BankIslami Launches Pakistan’s First Shariah-Compliant Raast QR Payment Gateway
Pakistan’s first digital Islamic banking platform, ‘aik’ by BankIslami, has launched aikPay— Pakistan’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, allowing customers to pay instantly from their bank accounts and enabling merchants to receive payments securely through a smooth checkout experience.
Mehfooz
PM urges to promoting cashless ecosystem in Pakistan
Prime Minister Shehbaz Sharif was chairing a high-level meeting focused on promoting a cashless economy in Pakistan.
Adil Aziz
Easypaisa enables in-app QR payments for sale, purchase of sacrificial animals on Eid-ul-Azha
Easypaisa, is bringing ease and convenience to its users on the Eid-ul-Azha for the sale and purchase of sacrificial animals through its very own in-app Raast-based QR code payment mechanism.
Digital transactions sustained its growth during the fiscal year 2022-23
Annual Payment Systems Review for the fiscal year 2022-23 is released by the State Bank of Pakistan. The review presents growth and trends in banking transactions accompanied by the usage of payment systems’ infrastructure and instruments in the country. Digital transactions continued its growth trajectory owing to the increased consumers’ preference for digital channels of…
MMBL Champions the need to boost financial literacy in Balochistan at the Financial Literacy Gala 2022
Mobilink Microfinance Bank Ltd. (MMBL) – Pakistan’s largest digital Bank, set up a financial literacy camp at the University of Balochistan on Tuesday, May 31, 2022. The camp was organized under the State Bank of Pakistan’s National Financial Literacy Program for Youth. The gala had representatives from MMBL, SBP, RAAST, and other notable banks in…
CDNS to provide Islamic investment opportunities, through Islamic finance
The Central Directorate of National Savings (CDNS) has decided to start Islamic finance and will start implementing its procedural work from next month to provide the facility of Islamic finance in the institution. In this regard, under Islamic Sharia Compliance, Prize Bonds and Savings Certificates will be issued for investment in accordance with Sharia Principles,…