Trends - Digital payments - Business Recorder

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Making digital the default in Pakistan’s cashless agenda

Pakistan’s retail payment ecosystem is now operating at national scale. According to state bank of Pakistan, in Q1...

Published 23 Jan, 2026 05:48am

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DAVOS 26: Aurangzeb meets Visa Group president

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met on Wednesday in Davos with...

Updated 22 Jan, 2026 07:50am

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Exploring potential use of company’s USD1 stablecoin: Govt, WLF sign MoU

ISLAMABAD: In a significant move to enhance the country’s digital finance sector, the government signed a...

Updated 16 Jan, 2026 11:15am

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Aurangzeb meets Visa CEMEA leadership

ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday held a meeting with Visa...

Published 09 Jan, 2026 05:41am

Business & Finance

JazzCash crosses 57m customer mark

ISLAMABAD: JazzCash has crossed 57 million customers, underscoring the rapid adoption of digital payments in...

Published 01 Jan, 2026 08:07am

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Draft amendment to Payment Systems and Electronic Fund Transfers law sent to PMO

ISLAMABAD: The Finance Division has developed a draft legal package to amend the Payment Systems and Electronic Fund...

Updated 31 Dec, 2025 08:05am

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Jul-Sept retail payments: total value soars 6% to Rs166trn from previous quarter

Growth was largely fueled by continued shift toward mobile app-based banking

Updated 31 Dec, 2025 08:01am

Business & Finance

Mobile app-based transactions soar, driving 10% growth in Pakistan’s retail payments

Digital payment channels accounted for 2.5 billion transactions, says SBP

Published 30 Dec, 2025 12:44pm

Markets

Despite rising fintech adoption, reliability concerns weigh on Pakistan’s digital payments ecosystem

Businesses suffer in line with fragmented payment gateways, regulatory bottlenecks, and low digital trust, experts say

Updated 27 Dec, 2025 07:24am

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PSIC’s role in promotion of the SME sector

Small and medium enterprises (SMEs) form the backbone of sustainable economic growth in developing economies,...

Published 13 Dec, 2025 03:33am

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SBP deputy governor explains how digital payments, financial services can transform women’s lives

KARACHI: UN Women-Pakistan, in collaboration with the State Bank of Pakistan and partner UN agencies, marked the...

Published 05 Dec, 2025 06:23am

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Co-badging initiative hailed: Robust digital payments ecosystem high priority: SBP governor

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad reaffirming the SBP’s commitment to developing a ...

Published 03 Dec, 2025 05:59am

Business & Finance

Building secure, cost‑effective digital payments ecosystem ‘a top priority’: SBP governor

Co-badging gaining momentum in Pakistan’s digital payments space, Jameel Ahmad says

Published 02 Dec, 2025 07:56pm

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KP govt approves Digital Payments Act 2025

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Muhammad Sohail Afridi has approved the “Khyber Pakhtunkhwa Digital...

Published 23 Nov, 2025 03:14am

Business & Finance

JS Bank strengthens partnership with Visa

LAHORE: JS Bank, one of the fastest growing banks in Pakistan, has signed an agreement with Visa, a world leader in...

Published 15 Nov, 2025 07:49am

Business & Finance

Public-private collaboration vital for digital economy: SBP Governor

Says the digital future is no longer a distant vision, it is our present reality

Published 12 Nov, 2025 08:58pm

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Review and audit: Cashless economy drive to go under scrutiny

ISLAMABAD: The government has decided to conduct an independent review and audit of its initiatives on the...

Updated 04 Nov, 2025 09:30am

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Can Pakistan’s economy become truly ‘cashless’?

Every morning in Allama Iqbal Town, Lahore, Abdul Rehman opens his small grocery store early. For years, he would...

Updated 26 Oct, 2025 06:40am

Markets

India to roll out biometric authentication for instant digital payments from Wednesday, sources say

MUMBAI: India will allow users to approve payments made through popular domestic payments network, the Unified...

Published 07 Oct, 2025 01:05pm

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CDA introduces digital payments for cashless economy

ISLAMABAD: The Capital Development Authority (CDA) has made digital payments, including Raast QR codes, mandatory ...

Published 04 Oct, 2025 06:12am

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Pakistan’s digital transformation: SBP plans to route govt payments through Raast

KARACHI: In a major push to digitize financial transactions, the State Bank of Pakistan (SBP) plans to route all...

Updated 03 Oct, 2025 09:34am

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All federal & provincial govt payments to go digital by June 2026 in Pakistan

ISLAMABAD: The State Bank of Pakistan (SBP) highlighted the country’s transition towards a cashless economy, with...

Updated 19 Sep, 2025 09:01am

Business & Finance

JazzCash official highlights importance of digital payments

ISLAMABAD: Digital payments are an enabler of transparency, trust, and opportunity, said JazzCash Chief Product...

Published 18 Sep, 2025 07:41am

Perspectives

Cashless by design, digital by destiny: Pakistan’s leap to inclusive progress

'Digital payments will remain aspirational without affordable and reliable broadband'

Published 17 Sep, 2025 03:18pm

Business & Finance

Digital retail payments: FBL and OPay process record Rs100bn

KARACHI: Faysal Bank Limited (FBL) and its China-based fintech partner OPay, have reached a significant milestone by...

Published 06 Sep, 2025 05:38am

Business & Finance

How Visa is tackling a surge in online financial fraud in Pakistan

New wave of deepfake scams and voice cloning fraud represents significant shift in how phishing attacks are executed, says Visa official

Published 01 Sep, 2025 11:51am

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Digital payment methods: Pakistan govt approves huge subsidy for SBP

ISLAMABAD: The Federal government has approved billions of rupees’ subsidy for the State Bank of Pakistan (SBP) to...

Updated 28 Aug, 2025 09:02am

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Cashless Economy Initiative 2025: Pakistan govt orders independent audit

ISLAMABAD: Pakistan government has decided to conduct an independent review and audit of the it’s ‘Cashless Economy...

Updated 25 Aug, 2025 09:36am

Markets

Digitalisation: FBR’s Rs200,000 cash cap puts pressure on retailers, e-commerce

India, Bangladesh employed similar measures for digital payment push

Updated 18 Aug, 2025 07:04pm

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PEA seeks tax relief for e-commerce, digital payments

KARACHI: The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on the local...

Published 11 Aug, 2025 05:49am