Pakistan and Mastercard Partner to Expand Financial Inclusion and Fintech Innovation
Finance Minister Muhammad Aurangzeb and Mastercard leadership meet at the IMF World Bank Spring Meetings to discuss digital payments and cybersecurity in Pakistan.
PayPak Usage Gap Sparks Push for Co-Badged Cards in Pakistan’s Digital Payments Ecosystem
Pakistan’s national payment scheme PayPak now accounts for over 25% of debit cards but only 6% usage. Regulators push co-badged cards to boost adoption, reduce reliance on foreign networks, and strengthen the country’s digital payments ecosystem.
Pakistan’s First Co-Badge Debit Card Launched by Faysal Bank with PayPak and Mastercard
Faysal Bank has launched Pakistan’s first co-badge debit card in partnership with PayPak and Mastercard, offering secure local and global payments while promoting financial inclusion and digital transformation.
Senate Committee Pushes for Wider Adoption of PayPak Cards Over Global Payment Giants
Pakistan’s Senate Standing Committee on Finance has called on banks to promote local PayPak cards over international options like Visa and MasterCard to strengthen the country’s digital payments ecosystem and reduce foreign dependency.