Easypaisa Digital Bank Integrates Begin Mini App for Entertainment Streaming and Digital Payments in Pakistan
Easypaisa Digital Bank partners with UAE-based OTT provider Begin to launch a mini app, enabling seamless streaming, payments, and exclusive offers within the easypaisa ecosystem, enhancing Pakistan’s digital lifestyle experience.
PayPak Usage Gap Sparks Push for Co-Badged Cards in Pakistan’s Digital Payments Ecosystem
Pakistan’s national payment scheme PayPak now accounts for over 25% of debit cards but only 6% usage. Regulators push co-badged cards to boost adoption, reduce reliance on foreign networks, and strengthen the country’s digital payments ecosystem.
Pakistan’s Digital Payments Surge to PKR 612 Trillion as Online Transactions Hit 93% Share: SBP Report
Pakistan’s State Bank reports a sharp rise in digital payment adoption, with total retail payments hitting PKR 612 trillion as mobile banking, e-wallets, and Raast lead the shift toward a cash-lite economy.
Pakistan’s Digital Payment Volumes Hit PKR 612 Trillion as Retail Transactions Climb 38% in FY24–25
Pakistan’s payment ecosystem recorded strong digital adoption in FY24–25, with retail transactions rising 38% to 9.1 billion and digital channels capturing 88% of activity, driven by mobile banking, Raast, and EMI wallets.
NS Developers Partners with 1LINK as Non-Banking Initiator with UBL as Settlement Bank
NS Developers has joined 1LINK as a Non-Banking Initiator with UBL as the settlement bank, marking a key step in strengthening cashless transactions and promoting transparency in Pakistan’s digital payment ecosystem.
Karandaaz and SBP Lead Industry Consultation on Digital Payment Escrow Utility to Strengthen Trust in Pakistan’s Commerce
Karandaaz Pakistan and the State Bank of Pakistan held a major industry consultation in Karachi on the Digital Payment Escrow Utility, bringing together banks, fintechs, and e-commerce leaders to strengthen trust and transparency in Pakistan’s digital commerce sector.
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.
SBP Designates 1LINK as Official Payment System Operator
The State Bank of Pakistan has designated 1LINK as an official payment system operator, reinforcing its role as a core player in Pakistan’s digital finance infrastructure. The move strengthens oversight and promotes secure, efficient, and inclusive financial services.
Allied Bank Introduces Mobile Tap-and-Pay on UPI-PayPak Cards Through Tokenization Technology
Allied Bank partners with UnionPay International and Paysys Labs to launch mobile Tap-and-Pay functionality using tokenized UPI-PayPak debit cards, setting a new standard in secure, contactless payments in Pakistan.