Pakistan Banks Association Appoints Mir Nejib Rahman as Secretary to Lead Industry Collaboration and Digital Transformation
The Pakistan Banks Association has appointed Mir Nejib Rahman as its new Secretary, bringing over 30 years of expertise in banking, digital finance, and financial inclusion. Rahman, a founding architect of the 1LINK Payment Switch, will lead industry collaboration and digital transformation initiatives.
Jazz Leadership Champions Digital Inclusion and Cashless Economy at GSMA Digital Nation Summit
At the GSMA Digital Nation Summit in Islamabad, Jazz leaders Aamir Ibrahim and Kazim Mujtaba highlighted Pakistan’s path to digital inclusion through affordable connectivity, fintech innovation, and gender-focused strategies for a cashless future.
NIBAF Hosts Generative AI in Banking Training for SBP and Commercial Bank Officers
NIBAF Pakistan conducted a Generative AI training session on July 23, 2025, led by Noor Surani, engaging SBP and commercial bank officers to explore AI-driven innovations shaping the future of banking services.
BankIslami Gets SBP Nod to Launch BIPL Exchange Company
BankIslami secures SBP’s approval to launch BIPL Exchange Company, expanding into Pakistan’s regulated foreign exchange sector with a wholly owned subsidiary.
Roshan Digital Account Inflows Decline by 9% in June 2025 Despite Annual Growth
June 2025 saw a 9% drop in monthly inflows through Roshan Digital Accounts compared to last year, despite the platform recording strong annual growth. The decline raises questions around remittance behavior, investment sentiment, and future trends in diaspora banking.
SBP Plans Easier Digital Payment Options for Traders to Expand Cashless Transactions
The State Bank of Pakistan is working on easing digital payment systems for traders to drive cashless transactions, aiming to increase mobile users, QR merchants, and total digital payments under its broader digital economy strategy.
Bank of Punjab Joins Hands with Surfin Meta to Advance AI-Powered Digital Banking in Pakistan
The Bank of Punjab has signed an MoU with Singapore-based Surfin Meta to explore AI-driven credit scoring, digital onboarding, and advanced merchant solutions, marking a strategic move to elevate digital banking in Pakistan.
SBP Rolls Out Biometric Verification for Cash Deposits to Secure Digital Payments in Pakistan
The State Bank of Pakistan has mandated biometric verification for cash deposits via retailers starting July 1, 2025, aiming to reinforce security in digital transactions and protect mobile wallet users.
HugoBank names Asim Hasan Acting CEO as digital bank readies pilot launch in Pakistan
HugoBank announces a leadership change with Asim Hasan taking over as Acting CEO as the digital bank prepares to launch its pilot phase in Pakistan, marking a critical step for the country’s growing fintech landscape.
Neem partners with HBL to secure $4 million credit line, expands Shariah-compliant earned wage access across Pakistan
Neem has secured a credit line of up to $4 million from HBL to scale its Shariah-compliant earned wage access platform, Neem Paymenow, aiming to boost financial dignity and resilience for Pakistan’s salaried workforce.