Tag: Digital Payments Pakistan

The SBP Quarterly Payment Systems Report reveals a massive shift toward a cashless economy with digital transactions reaching 92 percent of the retail total.

Swich hosts its first White Iftar in Lahore, bringing together fintech and banking peers to foster meaningful industry relationships and collaboration.

Safepay announces general availability of Raast, enabling real-time bank transfers with instant confirmation, automated reconciliation, and seamless API integration for merchants across Pakistan.

1LINK onboards Beaconhouse Technology as a bill aggregator on its 1BILL platform, enabling streamlined digital payments with Faysal Bank as settlement partner.

Leopards Courier Services and Mastercard have joined forces to provide SME Mastercard holders with exclusive discounts and enhanced convenience at Leopards Express Centers nationwide, driving fintech and logistics innovation.

Karachi Water & Sewerage Corporation launches its Unified Mobile App and shifts bill collection to the 1BILL platform, enabling real-time digital payments, wider payment channels, and improved service reliability across Karachi.

Pakistan and global payments leader Visa are strengthening cooperation to accelerate digital payments, financial inclusion, and innovation, following high-level discussions at the World Economic Forum in Davos.

Pakistan International Airlines has entered into a strategic partnership with Meezan Bank to improve digital payment convenience for travelers, enabling seamless debit card payments and strengthening the country’s digital banking ecosystem.

Pakistan signs MoU with SC Financial Technologies LLC to enhance digital payment systems, cross-border transaction frameworks, and fintech infrastructure, boosting the country’s integration into global digital finance.

Fintech Gharana, a leading nano-lending and digital financial services provider, has joined Munsalik Digital’s Transaction Aggregation Platform, leveraging IBFT and collection services to enhance operational efficiency and financial inclusion across Pakistan.

The Government of Pakistan, in collaboration with Easypaisa Digital Bank and Ant International, emphasized accelerating the transition to a cashless economy, expanding digital payments, and enhancing financial inclusion for individuals and small businesses.

A Gallup & Gilani Pakistan survey reveals that 91% of Pakistanis made no online purchases in six months, with cash on delivery dominating payments and strong social and religious preferences shaping daily life.