Tag: Pakistan fintech ecosystem

Karandaaz Pakistan partners with Walee Financial Services to introduce Khudmukhtar Khatoon, Pakistan’s first Shariah-compliant digital asset financing program designed exclusively for women entrepreneurs, aiming to enhance financial inclusion and empower women-led businesses through accessible and ethical finance.

Onic Pakistan integrates Google Pay into its digital payment ecosystem, reinforcing its mission to deliver seamless, secure, and instant payment experiences while bridging the gap between telecom and fintech innovation.

The Securities and Exchange Commission of Pakistan (SECP) has certified Walee Financial Services as a fully Shariah-compliant Non-Banking Financial Company (NBFC), marking a landmark achievement for Pakistan’s Islamic fintech ecosystem.

Pakistan-based fintech startup Haball earns a spot on CB Insights’ prestigious 2025 list of the 100 Most Promising Fintech Startups, marking a major milestone in the company’s mission to revolutionize digital financial infrastructure across emerging markets.

Karandaaz Pakistan and Walee Financial Services have launched Khudmukhtar Khatoon, Pakistan’s first Shariah-compliant digital asset-financing solution designed exclusively for women entrepreneurs, promoting inclusive access to finance and empowering women-led businesses nationwide.

JazzCash and KTrade Securities have partnered to enable real-time stock trading directly through the JazzCash app, allowing users to invest in the Pakistan Stock Exchange using their mobile wallets. The collaboration, supported by SECP, PSX, NCCPL, and CDC, aims to expand financial inclusion and democratize access to capital markets.

PaySa, Pakistan’s newest Electronic Money Institution, has partnered with Covalent to deploy its award-winning Taabiir platform, aiming to accelerate digital payments and enhance merchant services across the country.

Pakistani fintech companies are expanding into Saudi Arabia, leveraging Vision 2030 reforms and bilateral ties. From partnerships at Money 20/20 Riyadh to new registrations, Pakistan’s IT sector is tapping KSA’s growing fintech market.

Visa has partnered with Raqami Islamic Digital Bank, Pakistan’s first Islamic digital retail bank, to launch a secure, Shariah-compliant card portfolio aimed at expanding financial access for underserved communities through a mobile-first, digital banking platform.

The State Bank of Pakistan (SBP) will launch PRISM+, a next-generation RTGS and Central Securities Depository system, on June 16, 2025, significantly enhancing the country’s digital payments and settlement infrastructure.

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.