Tag: Cashless Economy

PayPak to Play Central Role in Pakistan Digital Payments Future

FinTech webdesk -
PayPak is gaining importance in Pakistan digital payments as SBP promotes domestic payment infrastructure, financial inclusion and a cash-lite economy.

NBP Onboards BEOE to Digitally Transform Public Fee Collections via RAAST

BFSI webdesk -
National Bank of Pakistan partners with Bureau of Emigration and Overseas Employment to digitize fee collections through RAAST P2M QR payments, boosting public sector transformation.

Virtual Remittance Gateway and Bank Alfalah Partner to Launch Interoperable Agent Banking Across Pakistan

BFSI webdesk -
Virtual Remittance Gateway and Bank Alfalah sign a landmark agreement enabling cross-institutional cash services to accelerate financial inclusion.

Punjab Revenue Authority Reduces Sales Tax Rate For Digital Transactions

Wired webdesk -
The Punjab Revenue Authority introduces a landmark policy offering a fifty percent sales tax reduction on digital and card payments to encourage a cashless economy.

Digital Wallet Innovation Drives Financial Inclusion Across Pakistan Fintech Ecosystem

FinTech webdesk -
Pakistan digital wallet sector accelerates financial inclusion as fintech platforms and regulatory support drive cashless transaction growth.

Karandaaz Pakistan Convenes Financial Leaders to Accelerate Raast P2M Deployment for Cashless Economy

FinTech webdesk -
Financial industry pioneers gather at a Karandaaz roundtable to address onboarding challenges and drive consumer adoption for Raast P2M payments.

Zarai Taraqiati Bank Limited and 1LINK Partner to Launch 1Go P2M Raast QR Code Payment Service

FinTech webdesk -
Zarai Taraqiati Bank Limited signs a strategic agreement with 1LINK to implement the 1Go P2M Raast QR Code payment service to digitize Pakistan agricultural ecosystem.

Karandaaz Pakistan and United Nations Better Than Cash Alliance Launch National Merchant Payments Working Group

FinTech webdesk -
Karandaaz Pakistan partners with the UN-hosted Better Than Cash Alliance to establish a National Merchant Payments Working Group aimed at accelerating digital payments across Pakistan.

Punjab Finance Bill 2026 Proposes Sales Tax Adjustment on Digital Restaurant Payments to Secure Documented Economy

FinTech webdesk -
Punjab Revenue Authority adjusts the provincial sales tax on digital restaurant payments from 5% to 8% while maintaining standard cash transaction rates at 16% under the Punjab Finance Bill 2026.

Meezan Bank Represents Pakistan At Global Stage During Visa Payments Forum In San Francisco

BFSI webdesk -
Meezan Bank President and CEO Dr. Syed Amir Ali attends the Visa Payments Forum as Archetype Ambassador to share insights on digital evolution in cash-dominated economies.

Zindigi Partners with WASA Lahore to Integrate Raast QR Code Payments for Utility Bills

FinTech webdesk -
Zindigi by JS Bank collaborates with WASA Lahore to deploy instant Raast QR code based bill payment technology to accelerate digital financial inclusion in Punjab.

Benazir Income Support Programme Shifts to Full Digital Wallet Disbursements to Maximize Cashless Welfare Delivery

Wired webdesk -
BISP Chairperson Rubina Khalid announces transition to digital wallet disbursements with over eight million free mobile SIMs distributed to promote financial inclusion.