Tag: digital wallets

Virtual Remittance Gateway and Bank Alfalah sign a landmark agreement enabling cross-institutional cash services to accelerate financial inclusion.

The National Bank of Pakistan collaborates with Finnect to scale up digital retail banking networks and automated agricultural systems in smaller cities.

Pakistan reports a massive surge in mobile banking application usage and merchant onboarding as the federal government mandates a full transition to digital channels

SBP Deputy Governor Saleem Ullah confirms BISP beneficiaries will pay fee for cash withdrawals as central bank mandates digital wallet shift by end of year.

Habib Metropolitan Bank partners with global payment technology provider BPC to migrate its legacy transaction architecture to the advanced SmartVista platform.

Leading digital wallet platform easypaisa wins the EFP Gold Recognition Award 2025 for its workplace diversity and inclusion initiatives.

The Pakistani fintech landscape sees significant growth with enhanced resources for digital wallets and new partnerships between platforms like Bankopedia and FintechNews.pk to boost literacy.

Prime Minister Shehbaz Sharif initiates a digital wallet program to distribute fuel subsidies to public and freight transport operators amid global energy price hikes.

Neem has entered Pakistan’s retail segment through a new partnership with DigiKhata, enabling faster payouts, integrated wallet infrastructure, and future embedded lending options for SMEs across the country.

Pakistan’s push toward a cashless economy under Prime Minister Shehbaz Sharif is struggling to gain momentum, with fewer than 700,000 retailers adopting digital payment systems. Despite strong government efforts, resistance from traders and growing cash circulation remain major barriers to digital transformation.

Despite Prime Minister Shehbaz Sharif’s push for a cashless economy, fewer than 700,000 retailers in Pakistan have adopted digital payment systems. The government aims to link 2 million merchants by mid-2026, but resistance from traders and high cash circulation remain key challenges.

Onic Pakistan integrates Google Pay into its digital payment ecosystem, reinforcing its mission to deliver seamless, secure, and instant payment experiences while bridging the gap between telecom and fintech innovation.