Computer services have fueled ICT exports in recent years: SBP
The central bank said the country’s informal exports were higher than its formal exports and projections by industry experts put the total size of its ICT exports at $2.5 billion
Tania Aidrus’s big bet on creating a Digital Pakistan
It started, as things often do in Pakistan, with a WhatsApp forward. On Thursday, December 5, a group of Pakistanis living in...
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
Covid-19: 1LINK collaborates with Bookme to facilitate online ticketing
LAHORE: E-payment network 1LINK has partnered with online ticketing startup Bookme.pk for 1LINK – 1BILL aggregation services to simplify digital payments for...
Transactions through e-banking channels touched Rs47.4 trillion in FY18: SBP
The number of local e-commerce merchants registered with banks reached 1,094 and consumers carried out 3.4 million online e-commerce transactions valuing Rs 18.7 billion
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
Cashless Khyber Pakhtunkhwa Initiative launched to promote digital payments
Aims to implement mandatory digital payment system for businesses, strengthening economic growth, enhancing transparency, and reducing reliance on cash
SBP boosts transaction limits to promote digital payments in cattle markets before Eidul Adha
Collaboration with 22 banks aims to increase cashless transactions and reduce reliance on cash during the peak livestock trading season at 54 key cattle markets in 21 districtsÂ
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
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
Banks asked to improve digital payment system
KARACHI: The State Bank of Pakistan on Monday directed the banking industry to improve acceptance of payment cards across the country.
The directive...
SBP unveils PRISM+ system to upgrade National Digital Payments Infrastructure
PRISM+ aims to improve transparency, interoperability, and liquidity management in the payments ecosystem, launching on June 16
Pakistani freelancers to regain access to blocked funds on Payoneer cards today Â
Preempting the positive decision, CEO Payoneer says company to ensure access to blocked funds regardless of outcome of scandal probe.
The promising life and tragic death of Inov8
Founders of Pakistan’s most valuable fintech, Bashir and Hasnain Sheikh squandered potential that they had for years, all the while trying to ‘fake it till you make it’. This is their story: a business tragedy in five parts, and the hamartia is hubris
Govt to introduce dual pricing for cash and digital transactions on fuel: report
Consumers making cash transactions at petrol stations will incur an additional cost of Rs2-3 per liter