Pakistan Rolls Out CBDC Pilot to Transform Financial Inclusion and Cut Cash Costs
The State Bank of Pakistan launches a pilot of its central bank digital currency (CBDC), aiming to digitize payments, lower cash handling costs, and bring millions of unbanked citizens into the formal economy.
Kashif Ali Joins Aik Digital Bank Islami as Head of Products to Drive Shariah-Compliant Innovation
Aik Digital Bank Islami has appointed Kashif Ali as Head of Products, leveraging his 17 years of expertise in digital banking and financial services to strengthen product innovation and support faith-driven, Shariah-compliant digital finance.
Govt Seeks SBP Review on Rs3.5 Billion Raast QR Subsidy Impact
The government has tasked the State Bank of Pakistan to prepare a detailed report on the Rs3.5 billion Raast QR subsidy, assessing its impact on merchant adoption, transaction volumes, and the growth of digital payments.
Counting What Counts: Pakistan’s First Digital Economic Census
The Securities and Exchange Commission of Pakistan (SECP) has introduced new requirements for Digital Asset Management Companies (Digital AMCs) to offer Digital Asset Management Services (DAMS), setting conditions for licensing, digital platforms, and operational standards.
SECP Issues Regulatory Framework for Digital AMCs to Undertake DAMS
The Securities and Exchange Commission of Pakistan (SECP) has introduced new requirements for Digital Asset Management Companies (Digital AMCs) to offer Digital Asset Management Services (DAMS), setting conditions for licensing, digital platforms, and operational standards.
Raast at the Crossroads: Paving Pakistan’s Path to a Cashless Future
Raast, Pakistan’s real-time digital payment system launched by the State Bank, stands at a defining moment as it pushes the nation toward a cashless economy. With new leadership, growing adoption, and integration across fintechs, the platform is set to reshape financial inclusion, remittances, and economic transparency.
SBP Grants 1LINK Designated Payment System Status to Strengthen Pakistan’s Digital Economy
The State Bank of Pakistan has officially designated 1LINK as a Payment System Operator under the Payment Systems & Electronic Funds Transfer Act, 2007, marking a milestone in advancing digital payments and financial inclusion.
Pakistani Fintech Leader Nameer Khan Awarded Honorary Professorship at Edinburgh Business School
Pakistani-origin fintech leader Nameer Khan has been awarded Honorary Professorship at Edinburgh Business School, Heriot-Watt University, recognizing his global leadership in fintech and sustainability.
Telemart and JingleCred Partner to Launch Smartphone Financing for Masses in Pakistan
Telemart partners with JingleCred to offer smartphone financing in Pakistan through CNIC-based installment plans, unlocking access to digital services and financial inclusion for millions.
SECP Approves Digital Lending License for Foremost Financial Services, Paves Way for Instant Finance NBFC Entry
SECP has issued an NBFC license to Foremost Financial Services for digital nano-lending and approved Instant Finance’s entry into the sector, signaling growing investor confidence and advancing digital financial inclusion in Pakistan.