PayPal fixes outage that affected thousands worldwide
Company experienced a system issue that affected multiple products including account withdrawals
Pakistan’s digital payments surge 35% in FY24, reports SBP
Total volume of digital transactions rise from Rs4.7 billion to Rs 6.4 billion while their value grows to Rs 547 trillion from Rs 403 trillion
Govt shifts to Raast for employees’ salaries, vendor bills paymentsÂ
Over 90% of federal employees now paid through the State Bank's instant payment system as digital transactions surge
Visa aims for 10-fold rise in Pakistani use of digital payments
Strategy involves transforming phones into payment instruments and accepting various forms of payment, including QR and card tap
Digital transactions account for 83% of total retail payments in Pakistan: SBP
Banks and EMIs processed 844 million retail payments amounting to PKR 128,470 billion during the quarter
Govt halts National Digital Wallet project
IT Ministry deems cashless economy initiative infeasible
The problem is access to credit, not payments claims Abhi CEO at World Economic Forum
Representing Pakistan’s fintech community at World Economic Forum, Omair Ansari claims it is a fallacy that Pakistan has a big unbanked population because of the impact of the telcos.
NayaPay, Alipay+ partner to boost global payments into Pakistan
The fintech platforms will use QR codes compatible with Raast and Alipay+ payment partners to enable cashless transactions and support SMEs
Pakistan to begin PayPal payments for freelancers in February
ISLAMABAD: In a significant development for Pakistan's freelance community, the Caretaker Federal Minister for Information Technology and Telecommunication, Dr. Umar Saif, announced...
SBP launches Raast P2M service to facilitate digital payment acceptance
New service enables customers and merchants to make and receive digital payments via QR codes, RTP, IBAN, and Merchant Alias
What’s next for Pakistan’s earliest startup veteran?
The startup ecosystem has had a rollercoaster ride. Does one of its oldest occupants have another trick up his sleeve?
Mudassar Aqil is leaving Telenor Microfinance Bank (EasyPaisa), but what is he leaving behind?
After putting the business on a profitable path, Aqil bids farewell to one of the largest microfinance institutions in the country
Ladies and gentlemen, here are your digital banks
With the central bank finally issuing NOCs for setting up digital banks, Profit looks at the contenders and their intentions
Cards not accepted here: Why fuel stations are turning on digital payments
OMCs are in a conundrum, and will face the possibility of a constriction in overall volumes
Data usage jumped 25pc, revenue from voice traffic declined 10pc during lockdown
ISLAMABAD: Apart from other impacts of the outbreak of coronavirus, the lockdowns and work from home initiatives have also changed the consumers’...