Tag: fintech in Pakistan

KTrade Securities launches the first phase of its mission to open one million trading accounts at the Pakistan Stock Exchange, a major step for fintech and retail investor participation in Pakistan.

The government has ordered an independent audit of the Cashless Economy Initiative 2025 to evaluate its design, implementation, and impact. The review will assess adoption of Raast, QR payments, and government digitization while recommending improvements to strengthen Pakistan’s digital financial future.

House of Habib has partnered with Haball to adopt its digital invoicing solution, marking a major step toward digital transformation in Pakistan’s corporate sector. The collaboration will streamline financial processes, ensure compliance, and set a benchmark for business efficiency.

CDC has integrated the RAAST payment system with Munir Khanani Securities, enabling real-time fund transfers for investors and advancing Pakistan’s digital capital market infrastructure.

Bazaar Technologies has acquired digital payments firm Keenu, paving the way for Pakistan’s first integrated commerce-fintech platform. The deal aims to blend e-commerce with in-house payments infrastructure, transforming how businesses and consumers transact across the country’s digital economy.

Bank Alfalah has introduced a 0% markup installment plan for smartwatches and earbuds under its Smart Buy Scheme, exclusively for its credit card holders. The offer makes top wearable tech more accessible with flexible payment options.

Pakistan’s digital payments ecosystem reached new highs in Q3 FY25, with 89 percent of retail payments processed digitally. Mobile banking apps, e-wallets, and SBP systems like Raast led the transformation, reflecting strong momentum in the country's shift to a cashless economy.