SECP Approves Rs1.5 Billion Capital Increase For Pakistan’s First Digital Retail Bank
Securities and Exchange Commission of Pakistan has approved a Rs1.5 billion paid up capital increase for HugoBank, bringing Pakistan’s first digital retail bank closer to commercial operations.
HugoBank Receives SBP Approval To Begin Pilot Operations For Digital Banking Platform
HugoBank has received approval from State Bank of Pakistan to begin pilot operations, allowing the upcoming digital bank to test its products, systems and operational readiness.
Faisalabad Electric Supply Company launches instant electricity bill payments using Raast gateway
FESCO integrates Raast payment gateway to allow consumers in Pakistan to pay electricity bills and demand notices instantly via QR codes.
Prime Minister Shehbaz Sharif Directs Complete Digitisation of Foreign Remittances
Prime Minister Shehbaz Sharif orders 100 percent digitisation of foreign remittances and steps up the national transition toward a cashless economy.
National Bank of Pakistan Launches WhatsApp Banking to Drive Digital Inclusion
NBP introduces WhatsApp banking services allowing customers to check balances and request statements through the popular messaging app.
Pakistan Digital Payments Hit 92 Percent Share as Cashless Economy Accelerates
State Bank of Pakistan’s latest report reveals a massive shift toward digital channels, with retail transactions reaching PKR 167 trillion and Raast leading the growth.
SBP Quarterly Report Reveals Massive 92 Percent Surge in Pakistan Digital Payments
State Bank of Pakistan Q2 FY26 payment systems report shows retail transactions hitting PKR 167 trillion with Raast and mobile banking leading digital adoption.
Zindigi and JS Bank Launch Pakistan First Digital Fintech Credit Card
Zindigi powered by JS Bank introduces a mobile-first fintech credit card offering instant digital approvals and app-based controls for Pakistani consumers.
Al Baraka Bank Pakistan Launches Digital Hub and Digital Auto Finance to Drive Islamic Banking Innovation
Al Baraka Bank Pakistan has inaugurated its Digital Hub and introduced Digital Auto Finance, strengthening its digital transformation strategy and expanding Shariah-compliant financial solutions for customers across Pakistan.
Easypaisa and NymCard Introduce Pakistan’s First Fully Digital Credit Card Program
Easypaisa collaborates with NymCard to launch Pakistan’s first fully digital credit card, offering instant, secure, and compliant credit access via the easypaisa app and redefining digital banking in the country.