Tag: QR Code Payments

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 finance ministry teams up with Visa to digitize government payments, enhance financial inclusion, and support cashless transactions as part of ongoing economic reforms.

Pakistan’s digital payments ecosystem continues its rapid growth, with a 38% year-on-year increase in transactions, rising digital adoption across retail payments, and expansion of branchless banking agents and QR-enabled merchants nationwide.

Abbasi and Company Pvt. Ltd. has joined Bank AL Habib’s Digital Payment Initiative under the State Bank of Pakistan’s guidance, becoming one of the first PSX brokerage houses to adopt QR-based digital payments, advancing the country’s vision of a cashless and digital economy.

NADRA has introduced multiple digital payment options including JazzCash, Easypaisa, E-Sahulat, and QR code payments for application fees, supporting Pakistan’s cashless economy vision.

The Federal Board of Revenue has updated its Sales Tax Rules 2006, requiring all integrated businesses to enable debit and credit card machines, QR codes, and other digital payment options at every sales point, alongside stricter compliance and monitoring measures.

Islamabad is adopting mandatory M-Tags and a citywide digital parking system, aiming to reduce congestion and promote a fully cashless, tech-driven urban experience through mobile payments and surveillance integration.

M&P Express Logistics has introduced QR code–enabled doorstep payments, advancing Pakistan’s logistics industry into a cashless era with seamless backend integration and automated accounting, setting a new standard for customer-focused digital innovation.

Pakistan’s digital payments ecosystem reached new highs in Q3 FY25, with 89 percent of retail payments processed digitally. Mobile banking apps, e-wallets, and SBP systems like Raast led the transformation, reflecting strong momentum in the country's shift to a cashless economy.

Neem partners with Leopards Courier Services to digitize logistics payments through a branded wallet app, aiming to improve merchant settlements and financial inclusion in Pakistan’s logistics sector. The collaboration marks Neem’s continued expansion into key sectors through embedded finance solutions.

The government of Pakistan is set to implement dual pricing and higher taxes on cash transactions in Budget 2025-26 to promote digital payments and broaden the tax base. The new policy includes mandatory QR code and card machine adoption across fuel stations and retailers, while offering tax relief to salaried individuals.

Faysal Bank has launched Raast QR payments across major Mandis in Pakistan ahead of Eid-ul-Adha 2025, offering a secure, cashless, and instant payment solution. This move supports Pakistan’s fintech growth and aligns with the State Bank's push for digital financial inclusion.