SBP Quarterly Report Reveals Massive 92 Percent Surge in Pakistan Digital Payments
State Bank of Pakistan Q2 FY26 payment systems report shows retail transactions hitting PKR 167 trillion with Raast and mobile banking leading digital adoption.
State Bank of Pakistan Strengthens Digital Financial Ecosystem with New Technology Risk Management Framework
The State Bank of Pakistan introduces a comprehensive Technology Risk Management Framework for Payment Institutions to bolster cybersecurity, ensure business continuity, and enhance digital financial resilience across Pakistan.
Paysys Labs and Al Baraka Bank Pakistan collaborate to implement SWIFT MT-MX Converter for ISO 20022 migration
Paysys Labs and Al Baraka Bank Pakistan have partnered to implement the SWIFT MT-MX Converter powered by OpenConnect, enabling the bank to align with SWIFT’s ISO 20022 CBPR+ standards and strengthen its digital financial infrastructure.
Pakistan Banks Association Appoints Mir Nejib Rahman as Secretary to Lead Industry Collaboration and Digital Transformation
The Pakistan Banks Association has appointed Mir Nejib Rahman as its new Secretary, bringing over 30 years of expertise in banking, digital finance, and financial inclusion. Rahman, a founding architect of the 1LINK Payment Switch, will lead industry collaboration and digital transformation initiatives.