Tag: Banking technology

Faysal Bank has launched Pakistan’s first Co-Badge Debit Card in partnership with PayPak and Mastercard, offering secure, seamless, and globally connected payments while promoting financial inclusion and digital transformation.

Allied Bank introduces Pakistan’s first RAAST-enabled Cash Deposit Machines, enabling instant, interoperable cash deposits into any bank account. This innovation enhances convenience, accelerates the transition toward a cashless economy, and supports financial inclusion across the country.

Soneri Bank Limited has partnered with Euronet Pakistan to modernize its credit card and acquiring business through a fully outsourced managed services model. The collaboration will introduce advanced card issuance, POS acquiring, tokenization, and contactless payment options, strengthening Soneri Bank’s digital payments ecosystem and customer experience.

The State Bank of Pakistan’s Innovation Hub has launched its first SBP Innovation Hub Seminar Series, starting with a session featuring Raza Matin from the Better Than Cash Alliance on building trust in Raast digital payments and strengthening security and public confidence in Pakistan’s digital financial ecosystem.

TallyMarks Consulting (TMC) has partnered with Azentio to accelerate Pakistan’s Islamic banking transformation through Shariah-compliant digital solutions, aligning with the SBP’s roadmap for innovation and regulatory compliance.

The Bank of Azad Jammu & Kashmir has signed a strategic partnership with global and local tech firms to fully digitize its banking operations, enhancing customer experience and modernizing financial services across the region.

Pakistan’s mobile banking users have soared to 22.39 million, marking a 33% jump as the country’s digital banking landscape continues to expand rapidly. New SBP data highlights how smartphones are becoming the primary tool for managing money nationwide.

Title: BIOMETRIC VERIFICATION FOR NON – RESIDENT PAKISTANIS/ RESIDENT PAKISTANIS TEMPORARILY OUTSIDE PAKISTAN/ JOINT ACCOUN HBL now provides an opportunity...