digital payments
Pakistan Govt Rolls Out Rs. 20 Billion Digital Payments Initiative to Boost Financial Inclusion
Islamabad: In a groundbreaking step toward a digitized and inclusive economy, Federal Minister for IT and Telecommunications Shaza Fatima Khawaja, officially launched Pakistan’s first-ever digital…
India’s UPI Payment Services Restored After Nationwide Outage
India’s Unified Payments Interface (UPI), the backbone of digital transactions in the country, suffered a major outage yesterday, leaving millions of users unable to make…
Google Wallet Now Lets Kids Make In-Store Payments in Five Countries with Parental Supervision
Google has officially rolled out a new feature allowing children with Android phones to make in-store purchases using Google Wallet in select countries, including the…
FBR Mandates Digital Payments for Businesses to Boost Revenue Collection
ISLAMABAD: The Federal Board of Revenue (FBR) has taken a significant step toward digitalizing Pakistan’s economy by making debit and credit card payments mandatory for…
Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report
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
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
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…
Pakistan’s October 2024 Remittances Hit $3.05bn, Reflecting 24% Annual Growth
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…
SBP Grants In-Principle and Pilot Operations Approvals to EMIs and PSOs/PSPs
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…
Paper-Based Transactions Decline for Second Year; Retail Payments Reach 6.4 Billion in FY24
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
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…
Alliance Francaise forms an alliance with PayPro to facilitate people with digital payments
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
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.…
