Tag: branchless banking Pakistan

Pakistan’s Digital Payments Surge in FY 2024-25 Signals Shift Towards Cashless Economy

Pakistan’s digital payments ecosystem continues its rapid growth, with a 38% year-on-year increase in transactions, rising digital adoption across retail payments, and expansion of branchless banking agents and QR-enabled merchants nationwide.

E-Wallets Dominate Pakistan’s Online Commerce as 93% of Digital Purchases Shift to Account-Based Payments in FY25

State Bank of Pakistan reports that 93 percent of online purchases in FY25 were made via digital wallets and accounts, highlighting major acceleration in fintech adoption and mobile-based payments, with strong growth across e-commerce, POS, and QR-code transactions.

NADRA Technologies Partners with 1LINK and HBL to Launch Cash-In Services via e-Sahulat Centers

NADRA Technologies Limited (NTL) has joined the 1LINK Affiliate Program for Cash-In Services with HBL as the settlement bank, enabling secure and faster transactions via NADRA’s e-Sahulat Centers.

Puma Energy Becomes First Oil Marketing Company to Enable Cashless Fuel Payments with HBL Konnect

Puma Energy has partnered with HBL Konnect to become Pakistan’s first oil marketing company to implement cashless payments at fuel stations, offering QR code payments, POS transactions, and branchless banking services.