Pakistan Explores Stablecoin-Based Cross-Border Payments in Digital Finance Push
Pakistan signs an MoU with SC Financial Technologies to explore digital payment infrastructure and potential use of the USD1 stablecoin, signaling growing global interest in the country’s digital finance ecosystem.
Pakistan Signs Stablecoin Agreement with World Liberty Affiliate for Cross-Border Payments
Pakistan has signed an MoU with SC Financial Technologies, linked to World Liberty Financial, to explore the use of a USD-pegged stablecoin for regulated cross-border payments as part of its digital finance strategy.
Pakistan and UAE Discuss Real-World Asset Tokenisation to Unlock Investment Opportunities
Pakistan’s Virtual Assets Regulatory Authority and a UAE delegation met in Islamabad to advance plans for real-world asset tokenisation, focusing on real estate, government assets and future debt instruments under a regulated framework.
PayFast and Telenor Transform Telecom Payments with WhatsApp Integration
PayFast, Telenor, and eOcean launch WhatsApp-based bill payment solution, enabling Telenor users to pay bills instantly and securely through a familiar messaging platform, enhancing digital convenience and customer engagement.
Bank Alfalah and Shell Pakistan Roll Out Raast P2M QR Payments Across Fuel Stations
Bank Alfalah and Shell Pakistan have launched Raast P2M QR payments at 42 Shell fuel stations, enabling customers to scan and pay using any Raast-enabled banking app and advancing Pakistan’s digital payment ecosystem.
First Women Bank Limited Integrates with 1GO Raast P2M Service to Empower Merchants
First Women Bank Limited has joined the 1GO Raast P2M platform, enabling merchants across Pakistan to accept digital payments seamlessly, enhancing financial inclusion and streamlining transactions.
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.
Driving Digital Innovation: Allied Bank and LUMS Host 4th Fintech Hackathon
Allied Bank and LUMS hosted the 4th Fintech Hackathon, empowering fintech startups, innovators, and students to build creative solutions in areas like AI, digital onboarding, sustainable banking, and RAAST payments, bridging academia and industry to drive digital financial transformation in Pakistan.
NADRA Technologies Joins 1LINK Affiliate Program to Enhance Cash-In Services with HBL as Settlement Bank
NADRA Technologies Limited has joined the 1LINK Affiliate Program for Cash-in Service with HBL as the settlement bank. The collaboration will integrate NTL’s e-Sahulat centers with 1LINK’s payment network, offering faster and safer cash-in services to customers and advancing Pakistan’s financial inclusion goals.
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.