittances, Surges 11.3% YoY
Pakistan received $3.2 billion in remittances in September 2025, marking an 11.3% YoY surge, driven by inflows from Saudi Arabia, UAE, and the UK, strengthening the external account.
JazzCash CEO Advocates Human-Centered Innovation to Redefine Global Remittances
At the IAMTN Global Summit 2025, JazzCash CEO Murtaza Ali highlighted the power of human-centered fintech innovation in shaping the future of global remittances, emphasizing trust, empowerment, and financial inclusion through digital channels.
PaySa and Covalent Forge Strategic Partnership to Accelerate Digital Payments Ecosystem in Pakistan
PaySa, a new Electronic Money Institution with in-principle approval from State Bank of Pakistan, has signed a strategic partnership with Covalent to implement its award-winning Taabiir platform. The collaboration aims to enhance Pakistan’s digital payments infrastructure and expand financial inclusion.
LUMS to host high-impact seminar on the future of fintech and digital money
LUMS is hosting a major fintech seminar bringing together leading banking and fintech experts to discuss the future of digital money, payments, blockchain, and innovation shaping Pakistan’s financial ecosystem.
Pakistan Railways Partners with 1LINK and Finnect to Enable Nationwide Digital Payments
Pakistan Railways has signed a strategic agreement with 1LINK and Finnect, with support from State Bank of Pakistan, to digitize its collection system across multiple banking channels. The move aligns with the government’s vision of creating a cashless economy.