Pakistan to Disburse Next BISP Payments via Digital Wallets, Accelerating Cashless Economy
The Benazir Income Support Programme (BISP) will use digital wallets for upcoming payments, marking a significant step in Pakistan’s cashless economy initiatives and digital financial inclusion efforts.
Pakistan Initiates Independent Audit to Strengthen Cashless Economy Transition
The Government of Pakistan has commissioned an independent audit of its nationwide cashless economy program to ensure transparency, measure impact, and enhance digital payment infrastructure as part of its financial inclusion and governance reform agenda.
HBL Konnect Partners with Taj Petroleum to Drive Cashless Transactions Across Pakistan
HBL Konnect joins hands with Taj Petroleum to expand cashless transactions across retail sites, marts, and restaurants, strengthening financial accessibility and digital banking adoption nationwide.
HABIBMETRO Partners with Kuickpay to Drive Pakistan’s Cashless Economy
HABIBMETRO has partnered with Kuickpay under the Cashless Economy Initiative to expand digital payment acceptance for merchants, boosting financial inclusion and driving Pakistan’s retail transformation.
SBP Confirms Instant Digital Fund Transfers with Real-Time Settlements Across Pakistan
The State Bank of Pakistan has clarified that all digital fund transfers are settled instantly with real-time crediting, while a two-hour cooling period applies only to branchless banking wallets as a safeguard against fraud.
1LINK Onboards Element Payment Solutions as Aggregator on 1BILL Platform with MMBL as Settlement Bank
1LINK has onboarded Element Payment Solutions as an Aggregator on its 1BILL platform, with MMBL as the settlement bank. The collaboration enables EPS sub-billers’ customers to make seamless, secure payments, reinforcing Pakistan’s digital payment ecosystem and financial inclusion initiatives.
Govt Approves Rs3.5 Billion Subsidy to Drive Raast QR Payments and Cashless Economy
The federal government has approved a Rs3.5 billion subsidy to accelerate Raast QR payments under the Prime Minister’s Cashless Economy program. The scheme, managed by the SBP, incentivizes financial institutions to expand merchant onboarding and boost Person-to-Merchant transactions between September 2025 and June 2026.
Faysal Bank and Tapsys Join Forces to Transform Digital Payment Solutions for SMEs
Faysal Bank Limited has partnered with Tapsys to deliver next-generation Shariah-compliant digital acceptance solutions for SMEs across Pakistan, with a focus on POS deployment and Raast Merchant QR adoption.
JazzCash Executive Stresses Role of Digital Payments in Driving Financial Inclusion and Transparency
JazzCash Chief Product Officer Aamir Aftab highlights the transformative role of digital payments at Money20/20 Riyadh, emphasizing inclusion, women’s empowerment, and innovation in Pakistan’s cashless journey.
PM Shehbaz Inaugurates Mashreq Digital Bank, Marks Milestone in Pakistan’s Push for Cashless Economy
Prime Minister Shehbaz Sharif inaugurated Mashreq Digital Bank in Islamabad, calling it a milestone for Pakistan’s digital economy and financial modernization, with support from UAE investors and Pakistan’s financial leadership.