Tag: mobile banking

Zindigi introduces Pakistan’s first fully digital fintech credit card, offering instant approval, no paperwork, and full app control for modern users.

The SBP Quarterly Payment Systems Report reveals a massive shift toward a cashless economy with digital transactions reaching 92 percent of the retail total.

Punjab IT Board signs agreement with Bank of Punjab to advance PayZen digital payment platform, enabling secure, instant payments, QR code facilities, and API integration.

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.

Jazz has partnered with easypaisa to integrate its CallPerks AdTech platform into the digital banking ecosystem, enabling brands to deliver personalized audio messages and enhancing customer engagement across Pakistan’s fintech landscape.

1LINK has onboarded InnovExcell Pvt Ltd as an aggregator on its 1BILL platform, enabling customers to make secure and convenient digital payments through mobile and internet banking, ATMs, and OTC channels across 1LINK member banks.

Bank Alfalah launches a redesigned end-to-end digital acquisition website, offering seamless product comparisons, faster onboarding, and integrated tools for a unified digital banking experience.

Easypaisa digital bank has reported a profit before tax of PKR 3.64 billion for H1 2025, reflecting a 39.4% increase year-on-year. Growth was driven by digital lending, payments, and higher customer deposits, reinforcing the bank’s leadership in Pakistan’s fintech sector.

Halan Microfinance Bank, owned by Egyptian fintech unicorn MNT-Halan, has obtained a national license from the State Bank of Pakistan, enabling a countrywide expansion of its digital financial services, including branchless banking, mobile wallets, and various lending products, aimed at broadening financial inclusion across the nation.

Pakistan’s leading digital wallets, JazzCash and easypaisa, introduce QR code payment systems across cattle markets nationwide, enabling safer and more efficient transactions ahead of Eidul Azha and supporting the country’s shift toward a cashless economy.

Raqami Islamic Digital Bank, built on Codebase Technologies’ Digibanc platform, pilots Pakistan’s first fully digital Shariah-compliant retail bank, advancing financial inclusion and digital transformation aligned with the State Bank of Pakistan’s 2028 vision.