Digital Payments Account for 92% of Pakistan’s Retail Transactions in FY26
Digital payments accounted for 92% of Pakistan’s retail transactions in FY2025-26 as digital volumes rose 65% and mobile payments expanded sharply.
Paysys Labs and Al Baraka Bank Pakistan collaborate to implement SWIFT MT-MX Converter for ISO 20022 migration
Paysys Labs and Al Baraka Bank Pakistan have partnered to implement the SWIFT MT-MX Converter powered by OpenConnect, enabling the bank to align with SWIFT’s ISO 20022 CBPR+ standards and strengthen its digital financial infrastructure.
SBP to Roll Out PRISM+ Nationwide to Modernize Pakistan’s Digital Payment Infrastructure
The State Bank of Pakistan is set to launch PRISM+, an advanced digital payment and settlement system designed to transform the country’s financial infrastructure under Vision 2028, with full rollout beginning June 16, 2025.