Tag: Fintech Innovation Pakistan

JS Bank collaborates with Covalent to introduce JSense, an AI-powered chatbot offering 24/7 customer support and personalized banking assistance, marking a significant step in Pakistan’s digital banking evolution.

Swich has partnered with HBL Konnect as an official Agent Network Manager, starting from Karachi and scaling nationwide, to strengthen financial inclusion and empower merchants and SMEs across Pakistan.

In a first for Pakistan, a Karachi wedding went cashless as guests used Raast QR through Swich to send “digital salami,” marking a milestone in the country’s digital payments revolution.

Khyber Pakhtunkhwa has launched the Digital Payment Challenge 2025 under its Cashless KP initiative, inviting startups and innovators to present fintech solutions that support digital payments and financial inclusion.

Pakistan’s fintech company Haball has been featured in the Forbes Asia 100 to Watch 2025 list, recognizing it as one of the most promising and impactful companies in the region. The recognition highlights Haball’s role in reshaping B2B digital payments and driving financial innovation in Pakistan and beyond.

The Ministry of Finance has instructed public utility companies to implement Raast Dynamic QR codes on consumer bills, enabling instant scan-to-pay options through bank apps. The initiative, supported by SBP and Karandaaz, aims to modernize bill payments, reduce cash reliance, and enhance transparency in Pakistan’s financial system.

The State Bank of Pakistan and Japan’s Soramitsu will launch a pilot of a digital Pakistani rupee this year, aiming to enhance financial inclusion and reduce cash dependency with offline CBDC capabilities.

Pakistan moves forward in the digital finance revolution with an exclusive event at NIC Karachi focusing on virtual assets, real estate tokenization, and Shariah-compliant blockchain innovations, featuring top industry leaders from Binance, KTrade Securities, DigiEstate, and Blockanica Technologies.

Jazz’s SIMOSA app, an evolution of Jazz World, has been featured by Ivey Publishing as a global case study in digital transformation. The platform now serves 21 million users with lifestyle, connectivity, and self-care features, positioning itself as a leading digital innovation from Pakistan.

TASDEEQ and Shaamilkar Financial Services have partnered to revolutionize digital lending in Pakistan, focusing on responsible credit access, financial inclusion, and Shariah-aligned installment solutions to empower individuals and MSMEs across the country.

Eocean CEO Syed Aamir Jafri shares how the company’s WhatsApp Business integration with PTCL earned global recognition and outlines his vision for conversational commerce, AI innovation, and smartphone financing in Pakistan’s digital future.