Tag: Fintech

Al Ahalia Money Exchange Bureau joins hands with Habib Bank Limited to offer faster, secure, and convenient cross-border remittances with competitive exchange rates and direct account crediting.

Pakistan’s instant digital payment platform RAAST has processed over Rs. 80 trillion in transactions, connecting 48 million users and 53 financial institutions, enhancing financial inclusion and promoting a cashless economy.

JazzCash has partnered with Resource Linked to streamline digital disbursements across Pakistan, enabling organizations to deliver salaries, stipends, incentives, and vendor payments instantly and securely.

Bilal Bin Saqib, CEO of Pakistan Crypto Council, has resigned as special assistant to the Prime Minister on blockchain and cryptocurrency but continues as chairman of the Pakistan Virtual Assets Regulatory Authority.

The Securities and Exchange Commission of Pakistan (SECP) has issued new regulations for Digital Asset Management Services, defining eligibility, licensing, and operational requirements for Digital Asset Management Companies using digital platforms.

The Coca-Cola Company has officially gone live on the Federal Board of Revenue’s (FBR) digital invoicing system through Haball’s Wasl platform, marking a significant advancement in Pakistan’s journey toward automated tax compliance, corporate transparency, and digital transformation.

In support of Pakistan’s Cashless Economy initiative, JazzCash strengthens its position as the leading digital payments provider by enabling RAAST QR transactions at over 400 fuel stations nationwide, expanding its merchant network to 650,000 and driving interoperability across Pakistan’s digital payment ecosystem.

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.

The Capital Development Authority (CDA) has launched a fully cashless payment system at its One Window Facilitation Center, marking a major milestone in Islamabad’s journey toward becoming Pakistan’s first fully digital and smart city.

The State Bank of Pakistan introduces its Technology Risk Management (TRM) Framework for Payment Institutions, setting comprehensive standards to strengthen cybersecurity, operational resilience, and governance across Pakistan’s digital financial ecosystem.

The State Bank of Pakistan reports that women’s active bank accounts have risen to 37 million under its Banking on Equality policy, narrowing the gender gap in financial inclusion. Governor Jameel Ahmad announced the progress during the World Bank Group meetings, emphasizing SBP’s commitment to advancing women’s entrepreneurship and inclusive economic growth.