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Discover all the payments and fintech-related news and analysis about Pakistan in The Paypers News, Reports, along with other Pakistan-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Pakistan in The Paypers News, Reports, along with other

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China Mobile launches PayMax

News | Mobile Payments | 05 Jan 2023

China Mobile has showcased its first digital payments solution PayMax, aiming to offer a financial solution that ensures inclusion in the unbanked sector of Pakistan.

digital payments, product launch, financial services, financial inclusion, unbanked

Financial wellness platform Abhi raises USD 17 mln in funding

News | Payments General | 19 Apr 2022

Pakistan-based financial platform Abhi has raised USD 17 million in a Series A funding round, at an USD 90 million market evaluation. 

B2B payments, funding, crowdfunding, financial services, financial inclusion

Fintech SadaPay raises funds before of rollout

News | Mobile Payments | 25 Apr 2022

Pakistan-based fintech SadaPay has raised additional funds as it received permission for operations that will allow it to add new users.

mobile payments, EMI licence, central bank, fintech, payment processing

M10 Networks teams with NIFT on B2B digital payments in Pakistan

News | Online Payments | 26 Apr 2022

The National Institutional Facilitation Technologies (NIFT) of Pakistan and fintech US-based fintech M10 Networks had partnered to facilitate B2B payments within Pakistan.

partnership, digital payments, tokenization, payment gateway, B2B payments, payment processing

Dastgyr receives USD 15 mln investment from VEON Ventures

News | Ecommerce | 14 Jun 2022

Pakistan-based B2B ecommerce platform Dastgyr has obtained USD 15 million from VEON Ventures as part of its Series A to increase Pakistan’s ecommerce market.

investment, marketplace, ecommerce, mobile payments, expansion

PayFast partners with Visa through Cybersource

News | Mobile Payments | 20 Jun 2022

Pakistan-based fintech PayFast by APPS has teamed up with Visa through Cybersource to provide payment acceptance to online businesses.

partnership, Visa, SoftPOS, digital payments, merchant, ecommerce, SMEs

Pakistan launches app for passport-related payments

News | Mobile Payments | 20 Jul 2022

The Directorate-General of Immigration and Passports of Pakistan (DGIP) has announced the launch of a mobile app for making online payments for passports.

mobile payments, product launch, online payments, ATM, Android

United Bank Limited partners with Temenos

News | Online & Mobile Banking | 15 May 2023

Pakistan-based digital bank UBL has partnered with Temenos to use the latter’s digital banking platform for the digitalisation of its banking services.

partnership, online banking, digital banking, mobile banking, banking, financial institutions, financial services, financial data

Pakistan announces a ban on cryptocurrencies

News | Cryptocurrencies | 19 May 2023

The government of Pakistan has announced that cryptocurrencies will never be legal in the country in a bid to prevent illegal digital currency transactions.

cryptocurrency, regulation, compliance, digital assets

Bank Alfalah acquires equity stake in, and partners QistBazaar

News | Online & Mobile Banking | 10 May 2023

Pakistan-based commercial bank Bank Alfalah has signed a deal to acquire an equity stake in BNPL platform QistBazaar and entered an embedded financing agreement.

partnership, acquisition, equity, investment, fintech, banking, banks, BNPL, embedded finance, financing , financial inclusion, ecommerce, marketplace

Pakistan banks want to use blockchain for KYC procedures

News | Cryptocurrencies | 06 Mar 2023

The Pakistan Banks’ Association has signed a contract for the implementation of a blockchain-based know your customer (KYC) platform.

banks, blockchain, KYC, regulation

The Bank of Punjab partners with Mastercard

News | Cards | 16 May 2022

Pakistan-based Bank of Punjab (BOP) has announced it will issue Mastercard debit and credit cards to its customers.

MasterCard, partnership, Issuer, debit card, credit card, ecommerce, digitalisation

Pakistan's National Savings connects with Raast payment system

News | Payments General | 24 May 2022

State Bank of Pakistan (SBP) has announced the integration of Central Directorate of National Savings (CDNS) with Raast payment system.

central bank, EMI licence, digitalisation, real-time payments, payment methods

ZoodPay expands to Pakistan with the acquisition of Tez Financial Services

News | Online & Mobile Banking | 26 May 2022

Digital lending platform for ecommerce ZoodPay has entered Pakistan by fully acquiring Karachi-headquartered Tez Financial Services (Tez).

acquisition, lending, fintech, digital banking, credit scoring

Askari Bank chooses SAS to accelerate digitisation

News | Online & Mobile Banking | 26 May 2022

Askari Bank, a Pakistan-based banking institution, has collaborated with SAS to optimise its compliance and risk processes.

banks, partnership, digitalisation, compliance, risk management

ACE Money Transfer partners with Bank Alfalah

News | Online Payments | 04 Sep 2023

UK-based fintech company ACE Money Transfer and Bank Alfalah have partnered in order to offer clients based in Pakistan improved remittance services.

partnership, online payments, digital payments, mobile payments, financial services, financial institutions, remittance, cross-border payments

PostEx buys rival Call Courier to consolidate its position in Pakistan

News | Ecommerce | 30 Aug 2022

Pakistan-based provider of courier and financing services PostEx has acquired rival Call Courier, making it one of the largest ecommerce delivery companies.

ecommerce, delivery, supply chain finance, acquisition, report

Allied Bank selects BPC to launch Merchant Acquiring business

News | Payments General | 09 Sep 2022

Allied Bank has selected BPC to enable digital payment acceptance as a Merchant Acquirer to contribute toward expansion of digital payments ecosystem.

banks, partnership, product launch, merchant, digital payments

YAP Pakistan partners with Bank Alfalah

News | Online & Mobile Banking | 12 Sep 2022

YAP Pakistan has partnered with Bank Alfalah to offer customised digital financial products and services for small and medium enterprises (SMEs). 

partnership, banks, product launch, financial services, SMEs

Neem introduces embedded payments infrastructure Pakistan

News | Payments General | 25 Sep 2023

Pakistan-based fintech Neem has launched an embedded payments infrastructure to meet the needs of digital businesses in Pakistan and streamline digital transactions.

embedded payments, product launch, digitalisation, payments infrastructure, financial inclusion, digital payments