National Bank of Pakistan (NBP) has received approval to launch Raast Person-to-Merchant acquiring services commercially. The move marks another step in Pakistan’s shift toward digital payments and a cashless economy. The approval allows NBP to begin full commercial operations under the Raast framework developed by the State Bank of Pakistan. NBP announced the development in […]
Pakistan Could Hit $50 Billion Remittances With Crypto Legalisation
Pakistan’s annual remittance inflows could rise to $50 billion if cryptocurrencies are legalised and properly regulated, according to Malik Bostan, chairman of the Exchange Companies Association of Pakistan. Speaking at a meeting of exchange company stakeholders on April 28, Bostan said remittances currently stand at around $38 billion. He argued that integrating digital assets into […]
NBP, ISTIQEME Join Hands to Accelerate Digital Payments Ecosystem Across Pakistan
The National Bank of Pakistan has entered into a strategic collaboration with ISTIQEME aimed at expanding the country’s digital payments infrastructure, with a particular focus on accelerating the adoption of QR-based merchant payments. The partnership was formally announced during a signing ceremony held at NBP’s Regional Office in Karachi, where senior representatives from both organisations […]
Faysal Bank Introduces Pakistan’s First Cardless ATM Withdrawal via Mobile
Faysal Bank Limited has introduced Pakistan’s first Mobile Tap and Withdraw service, allowing customers to withdraw cash from ATMs using their smartphones without the need for a physical debit card. The service enables users to digitise their debit or Noor card through the Faysal Digibank mobile application, turning their smartphones into secure, contactless access tools […]
JazzWorld to Highlight Pakistan’s AI Digital Revolution at MWC Barcelona 2026
Pakistan’s leading telecommunications operator JazzWorld is set to highlight the nation’s digital transformation achievements at the GSMA Mobile World Congress (MWC) Barcelona 2026, one of the world’s most significant tech events. The company confirmed its participation in the annual industry gathering, where it will put Pakistan’s AI-powered digital initiatives on the global stage. (propakistani.pk) MWC […]
Mobilink Bank Becomes Microfinance Leader with Historic PKR 3.62B Profit
Pakistan’s leading digital microfinance bank, Mobilink Bank has announced its financial results for the year ended December 31, 2025. The bank delivered strong growth across key financial and operational indicators while reinforcing its leadership position in Pakistan’s microfinance banking sector. Mobilink Bank delivered a strong financial turnaround in 2025, with *Profit Before Tax reaching PKR […]