Tag: digital banking Pakistan

Pakistan plans to transform Islamabad into its first fully cashless city by December 31, with digital payments becoming mandatory across government departments and businesses.

Faysal Bank Limited and the State Bank of Pakistan Banking Services Corporation organised a financial literacy awareness session for persons with disabilities in Gujranwala. The initiative included digital banking demonstrations, on-the-spot account opening, free digital healthcare services through Oladoc and basic medical check-ups.

Prime Minister Shehbaz Sharif has decided to continue the subsidy on merchant discount rate charges for Raast QR payments to encourage merchant adoption of digital payments. The government has also directed the State Bank of Pakistan to consult banks and digital payment stakeholders to improve user experience and advance the Cashless Pakistan Initiative.

Zindigi has partnered with Mercantile to let customers buy the iPhone 18 Pro series directly through the Zindigi App with doorstep delivery.

1LINK has partnered with TouchPoint to expand interoperable self-service banking through an OPEX-based CDM model with lower upfront costs for banks.

Bank of Khyber has partnered with Mastercard to expand its digital payments and card portfolio, supporting Khyber Pakhtunkhwa's cashless economy push.

Mobilink Bank and JazzCash are driving financial inclusion in Pakistan through new collaborations with BISP, 1LINK, and Karandaaz to empower millions of unbanked citizens.

Karandaaz Pakistan hosts a high level strategic forum to launch fresh financial partnerships and embed gender equity across national digital banking networks.

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.

The Pakistani government proposes a ninety percent cut in withholding tax on international debit and credit card transactions in the federal budget to discourage hundi channels.

Powered by the IRIS transaction switching engine, the newly deployed NBP card infrastructure unifies domestic processing with global Mastercard payment acceptance.

The State Bank of Pakistan rolls out a comprehensive public survey to gather direct user experience feedback on mobile banking apps, digital wallets, and Raast.