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.
easypaisa Digital Bank Reports Rs. 3.64 Billion Profit Before Tax in H1 2025 Amid Strong User Growth
easypaisa digital bank has reported a profit before tax of Rs. 3.64 billion for the first half of 2025, reflecting 39.4% growth. The surge was fueled by higher digital lending, rising transaction volumes, and strong customer adoption, with active users crossing 18.2 million and deposits reaching Rs. 94.7 billion.
aik by BankIslami Launches 14% Azadi Cashback Campaign for Independence Day
aik by BankIslami celebrates Pakistan’s 78th Independence Day with a limited-time 14% cashback campaign on all debit card and QR code transactions, reinforcing its commitment to Riba-free digital banking in the country.