digital payments
Independent Audit of Cashless Economy Initiative 2025 on the Cards
3 min read
The government has decided to conduct an independent review and audit of its “Cashless Economy Initiative 2025,” covering its design, implementation, impact, and governance mechanisms.…
Logiserve Gains NBFC License to Power Fintech for Merchants
2 min read
Logiserve, a fully owned subsidiary of Secure Logistics – Trax Group Limited (SLG-Trax), has received an NBFC license from the Securities and Exchange Commission of…
Pakistan to Introduce Digital IDs for Citizens in Cashless Economy Push
2 min read
Prime Minister Shehbaz Sharif has announced that the government is prioritising the creation of Digital IDs to support Pakistan’s shift toward a cashless economy. Chairing…
Digital Payments Soon Mandatory for Retailers as Govt Pushes for Cashless Economy
3 min read
Pakistan is set to make digital payments mandatory for retailers in key regions by September, accelerating its cashless economy ambitions. An official document reviewed by…
Alibaba Pakistan Partnership to Drive Exports Through Digital Payments
2 min read
KARACHI: In a strategic move to expand Pakistan’s presence in global markets, the government is set to formalize an Alibaba Pakistan partnership next week. This…
Bykea Shocks the Market with new Payment Feature
2 min read
Ride-hailing and delivery platform Bykea has announced the rollout of digital payments for rides, allowing passengers to pay through Easypaisa, JazzCash, and online bank transfers,…
SBP: Cash Still Dominates High-Value Payments in Pakistan
2 min read
While digital payments in Pakistan continue to grow rapidly, a major challenge persists: high-value transactions remain largely paper-based. According to the State Bank of Pakistan…
Only 3% of Pakistan Retailers Accept Digital Payments: SBP
2 min read
Despite advances in digital payment infrastructure, Pakistan’s retail sector shows low adoption of point-of-sale (POS) systems, underscoring a continued dependence on cash transactions. According to…
Pakistan Pushes for Cashless Economy: High Level Committee formed
2 min read
Prime Minister Muhammad Shehbaz Sharif has formed a high-level committee to accelerate Pakistan’s transition to a cashless and digitalized economy. The committee, personally chaired by…
Steep Higher Tax on Cash on Delivery (COD) confirmed in Budget FY26
2 min read
The federal government is preparing to implement a higher income tax on Cash on Delivery (COD) transactions, compared to digital payments. This move, proposed under…
Budget 2025-26 Unveils Dual Petrol Pricing to Combat Cash Economy
3 min read
ISLAMABAD: The federal government is expected to unveil a dual pricing system in Budget 2025-26. The plan introduces different tax and transaction rates for cash…
114 Million Unbanked and Just 18% Digitally Active: What’s Holding Pakistan Back?
3 min read
Pakistan continues to face significant challenges in achieving financial inclusion and expanding digital payment adoption, as highlighted in a recent World Bank report. The report…
Raast Records Over 892 Million Transactions as SBP Pushes for Digital Shift
2 min read
KARACHI: Pakistan’s digital payment landscape continues to expand rapidly, with Raast, an instant digital payment platform developed by the State Bank of Pakistan (SBP), crossing…
