JazzCash reaches 57 million customers, drives cashless payments growth in Pakistan
JazzCash has surpassed 57 million customers, processing over PKR 15 trillion in transactions as QR-based payments, Raast integration and digital financial services accelerate Pakistan’s shift toward a cashless economy.
BankIslami aik Promotes Shariah-Compliant Digital Banking for Financial Inclusion in Pakistan
BankIslami’s digital banking platform ‘aik’ meets Khyber Pakhtunkhwa Governor to discuss Shariah-compliant, technology-driven solutions supporting financial inclusion and Pakistan’s transition to a cashless economy.
ABHI Neobank Expands Globally in 2025, Reaches 1M+ Users and Strengthens Financial Access
ABHI (YC S21) marks a milestone year in 2025 with the acquisition of FINCA Microfinance Bank, expansion across Pakistan, UAE, KSA, and Oman, and over 1 million users supported through 5,000+ partner companies.
SBP Q1 FY26 Payment Systems Review Highlights Surge in Digital and Mobile Payments
The State Bank of Pakistan has released its first Quarterly Payment Systems Review for FY26, reporting strong growth in digital, mobile app-based and Raast payments, reflecting Pakistan’s accelerating shift toward a digitally enabled payments ecosystem.
Digital Payments Expand in Pakistan, Yet Cash Reliance Remains High: PwC Banking Report 2025
Pakistan’s shift toward a cashless economy is gaining momentum, driven by Raast and QR payments, but digital adoption continues to lag regional peers due to structural constraints and heavy cash reliance, according to PwC Pakistan’s Banking Publication 2025.
Pakistan’s EMIs and the Arithmetic of Payments
Pakistan’s electronic money institutions face structural challenges in a rapidly digitising retail payments ecosystem. High transaction volumes, low wallet retention, and competition from branchless banking and Raast’s instant rails are shaping the survival and consolidation of EMIs, highlighting the intersection of technology, regulation, and financial incentives.
F3: The Missing Technical Link: Why Integration, Protocol Literacy, and Regulatory Gaps Slow Down Pakistan’s Open Banking Ambitions
An in-depth look at how technical integration challenges, protocol literacy gaps, and regulatory uncertainty are slowing Pakistan’s open banking progress, based on insights from Fintech Forward Forum 2025.
Reliability Gaps Continue to Slow Pakistan’s Digital Payments Momentum Despite Fintech Growth
Pakistan’s digital payments ecosystem continues to face reliability and trust challenges despite rising fintech adoption. Experts highlight transaction failures, regulatory bottlenecks, and infrastructure gaps slowing sustainable growth.
NBP Launches Raast P2M QR Payments to Promote Digital Transactions in Pakistan
National Bank of Pakistan introduces Raast Person-to-Merchant (P2M) QR payments, empowering merchants nationwide to accept secure, instant, and transparent digital payments, driving Pakistan’s cashless economy forward.
BOP and FetchSky Launch BOP Mall to Transform Digital Installment Shopping in Pakistan
The Bank of Punjab collaborates with FetchSky to launch BOP Mall, a dedicated digital marketplace offering secure, installment-based shopping for BOP cardholders, enhancing Pakistan’s e-commerce ecosystem.