F3: Trust Deficit in a Youth-Driven Economy: Why Pakistan’s Next Generation Still Fears Digital Payments
Despite being digitally savvy, Pakistan’s youth remain hesitant to adopt digital payments due to trust issues, household influence, fear of loss, inconsistent merchant practices, and limited financial awareness. Addressing these barriers is essential for accelerating the country’s transition to a youth-driven digital economy.
JazzCash Drives Financial Digitisation in Pakistan with 55 Million Users and Expanding Merchant Network
JazzCash is transforming Pakistan’s financial landscape by expanding digital payments, supporting over 55 million customers and 650,000 Raast-enabled merchants, advancing transparency and economic formalisation.
BISP Transitions to Fully Digital Payments for 10 Million Women with Mobile Wallet Accounts
Over 10 million women under Pakistan’s Benazir Income Support Programme have received mobile wallet accounts, enabling digital cash transfers and reducing reliance on agents, with full digital payments targeted by June 2026.
NayaPay Launches Global QR Payments for Pakistani Users in Collaboration With Alipay+
NayaPay introduces global QR scan-and-pay for Pakistani users via Alipay+, allowing seamless payments across more than 50 countries and millions of international merchants.
Bank Alfalah Partners with CDA to Launch Pakistan’s First Cashless Model City Initiative
Bank Alfalah has joined forces with the Capital Development Authority (CDA) to implement a cash‑less payment system in Islamabad, marking a milestone in Pakistan’s digital finance landscape.
Mobile Wallets and Digital Bank Accounts Without Biometric Verification to Be Blocked From October 25
The State Bank of Pakistan’s new biometric verification regulations take effect on October 25, 2025, with unverified mobile wallets and digital bank accounts facing immediate service blocks under the updated customer onboarding framework.
Karachi’s Historic Bohra Bazaar Goes Fully Cashless with QR-Based Digital Payments
Karachi’s historic Bohra Bazaar has transitioned to a fully cashless system through JazzCash’s QR-based payment solution, empowering merchants and customers with faster, safer, and more transparent digital transactions.
Dubai Islamic Bank and JazzCash Forge Partnership to Boost Digital Remittances and Support Pakistan’s Freelance Economy
Dubai Islamic Bank Pakistan and JazzCash have announced a strategic partnership to streamline international remittances and expand tailored digital financial solutions, especially for Pakistan’s growing freelance workforce.
SBP Plans Easier Digital Payment Options for Traders to Expand Cashless Transactions
The State Bank of Pakistan is working on easing digital payment systems for traders to drive cashless transactions, aiming to increase mobile users, QR merchants, and total digital payments under its broader digital economy strategy.