Tag: Digital Financial Services

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 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, promoting ethical, transparent, and socially responsible financial services while advancing financial inclusion.

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, including mobile cheque deposits, enhancing banking efficiency, convenience, and security across Pakistan.

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 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 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.

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.

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.

Hasnain Sheikh of Inov8 FonePay shares the company’s early days of mobile payments, overcoming regulatory setbacks, current market reach, and future goals to expand merchants and customers in Pakistan.

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