Pakistan’s Credit Card Gap Draws Alibaba’s Attention as Banks Face a Defining
With fewer than 3.1 million credit cards in a population of 240 million, Pakistan’s consumption-driven economy faces a structural gap. Alibaba’s entry via Koko Tech signals rising fintech competition as banks confront a critical choice.
Symmetry Group Subsidiary Iris Digital Secures Rs 1.5 Billion Service Agreement with Jazz
Iris Digital, a subsidiary of Symmetry Group, signs a three-year deal with Jazz for digital services, expected to generate Rs 500 million in annual revenue.
Easypaisa Digital Bank Promotes Mazhar Mahmood Jatoi to Executive Director and EVP for Strategic Growth
Easypaisa Digital Bank announces the promotion of Mazhar Mahmood Jatoi to Executive Director and EVP overseeing corporate business and productive lending.
Bank of Punjab and Stacks Partner to Launch Blockchain Remittance Pilot Using Stablecoins
BOP signs a strategic MoU with Stacks to transform Pakistan’s remittance landscape through blockchain technology and stablecoin-based cross-border payments.
NBP Partners with ISTIQEME to Expand QR-Based Digital Payments and Accelerate Cashless Economy in Pakistan
National Bank of Pakistan teams up with ISTIQEME to deploy QR-based payment infrastructure, merchant onboarding systems, and training programs to strengthen digital payments and support financial inclusion across Pakistan.
JazzWorld Pushes Pakistan’s Digital Economy Agenda at IMF–World Bank Spring Meetings in Washington
JazzWorld, led by CEO Aamir Ibrahim, engages with global financial institutions and policy stakeholders at the IMF–World Bank Spring Meetings to promote Pakistan’s digital infrastructure, fintech growth, and investment-led digital economy transformation.
SBP Introduces Revised PRISM+ Rules to Upgrade Pakistan’s Real-Time Interbank Payment and Settlement System
The State Bank of Pakistan has updated operating rules for PRISM+, its real-time interbank payment and settlement platform, enhancing system governance, transaction efficiency, and integration of securities and funds settlement infrastructure.
Mobilink Bank Promotes Namra Naeem to Vice President Executive Manager of Customer Experience
Mobilink Bank announces the promotion of Namra Naeem to VP Executive Manager Customer Experience to drive digital innovation and service excellence.
CCP Approves Jazz Acquisition of TPL Insurance to Expand Digital Financial Services
The Competition Commission of Pakistan has cleared Jazz International Holding Limited to acquire a controlling stake in TPL Insurance to boost digital inclusion.
NIBAF Pakistan Launches Specialized AI Training for Cross Border Trade Efficiency
NIBAF Pakistan announces a professional training session on AI driven trade finance and cross border transactions led by industry expert Ejaz Ahmed Qadri in Karachi.