Pakistan Moves Toward Cashless Trade as SBP and LCCI Launch QR Code Payment System
The State Bank of Pakistan and the Lahore Chamber of Commerce and Industry are rolling out a QR code payment system to promote cashless transactions and streamline digital payments for businesses.
Visa and Euronet Partner to Enable Real-Time Clearing and Expand Digital Payments in Pakistan
Visa and Euronet Pakistan have partnered to launch Visa SMS, introducing real-time clearing and settlement for POS transactions. The initiative aims to enhance efficiency, accelerate merchant onboarding, and expand digital payment acceptance across Pakistan.
Neem expands into retail with DigiKhata partnership to accelerate SME payouts in Pakistan
Neem has partnered with DigiKhata to introduce instant and secure payout capabilities for SMEs in Pakistan, integrating its wallet and ledger infrastructure into DigiKhata’s platform while setting the stage for future embedded lending solutions.
Governor SBP Highlights Collaboration and Innovation as Key to Pakistan’s Digital Finance Future
Governor State Bank of Pakistan, Jameel Ahmad, stresses collaboration among banks, fintechs, and regulators to accelerate digital financial services, enhance inclusion, and strengthen cybersecurity at the Future of Banking Summit 2025.
Pakistan Showcases FinTech Innovations at Singapore FinTech Festival 2025
Pakistan’s fintech sector shines at Singapore FinTech Festival 2025, with Pakistani companies showcasing innovations, attracting international investors, and fostering global collaborations in digital finance.
Cashless Economy Drive Faces Hurdles as Only 700,000 Retailers Adopt Digital Payments
Pakistan’s cashless economy initiative faces challenges as less than 700,000 retailers currently offer digital payment options, highlighting the gap between government targets and implementation.
Bank of Khyber and Daraz Join Forces to Drive the Next Wave of Digital Commerce in Pakistan
The Bank of Khyber (BoK) has partnered with Daraz to accelerate the future of digital commerce in Pakistan, enhancing convenience, innovation, and financial accessibility for online shoppers and merchants across the country.
CDA Introduces Cashless One Window System to Drive Islamabad’s Digital Transformation
The Capital Development Authority launches a cashless One Window System in Islamabad, enabling digital payments for civic services and moving the capital closer to becoming Pakistan’s first fully digital and smart city.
PayFast Partners with Garaj Cloud by Jazz Business to Strengthen Pakistan’s Digital Payment Infrastructure
PayFast has partnered with Garaj Cloud by Jazz Business to strengthen its cloud infrastructure, ensuring secure, scalable, and reliable digital payment services. This strategic collaboration reinforces Pakistan’s fintech ecosystem and supports the country’s broader shift toward a digital economy.
Askari Bank and 1LINK join hands to drive cashless payments with 1GO Raast P2M acceptance
Askari Bank and 1LINK have signed an agreement to enable 1GO Raast P2M acceptance, allowing merchants to receive secure, instant payments through interoperable QR codes, supporting Pakistan’s move towards a cashless economy.