BankIslami and Mastercard Announce 10-Year Payments Partnership in Pakistan
BankIslami and Mastercard have signed a 10-year strategic partnership to expand Shariah-compliant debit, credit and business cards, SME payment solutions and loyalty services across Pakistan.
Mojaloop Foundation and SBP Launch Country Accelerator Program to Strengthen Pakistan’s Digital Payments Infrastructure
The Mojaloop Foundation and State Bank of Pakistan’s Innovation Hub are launching a country accelerator program to train local payment system implementers, digital financial service providers and hub operators. Applications close October 18.
Digital Payments Account for 92% of Pakistan’s Retail Transactions in FY26
Digital payments accounted for 92% of Pakistan’s retail transactions in FY2025-26 as digital volumes rose 65% and mobile payments expanded sharply.
Pakistan, Visa strengthen partnership to boost digital payments and financial inclusion
Pakistan and global payments leader Visa explore deeper collaboration to expand secure digital payments, strengthen financial inclusion, and support the country’s transition toward a modern digital economy.
Pakistan and Visa Boost Digital Payment Systems to Promote Cashless Economy
Pakistan’s finance ministry and Visa agree to enhance technical coordination for digitizing government payments, expanding financial inclusion, and supporting small businesses and remittances.
Pakistan Q1 FY26 Digital Payments Reach 2.8 Billion Transactions, Mobile Banking Dominates
Digital payments in Pakistan reached 2.8 billion transactions in Q1 FY26, with mobile app-based banking accounting for 81% of digital activity, highlighting rapid adoption of digital financial services.
Pakistan Digital Payments Surge in Q1 FY26 as Mobile App Transactions Reach 2 Billion: SBP
Pakistan’s digital payment ecosystem recorded strong growth in Q1 FY26, with mobile app-based transactions hitting 2 billion and accounting for over 80% of all digital payments, according to the State Bank of Pakistan.
Reliability Gaps Continue to Slow Pakistan’s Digital Payments Momentum Despite Fintech Growth
Pakistan’s digital payments ecosystem continues to face reliability and trust challenges despite rising fintech adoption. Experts highlight transaction failures, regulatory bottlenecks, and infrastructure gaps slowing sustainable growth.
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.