LAHORE: The Bank of Punjab and Stacks signed a strategic MoU marking a key step toward transforming Pakistan’s remittance landscape and advancing its digital financial ecosystem.
Muneeb Ali (Co-founder Stacks) and Zafar Masud (President & CEO, BOP) formalized the partnership through the MoU signing.
By combining Stacks’ technology with BOP’s banking expertise, the collaboration aims to deliver faster, secure, and transparent cross-border payments—enhancing accessibility and convenience for overseas Pakistanis.
As part of this initiative, we will undertake a pilot transaction to explore the use of stablecoins for remittance, assessing how blockchain-based solutions can improve speed, reduce costs, and increase transparency in cross-border payments.
This partnership reflects a shared commitment to financial inclusion and innovation, contributing to a stronger, more connected, and digitally empowered Pakistan.
Copyright Business Recorder, 2026