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FINTECHState Bank reports 58% rise in retail payment volume
The State Bank of Pakistan's annual Payment Systems Review shows retail payment volumes rose 58% in financial year 2025-26, with digital channels handling 92% of transactions.
FINTECHDigital payments reach 92pc of Pakistan's retail transactions, SBP says
The State Bank of Pakistan's annual payments report says digital channels carried 13.2 billion transactions in FY26, 92 per cent of all retail payments, as mobile banking and card infrastructure expanded.
FINTECHState Bank of Pakistan to launch image-based cheque clearing in October 2026
The State Bank of Pakistan's Pakistan Express Clearing System will clear cheques using digital images instead of physical instruments, starting as a pilot on 15 October 2026.
MARKETSFed rate increase affects stablecoin issuers and Bitcoin borrowers differently
The Fed's quarter of a percentage point increase reaches crypto businesses through different contracts. Stablecoin issuers may earn more on short-term reserves, while some Bitcoin borrowers face higher interest bills.
POLICY & REGULATIONSBP flags insurance and warehousing gaps in farm lending
State Bank of Pakistan Deputy Governor Salimullah says inadequate insurance, missing accredited warehouses and limited access to finance are the main barriers to agricultural lending in Pakistan.
POLICY & REGULATIONSBP opens applications for second regulatory sandbox cohort
The State Bank of Pakistan is inviting applications for the second cohort of its Regulatory Sandbox, covering AI in finance, payments, inward remittances and an open theme. Proposals are due by 30 November 2026.
POLICY & REGULATIONSECP proposes raising microfinance and housing loan limits to Rs5m
The Securities and Exchange Commission of Pakistan has opened consultation on amendments that would raise the maximum microfinance and housing loan limit to Rs5 million and widen income and turnover thresholds.
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TPS Worldwide wins gold at P@SHA ICT Awards for tokenisation platform
The payments technology firm was recognised for IRIS Tokenization Connect, which it says connects card issuers to Visa and Mastercard tokenisation services.
NEWSCoinbase adds fixed-rate bitcoin-backed USDC loans
The Nasdaq-listed exchange now lets users lock in an interest rate and repayment date when borrowing USDC against bitcoin, settled onchain through the Morpho Midnight protocol.
