PRA promoting digital payments Published 14 Nov, 2026 06:45am LAHORE: The Punjab Revenue Authority (PRA) is set to launch a reward scheme for customers of hotels and restaurants...
Kayani urges banks to accelerate ‘Cashless Pakistan Initiative’ Updated 14 Nov, 2026 05:46am KARACHI: Minister of State for Finance, Bilal Azhar Kayani, visited the Pakistan Banks Association (PBA) head office...
India's Paytm gets preliminary RBI nod for wallet licence; shares hit record high Published 13 Nov, 2026 04:22pm Paytm's payments unit received preliminary RBI approval for prepaid products, boosting its stock
Approval of Raast QR MDR scheme: SBP told to prepare working paper Published 13 Nov, 2026 05:50am ISLAMABAD: The government has directed the State Bank of Pakistan (SBP) to prepare a working paper for approval of...
Use of cheques will be stopped: All AAA payments only via Raast from 16th Published 07 Nov, 2026 04:51am ISLAMABAD: In a major step towards promoting a cashless economy, the government announced on Friday that...
Aurangzeb, Mastercard team discuss digital payments, financial inclusion Published 05 Nov, 2026 06:01am ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with a delegation of...
Cashless drive: Govt tightens digital payments oversight, plans tax reforms Published 14 Oct, 2026 04:31am ISLAMABAD: The government has decided to tighten the definitions of active digital payment users and merchants and...
India postpones UPI payment fee rollout until after Diwali festival Published 13 Oct, 2026 03:18pm India postpones the 0.4% UPI payment fee until after Diwali, a timely move to support festive season spending for millions of users
Restaurant, cafe sector: PRA expanding digital monitoring to curb tax evasion Published 13 Oct, 2026 05:04am LAHORE: The Punjab Revenue Authority (PRA) has announced a major push to curb tax evasion in the restaurant and cafe...
PRISM+ settles 6.3m transactions: SBP Published 07 Oct, 2026 05:37am KARACHI: Pakistan’s Real-time Interbank Settlement Mechanism Plus (PRISM+) settled 6.3 million transactions worth...
1LINK expects payment transactions to exceed 12bn in 2026 Published 05 Oct, 2026 05:09am KARACHI: Amid Pakistan’s rapid growth in digital payments, 1LINK expects transaction volumes on its payment rails to...
PhonePe plans 20,000 new hires to expand merchant network in rural India Published 24 Sep, 2026 03:44pm PhonePe is hiring 20,000 sales staff to dramatically expand digital payment acceptance into India's smaller towns and villages
India's UPI fee faces retailer, broker pushback Published 16 Sep, 2026 07:07pm Retailers are pushing back against India's new UPI fee, fearing squeezed margins and a return to cash transactions, particularly during festivals
India consults banks, payment firms on fees for large UPI payments, sources say Published 15 Sep, 2026 04:58pm The move will benefit banks and payment firms in Asia’s third-largest economy that posted 24 billion UPI payments totalling $311 billion in August
Dutch fintech Adyen sees long-term India opportunity, plans local expansion Published 09 Sep, 2026 04:08pm Adyen is rapidly expanding in India, leveraging local insights and UPI to dominate the fast-growing digital payments sector
Digital P2G payments gain momentum Published 07 Sep, 2026 04:49am KARACHI: Person-to-Government (P2G) payments through digital channels are gaining momentum, with 1LINK alone...
JazzCash onboards 1.7m merchants onto Raast Published 05 Sep, 2026 04:59am KARACHI: JazzCash has emerged as a key player in the government’s drive to document Pakistan’s informal economy,...
India stalls Alipay+ payments link over security, data concerns, sources say Published 03 Sep, 2026 06:20pm Alipay+'s proposal to link with India's UPI is stalled over national security and data concerns, sources confirm
Real-time transaction visibility: Centralised merchant database proposed Published 03 Sep, 2026 05:39am ISLAMABAD: The government has proposed establishing a centralised database of digital merchants to improve real-time...
India preparing rollout of agentic payments on UPI, sources say Published 01 Sep, 2026 04:34pm India's UPI will enable AI agents for seamless small payments, leveraging its 24.51 billion monthly transactions to usher in a new digital commerce era
Pakistan, Google sign MoU to deepen digital skills cooperation Updated 22 Aug, 2026 09:33am ISLAMABAD: Pakistan and Google on Friday signed an Memorandum of Understanding (MoU) to deepen cooperation on...
All govt-to-person payments to go digital Published 18 Aug, 2026 06:30am ISLAMABAD: The government has set an ambitious target of making all government-to-person (G2P) payments fully...
India paves way for return of merchant fees on digital payments Published 04 Aug, 2026 07:23pm UPI processed 23.6 billion transactions worth 29.9 trillion Indian rupees ($313.5 billion) in July
Govt to design modern payments infrastructure Published 29 Jul, 2026 07:10am ISLAMABAD: The government has outlined an ambitious mandate for a team of technology and financial systems experts...
The digital divide Published 18 Jul, 2026 05:03am EDITORIAL: A cashless economy cannot be built on unreliable internet. That uncomfortable reality sits at the heart...
Cashless economy to drive sustainable growth, transparency, says PM Published 14 Jul, 2026 03:46pm Cashless economy drive sees mobile banking users jump from 95M to 137M, boosting transparency and efficiency for millions
RISE: IEG delivers mixed verdict Updated 14 Jul, 2026 09:18am ISLAMABAD: The World Bank’s Independent Evaluation Group (IEG) has delivered a mixed verdict on Pakistan’s USD 856...
Tripartite deal with SBP, 1LINK (Guarantee) Ltd signed: SC integrates digital payments into judicial processes Published 19 Jun, 2026 07:33am ISLAMABAD: The Supreme Court integrated digital payments into judicial processes, marking another significant...
‘User Experience of Digital Payment Services’: SBP launches nationwide survey Published 11 Jun, 2026 06:01am KARACHI: The State Bank of Pakistan (SBP) has launched a nationwide survey on “User Experience of Digital Payment...
India's RBI plans expansion of digital rupee through welfare schemes, cross border payments Published 29 May, 2026 06:10pm The move comes as India seeks to broaden the use of the digital Indian rupee and explore its role in cross-border payments