Payments

A Better Than Cash Alliance report examines how trust, fraud prevention, liability clariA Better Than Cash Alliance report examines how trust, fraud prevention, liability clarity, and consumer protection will determine the long-term success of Pakistan’s RAAST real-time payment system.ty, and consumer protection will determine the long-term success of Pakistan’s RAAST real-time payment system.

Haball announces a strategic partnership with PepsiCo Foods Pakistan to integrate secondary e-invoicing for FBR compliance and digital supply chain transparency.

Despite large-scale digital finance infrastructure, Pakistan’s transition away from cash remains limited. Weak behavioral adoption, household-based financial practices, and informality constrain the impact of systems like Raast, keeping digital payments widespread but shallow in everyday economic use.

Swich has entered into a strategic partnership with Pak-Qatar Group to enhance collaboration in digital innovation and financial technology, marking a new milestone in Pakistan’s fintech ecosystem.

Abbasi and Company Pvt. Ltd. has joined Bank AL Habib’s Digital Payment Initiative under the State Bank of Pakistan’s guidance, becoming one of the first PSX brokerage houses to adopt QR-based digital payments, advancing the country’s vision of a cashless and digital economy.

PaySa, Pakistan’s newest Electronic Money Institution, has partnered with Covalent to deploy its award-winning Taabiir platform, aiming to accelerate digital payments and enhance merchant services across the country.