Tag: Financial Inclusion Pakistan

EFU Life and easypaisa launch a Shariah-compliant digital Takaful Savings Plan inside the app offering up to 8 percent annual halal returns and built-in protection.

Leading digital wallet JazzCash emerges as the highest-momentum fintech in Pakistan with a global top one percent Mosaic score following international recognition.

The State Bank of Pakistan gears up for a major digital upgrade with a brand new official website featuring smart tools and seamless navigation.

JazzCash partners with Mobilink Bank, the Ministry of Finance, and SBP to let retail investors purchase government Treasury Bills directly via mobile app.

The Benazir Income Support Programme transitions all beneficiary payments to a digital wallet system by July 2026 to ensure security and prevent fraud.

BISP Chairperson Rubina Khalid announces transition to digital wallet disbursements with over eight million free mobile SIMs distributed to promote financial inclusion.

United Bank Limited and 1LINK hold strategic meeting to boost PayPak card acquisition, explore co-badge options, and strengthen Pakistan payment ecosystem.

1LINK and First Women Bank Limited sign two pivotal agreements at 1HQ to accelerate PayPak adoption and implement secure EMV card personalization services.

Quwat Services Private Limited officially goes live on the 1LINK network as a Non Banking 1BILL Initiator to expand digital bill payments and merchant transactions.

The State Bank of Pakistan Innovation Hub partner with Mojaloop Foundation for an exclusive webinar exploring open source infrastructure and digital payments.

Despite large-scale digital finance infrastructure, Pakistan’s transition away from cash remains limited. Weak behavioral adoption, household-based financial practices, and informality constrain the impact of systems like Raast, keeping digital payments widespread but shallow in everyday economic use.

Cryptocurrency and decentralized finance are emerging as alternative financial rails in Pakistan, addressing long-standing barriers to financial inclusion while raising new questions around regulation, trust, and risk.