Mashreq Group CEO Ahmed Abdelaal Reaffirms Commitment to Pakistan’s Digital Future
Mashreq Group CEO Ahmed Abdelaal emphasized the bank’s commitment to supporting Pakistan’s vision of a digital and cashless economy, highlighting the role of innovation and global expertise in driving financial transformation.
SBP Orders Banks to Deploy Cash Deposit Machines Nationwide by 2028
The State Bank of Pakistan has directed commercial banks to install Cash Deposit Machines across 25% of their branch network by 2028 to promote self-banking, enhance customer convenience, and strengthen digital infrastructure.
Digital Payments Dominate Retail Transactions in Pakistan, Hitting 89% Share in Q3 FY25
In Q3 FY25, digital payments accounted for 89% of Pakistan’s retail transactions by volume, with mobile banking, e-wallets, and Raast leading the shift toward a cashless economy, according to SBP’s latest report.