digital payments

Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report

By Tehniyat Zafar ⏐ 1 month ago ⏐ Newspaper Icon Newspaper Icon 3 min read

Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…

JazzCash Launches New Brand Identity and Redesigned App Interface

By Tehniyat Zafar ⏐ 1 month ago ⏐ Newspaper Icon Newspaper Icon 2 min read

JazzCash, Pakistan’s leading fintech platform, has unveiled a fresh brand identity and a revamped user interface (UI) aimed at enhancing customer experience. The announcement was…

RAAST Payments to Be Enabled in Online Shopping, Orders SBP

By Tehniyat Zafar ⏐ 2 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Banks and financial institutions have been instructed by the State Bank of Pakistan (SBP) to implement the RAAST payment system in e-commerce and online purchasing…

Raast Payments To Be Enabled In Online Shopping Orders Sbp

Pakistan’s October 2024 Remittances Hit $3.05bn, Reflecting 24% Annual Growth

By Tehniyat Zafar ⏐ 3 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) released data indicating that the inflow of overseas workers’ remittances into Pakistan was $3.052 billion in October 2024, a…

Pakistans October 2024 Remittances Hit 3 05bn Reflecting 24 Annual Growth

SBP Grants In-Principle and Pilot Operations Approvals to EMIs and PSOs/PSPs

By Tehniyat Zafar ⏐ 3 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) has granted in-principle approval to Toko Lab Private Limited and Accept Technologies Private Limited (PayMob) for establishing their operations…

Sbp Grants In Principle And Pilot Operations Approvals To Emis And Psos Psps

Paper-Based Transactions Decline for Second Year; Retail Payments Reach 6.4 Billion in FY24

By Tech Desk ⏐ 4 months ago ⏐ Newspaper Icon Newspaper Icon 3 min read

The State Bank of Pakistan (SBP) has recently published its payment system review for fiscal year 2024, and the statistics show that the paper-based payment…

Elon Musk’s X Gets Currency Transmitter License, Might Introduce Crypto Payments Soon

By Abdullah Shahid ⏐ 1 year ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Acquiring licenses in multiple states, X can now start processing payments in crypto as well as fiat currencies, pushing it a step further into Musk’s…

Elon-Musk-X-crypto-payment

Alliance Francaise forms an alliance with PayPro to facilitate people with digital payments

By Usman Aslam ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

Alliance Francaise recently signed an agreement with PayPro (Private) Limited in concomitance of digitization and disruption in the economic ecosystem within the country, Alliance Francaise…

Govt to pay salaries, employee pensions via Raast instant payments system

By Hamza Zakir ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) has decided to digitize the payment process for salaries and payments of government employees through Raast instant payments system.…

Raast.jpg

Ministry of IT set to launch digital payment gateway soon in Pakistan

By Usman Aslam ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

In recent news, the Federal Secretary of Information Technology and Telecommunication, Shoaib Ahmed Siddiqui, stated that a world-class digital payment gateway will soon be launched…

SBP permanently removes charges for Internet and mobile banking services

By Hamza Zakir ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

The State Bank of Pakistan (SBP) has waived off the fees on various internet and mobile banking services for consumers. The announcement was made by…

Online financial fraud in Pakistan increased by 63% in 2020: report

By Hamza Zakir ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

According to a new report, financial fraud cases in Pakistan have witnessed an increase of 63%. With the rise of digital transactions and online banking…

Pakistani fintech startup called PayPro receives a grant of Rs 7.4 million from USAID and SMEA

By Usman Aslam ⏐ 4 years ago ⏐ Newspaper Icon Newspaper Icon 2 min read

A Pakistani fintech startup hyper-focused towards business to business (B2B) and business to consumer (B2C) payments recently received a grant of nearly Rs 7.4 million…

Get Alerts