SBP to Start Image-Based Cheque Clearing Under PECS From October 15
SBP will begin piloting the Pakistan Express Clearing System on October 15, replacing physical cheque movement with image-based clearing before nationwide rollout in 2027.
SBP to Launch Pakistan Express Clearing System for Image-Based Cheque Clearing
The State Bank of Pakistan will launch the Pakistan Express Clearing System on October 15, 2026, replacing physical cheque movement with image-based clearing.
NIBAF Pakistan Conducts Fintech and Payment Strategy Session for SBOTS-28 Trainees
NIBAF Pakistan conducted an interactive session on fintech and payment strategy for officers of the State Bank Officers Training Scheme SBOTS-28 at its Islamabad Campus.
SBP Caps Card Payment Charges At Fuel Stations To Boost Digital Payments
State Bank of Pakistan caps Merchant Discount Rate at Rs1 per litre and Interchange Reimbursement Fee at Rs0.20 per litre for fuel station card payments until January 2027.
Pakistan Banking Summit 2026 Reshapes Retail Banking and Digital Payments
Industry leaders at Pakistan Banking Summit 2026 analyze evolving retail banking trends, digital payment integration, and financial inclusion strategies.
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.