Tag: Digital Financial Services

SBP Selects Six Fintech Firms for Digital Finance Regulatory Sandbox Pilot

The State Bank of Pakistan has shortlisted six local and international firms to pilot innovative digital financial solutions under its Regulatory Sandbox initiative, aimed at strengthening Pakistan’s fintech ecosystem.

Zindigi Advisory Board’s Global Leaders Visit Pakistan to Boost Fintech Innovation and Collaboration

Zindigi by JS Bank hosted its Global Advisory Board in Pakistan to strengthen fintech collaboration, explore investment opportunities, and integrate international best practices, highlighting the country’s growing potential as a digital finance hub.

Walee Financial Services Becomes Pakistan’s First Shariah-Compliant Digital Nano-Financing NBFC

Walee Financial Services becomes Pakistan’s first Shariah-compliant digital nano-financing NBFC, promoting ethical, transparent, and socially responsible financial services while advancing financial inclusion.

EFU Life Partners with Hakeem to Deliver Shariah-Compliant Digital Takaful Solutions in Pakistan

EFU Life partners with Hakeem to bring Shariah-compliant digital Takaful solutions to Pakistan, offering life and health protection through an accessible mobile platform for underserved communities.

National Bank of Pakistan Partners with NIFT to Launch Digital Cheque Services Nationwide

National Bank of Pakistan partners with NIFT to launch digital cheque services, including mobile cheque deposits, enhancing banking efficiency, convenience, and security across Pakistan.

Pakistan’s Insurance Sector Sees Growth in 2024 with Strong Gains in Life and Non-Life Premiums

Pakistan’s insurance sector recorded strong growth in 2024 with life and non-life premiums rising, digital insurance nearly doubling, and millions of new policies issued across the country.

Neem and Meezan Bank Forge Strategic Partnership to Build Embedded Finance Ecosystem for Pakistani Businesses

Neem and Meezan Bank have entered a comprehensive partnership to co-develop a Shariah-compliant embedded finance infrastructure, advancing payment integration, SoftPOS, and digital financial services for businesses across Pakistan.

UNDP and SECP Collaborate to Digitally Transform Pakistan’s Insurance Ecosystem

UNDP Pakistan and SECP launch a joint initiative to modernize the insurance sector through digital transformation, aiming for inclusivity, transparency, and stronger resilience in financial services.

Financial Inclusion in Pakistan on the Rise: Karandaz Survey Highlights Key Gains in Access, Literacy, and Digital Usage

The Karandaz Financial Inclusion Survey 2024 reveals a sharp increase in digital and traditional financial access in Pakistan, with improvements across provinces, gender, and education levels, yet persistent gaps remain in literacy and regional equity.

ABL and Paysys Labs Pilot Pakistan’s First Interledger Protocol for Seamless Cross-Border Payments

Allied Bank partners with Paysys Labs to pilot Pakistan’s first Interledger Protocol for instant, secure cross-border payments, marking a significant step in fintech innovation and financial inclusion.

Askari Bank Signs Agreement with NIFT For Digital Financial Services (NIFT EPay)

Askari Bank and NIFT signed an agreement for digital commerce payments (Mobile/Electronic) through NIFT's DFS platform under the brand...

NIFT Signs Bank Alfalah As the Settlement Bank for NIFT EPay

In an effort to promote Digital Financial Services (DFS) in Pakistan, National Institutional Facilitation Technologies (NIFT), an existing Payment...