Tag: Digital Payments

FBR Introduces Withholding at Source for Sales Tax on Digitally Ordered Goods

The Federal Board of Revenue implements a new system for e-commerce taxation where payment intermediaries, courier services, and online marketplaces withhold sales tax at source, supported by a detailed IRIS user manual to ensure transparency, efficiency, and compliance.

1LINK and InfoTel Upgrade Pakistan’s Card Personalization with New Matica Machine

1LINK and InfoTel Pakistan strengthen the country’s card personalization ecosystem with a new Matica personalization machine, enhancing capabilities for PayPak, co-badged, and UPI card programs while boosting efficiency, security, and scalability.

Abhi Microfinance Bank and 1LINK Introduce 1GO Raast P2M Digital Payments

Abhi Microfinance Bank and 1LINK collaborate to launch 1GO Raast P2M services, enabling merchants to accept seamless digital payments and promoting cashless transactions across Pakistan.

PITB and Bank of Punjab Strengthen PayZen Digital Payments in Punjab

Punjab IT Board signs agreement with Bank of Punjab to advance PayZen digital payment platform, enabling secure, instant payments, QR code facilities, and API integration.

Epic Angels Invests in Pakistani Fintech Neem to Accelerate Full-Stack Payments Platform

Epic Angels has joined the Pre-Series A funding round of Pakistani fintech Neem, supporting the expansion of its full-stack payments infrastructure platform across key sectors of the economy.

Nadeem Hussain Joins SadaPay as Strategic Advisor to Drive Fintech Innovation in Pakistan

SadaPay appoints fintech veteran Nadeem Hussain as strategic advisor to accelerate growth, improve customer experience, and strengthen partnerships in Pakistan’s digital financial services sector.

Pakistan Partners with Visa to Strengthen Digital Payments and Promote Cashless Economy

Pakistan’s finance ministry teams up with Visa to digitize government payments, enhance financial inclusion, and support cashless transactions as part of ongoing economic reforms.

Pizza Hut and JazzCash Launch Seamless Digital Payment Solutions in Pakistan

Pizza Hut Pakistan collaborates with JazzCash to offer secure, fast, and convenient digital payments, enhancing customer experience and promoting cashless transactions across the country.

JazzCash, Binance Explore Virtual Asset Collaboration Amid Pakistan’s Evolving Crypto Regulations

JazzCash and Binance have signed an MoU to explore potential collaboration for the responsible growth of virtual assets in Pakistan, aligned with the country’s evolving regulatory framework and the establishment of PVARA.

RAAST Digital Payment System Hits Rs. 80 Trillion Milestone, Expands Financial Inclusion

Pakistan’s instant digital payment platform RAAST has processed over Rs. 80 trillion in transactions, connecting 48 million users and 53 financial institutions, enhancing financial inclusion and promoting a cashless economy.

Fintech Gharana Partners with Munsalik Digital to Expand Nano Lending and Digital Transaction Services in Pakistan

Fintech Gharana has joined Munsalik Digital’s transaction aggregation platform to leverage IBFT and collection services, aiming to enhance nano lending, digital payments and financial inclusion across Pakistan.

Binance, Fauji Foundation Partner to Develop Blockchain, Crypto and Web3 Ecosystem in Pakistan

Binance and Fauji Foundation have signed a Letter of Intent to explore blockchain, cryptocurrency, digital payments and Web3 collaboration in Pakistan, focusing on infrastructure development and youth education.