Tag: digital remittances

PVARA is setting up a Shariah Advisory Board to guide digital asset and cryptocurrency transactions, as Pakistan works toward its Shariah-compliant banking deadline.

Around 70 global crypto exchanges are seeking licenses to operate in Pakistan as PVARA finalizes its digital asset regulatory framework.

Pakistan received $3.63 billion in workers’ remittances during July 2026, with inflows rising 4.5% month-on-month and 13% year-on-year.

Riyadh-based fintech Sorbet introduces instant local payouts in PKR SAR and AED to solve cross-border payment delays and high transaction fees for regional businesses.

An in-depth look at how faster, cheaper and more secure cross-border digital payments can strengthen remittances, empower exporters and freelancers, and position Pakistan’s economy for global competitiveness through reforms led by State Bank of Pakistan, Western Union, MoneyGram International, JazzCash, NayaPay, PayPal, Stripe, and Google Pay.

Dubai Islamic Bank Pakistan and JazzCash have signed a strategic partnership to facilitate seamless digital remittances and develop tailored financial products for Pakistan’s growing freelance community, advancing Shariah-compliant digital financial inclusion.