KARACHI, December 20 2024: The State Bank of Pakistan (SBP) has unveiled its first Quarterly Payment Systems Review for FY25, spotlighting the nation’s progress in adopting digital payments and building a cashless economy. The report, covering July to September 2024, underscores a remarkable surge in digital transactions, infrastructure development, and a declining reliance on cash-based…
Islamabad, December 14, 2020: To accelerate the pace of digitization in Pakistan and make the transition to cashless payments swift for customers, UPaisa has launched a new mobile application. With a simple and user-friendly interface, the UPaisa app allows its users to avail multiple financial services through one platform. For Android and IOS users the…
Karachi, December 3, 2020: During Q1-FY21, the number of registered mobile phone banking users reached 8.9 million showing an increase of 41percent over Q1-FY20 and the number of internet users of bank websites reached 4.3 million with a growth of 26percent over the same period Mobile banking transactions increased to 36.4 million amounting to Rs….
Karachi, August 20, 2020: Easypaisa, Pakistan’s premier digital payments platform, signed an agreement with the Rawalpindi Chamber of Commerce and Industry (RCCI) to enable collection of payments for the organization in a convenient and simplified manner. The agreement was recently signed by Khurram Malik, Head of Easypaisa, Telenor Microfinance Bank and Saboor Malik, President, RCCI at the…
Karachi, May 07,2020: Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue, formally launched the Secured Transactions Registry (STR) today. The STR, established under the Financial Institutions (Secured Transactions) Act, 2016, for registration of security interests/charges created by entities other than companies on their movable assets, has been operationalized by the…