Pakistan Accelerates Cashless Transition as Government Pushes for Digital Economic Reforms
The government of Pakistan is accelerating its shift toward a cashless economy through the Cashless Pakistan Initiative, focusing on digital payments, financial inclusion, and infrastructure reforms. Advisor to the Finance Minister Khurram Schehzad highlighted new milestones, including expanded Raast adoption and nationwide internet facilitation, at the 5th Pakistan Future of Retail Business Summit in Karachi.
SBP and NIBAF Advance Financial Literacy Integration into Education System under PM’s Roadmap
The State Bank of Pakistan (SBP), through its training arm NIBAF-Pakistan, achieved a key milestone under the Prime Minister’s Emergency Roadmap Directive No. 13 with a consultative workshop on the Financial Literacy Integration Project (FLIP), aiming to embed financial education into Pakistan’s national and provincial curriculums.
PayFast, Unity Retail, and SLGTrax Launch ‘Rah-e-Raast’ — Pakistan’s First Merchant-Friendly Raast QR Payment Solution
PayFast, Unity Retail, and SLGTrax have launched Rah-e-Raast, Pakistan’s first merchant-friendly Raast QR payment solution, enabling instant digital payments through QRs printed on parcel airway bills. The initiative supports SBP’s vision of promoting digital inclusion and a cashless economy across Pakistan.
Meezan Bank and TCS Join Hands to Facilitate Bike Ijarah Financing for Couriers
Meezan Bank has signed an MoU with TCS Private Limited to introduce Bike Ijarah financing for TCS couriers. The partnership aims to enhance operational efficiency, promote financial inclusion, and empower employees through Shariah-compliant financial solutions.
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.
Link International Exchange Partners with SBP to Launch QR-Based Payments under Raast Across 75 Branches Nationwide
Link International Exchange joins hands with the State Bank of Pakistan to roll out QR-based payments under the Raast framework across its 75 branches, marking a key milestone in Pakistan’s journey toward a cashless and digitally inclusive economy.
The Bank of Punjab Partners with Green Agri Mall to Expand Financial Access for Farmers Across Pakistan
The Bank of Punjab (BOP) and Green Agri Mall have formed a strategic partnership to enhance financial access for farmers by establishing dedicated banking booths at Green Agri Mall centers, providing convenient agricultural financing and tailored banking services across Pakistan.
The Bank of Punjab and Begini Ltd Partner to Drive AI-Led Financial Inclusion Across Pakistan
The Bank of Punjab (BOP) and Begini Ltd have announced a strategic partnership focused on advancing AI-led financial inclusion across Pakistan. The collaboration aims to make credit access more inclusive, data-driven, and transparent, empowering individuals and small businesses while fostering innovation within the financial ecosystem.
Meezan Bank and Mastercard Enhance Cross-Border Payment Experience with “Spend Big, Win Big” Campaign
Meezan Bank, Pakistan’s premier Islamic bank, partnered with Mastercard to launch the “Spend Big, Win Big” campaign, aimed at encouraging international digital spending through Meezan Mastercard Debit Cards. The campaign not only rewarded customers with exciting prizes but also strengthened the bank’s focus on secure, seamless, and Shariah-compliant cross-border payments.
Karandaaz Pakistan and Walee Launch Khudmukhtar Khatoon: A Shariah-Compliant Digital Finance Solution for Women Entrepreneurs
Karandaaz Pakistan and Walee Financial Services have launched Khudmukhtar Khatoon, Pakistan’s first Shariah-compliant digital asset financing program for women entrepreneurs, aiming to drive inclusion, empowerment, and sustainable growth.