HBL and foodpanda Explore Strategic Partnership to Accelerate Digital Payments in Pakistan
HBL and foodpanda Pakistan are exploring a strategic collaboration to boost financial inclusion and unlock new growth opportunities by converting cash-on-delivery transactions into seamless digital payments, driving Pakistan’s digital commerce forward.
Neem Powers Launch of Leopards Wallet for Merchants Across Pakistan, Driving Fintech Innovation in Logistics
Neem partners with Leopards Courier Services to launch Leopards Wallet, empowering merchants across Pakistan with real-time settlements, digital payments, and financial control through advanced fintech infrastructure.
KPMG and Karandaaz Collaborate with SBP to Design Pakistan’s Digital Payment Escrow Framework
KPMG in Pakistan, in partnership with Karandaaz and the State Bank of Pakistan, hosted an industry consultation in Karachi to develop a strategic roadmap for digital payment escrow services, fostering collaboration across the financial and fintech ecosystem.
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.