Tag: Pakistan digital economy

The Government of Pakistan, in collaboration with Easypaisa Digital Bank and Ant International, emphasized accelerating the transition to a cashless economy, expanding digital payments, and enhancing financial inclusion for individuals and small businesses.

An in-depth analysis of Pakistan’s new digital finance framework following the Virtual Assets Ordinance 2025, examining how the Pakistan Virtual Asset Regulatory Authority and the State Bank of Pakistan aim to balance innovation with oversight, strengthen consumer protection, and build trust in cryptocurrencies, tokenized assets, and virtual asset service providers.

JazzCash wins the AI1440: Financial Services award at the VEON Ignite Awards 2025 for its AI-powered ReadyCash nano-lending engine, highlighting its impact on financial inclusion and digital credit access across Pakistan.

PayFast, in collaboration with Telenor and eOcean, introduces a WhatsApp-based bill payment solution, enabling secure, instant, and convenient telecom payments for users in Pakistan.

Zindigi by JS Bank hosted its Global Advisory Board in Pakistan to strengthen fintech collaboration, explore investment opportunities, and integrate international best practices, highlighting the country’s growing potential as a digital finance hub.

The State Bank of Pakistan’s Innovation Hub has launched its first SBP Innovation Hub Seminar Series, starting with a session featuring Raza Matin from the Better Than Cash Alliance on building trust in Raast digital payments and strengthening security and public confidence in Pakistan’s digital financial ecosystem.

PayFast and Askari Bank have partnered to introduce a Raast-powered white-label checkout solution, enhancing digital payments for merchants and consumers while advancing Pakistan’s cashless economy.

Visa hosted an exclusive Marketing Circle in Pakistan, uniting CMOs and business leaders from top banks and fintechs to discuss performance-led marketing, collaboration, and innovation in the digital payments ecosystem.

DigiKhata has received an NBFC license from SECP, enabling the fintech to expand into regulated digital lending and offer credit solutions for SMEs and MSMEs in Pakistan.

MCB Bank and NayaPay have signed a partnership to digitize home remittances for overseas Pakistanis, combining MCB’s extensive remittance network with NayaPay’s digital wallet platform to enhance speed, reliability, and accessibility.

Pakistan has strengthened its global standing by advancing crypto diplomacy, establishing the Virtual Assets Regulatory Authority, and creating a strategic Bitcoin reserve. Minister of State for Crypto and Blockchain Bilal Bin Saqib emphasized that Pakistan’s evolving crypto policy is designed to unlock international opportunities and secure the nation’s economic future.

The Capital Development Authority (CDA) has made QR codes mandatory for all payments in Islamabad, aiming to make it Pakistan’s first fully cashless city. The move will cover businesses of all sizes, integrate with the Raast system, and digitize all CDA-related payments, promoting transparency and financial inclusion.