JS Bank Appoints Ahsan Jamal as Chief Digital Officer
JS Bank has appointed Ahsan Jamal as Chief Digital Officer to lead its digital transformation. With experience in banking, payments, and fintech, he will focus on driving innovation, partnerships, and improved customer experiences.
BOP and Mastercard Collaborate to Provide Instant Credit and Cashless Payments for Farmers and MSMEs
Bank of Punjab and Mastercard have partnered to provide instant credit and cashless payment solutions for farmers and MSMEs. The initiative aims to enhance financial inclusion, promote digital transactions, and support Pakistan’s economic growth by enabling secure and efficient digital payments.
NADRA Technologies Joins 1LINK Affiliate Program to Enhance Cash-In Services with HBL as Settlement Bank
NADRA Technologies Limited has joined the 1LINK Affiliate Program for Cash-in Service with HBL as the settlement bank. The collaboration will integrate NTL’s e-Sahulat centers with 1LINK’s payment network, offering faster and safer cash-in services to customers and advancing Pakistan’s financial inclusion goals.
State Bank of Pakistan Approves LemFi Partnership with UBL to Boost Remittances
The State Bank of Pakistan has approved LemFi’s remittance operations in partnership with United Bank Limited, ensuring secure, low-cost money transfers for overseas Pakistanis while boosting formal remittance inflows into the country.
Pakistan to Digitise All Government Payments by June 2026 as Cashless Economy Drive Accelerates
Pakistan plans to digitise all federal, provincial, local, and state-owned enterprise payments by June 2026, with SBP leading initiatives to expand secure and inclusive digital financial services.
DC Expands RAAST Aggregator Network by Onboarding KTrade Securities for Instant Investor Fund Transfers
The Central Depository Company of Pakistan has onboarded KTrade Securities to its RAAST Aggregator Platform, enabling faster digital fund transfers for retail investors and strengthening financial inclusion.
Mashreq Bank’s Digital Launch Signals Global Confidence in Pakistan’s Economy: PBA
The Pakistan Banks Association hailed the launch of Mashreq’s digital retail bank in Pakistan as a sign of international trust, highlighting the sector’s tax contributions, digital reforms, SME financing, and social impact.
Ordinary Pakistanis Now Hold Nearly Half of All Bank Deposits, SBP Data Reveals
Personal deposits in Pakistan’s banking system have reached over Rs16 trillion, making up nearly half of total deposits. The shift underscores households’ growing role in financial stability.
Cash Meets Its Match: Why Pakistan’s Digital Banking Future Will Be Won (Or Lost) At The Kiryana Counter
Pakistan’s digital banking revolution hinges on adoption at the kiryana counter. From Raast’s rapid growth to new regulations, digital banks, and financial inclusion tools, the battle for trust and convenience will determine whether cash finally gives way to real-time payments.
DigiKhata Secures NBFC Lending License from SECP to Expand Digital Credit Solutions
DigiKhata Financial Services Ltd. has been granted an NBFC lending license by the SECP, marking its entry into regulated digital credit services to bridge Pakistan’s SME financing gap and boost financial inclusion.