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.
Pakistan Banks Association Marks World MSME Day by Championing Small Businesses and Digital Empowerment
On World MSME Day, the Pakistan Banks Association highlights the resilience and innovation of Pakistan’s MSME sector and reiterates the banking industry’s commitment to support small businesses through finance, digital solutions, and partnerships.
SBP’s Q3 FY25 Report Highlights Major Growth in Digital Payments and E-Commerce Transactions
The State Bank of Pakistan’s third quarterly review for FY25 highlights a robust increase in digital payment adoption, driven by mobile banking, e-commerce, and QR transactions, with digital platforms handling 89% of all retail payments.
PM Initiates Major Push Towards Cashless Economy with Three High-Level Committees
Prime Minister Shehbaz Sharif launches three expert committees to fast-track Pakistan’s cashless economy, expanding RAAST and forming a national digital master plan for seamless digital transactions.
Celebrating Innovation: Winners of Pakistan Digital Awards 2025 Set New Benchmarks in Digital Banking
The Pakistan Digital Awards 2025 highlighted the country’s digital transformation in the banking sector, honoring top banks like HBL, Allied Bank, BankIslami, and others for outstanding innovation and customer-centric technology leadership.
Bank AL Habib’s Roshan Digital Account Emerges as a Comprehensive Hub for Overseas Pakistanis
A detailed look into Bank AL Habib’s Roshan Digital Account, which has become a leading choice for non-resident Pakistanis. The platform offers an extensive range of financial services, from property and auto financing to sophisticated investment vehicles like stock market access and mutual funds, all managed digitally.
Pakistan Reaffirms Commitment to Regional Economic Integration at SCO Finance Ministers’ Meeting
At the SCO Finance Ministers’ Meeting in Beijing, Pakistan reiterated its dedication to regional economic cooperation, highlighting digital financial initiatives, macroeconomic reforms, and its support for the proposed SCO Development Bank. The address was delivered virtually by Finance Minister Muhammad Aurangzeb.