payments

Increase digital payments in Pakistan: 88 % of retail transactions have been digitally processed – Trendy Blogger

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Increase digital payments in Pakistan: 88 % of retail transactions have been digitally processed – Trendy Blogger

IslamabadPakistan digital payment channels have processed 88 % of all of all retail transactions by size, as mobile banking applications play a pivotal role. According to the State Bank in Pakistan (SBP), these platforms, including mobile banking applications, the banking services portfolios (BB), and electronic money portfolios, were combined 1.45 billion transactions, with a rupee … Read more

Retamentation payments rise to 154 trillion rupee, as digital transactions in Q2 FY25 are dominated – Trendy Blogger

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Retamentation payments rise to 154 trillion rupee, as digital transactions in Q2 FY25 are dominated – Trendy Blogger

The State Bank in Pakistan (SBP) has released Sponger payment systems review For Q2 FY25, it reveals a significant rise in retail selling payments. Transactions grew by 11 % in size and 12 % in value, up to 154 trillion rupee, driven by increasing the adoption of digital payment channels. Digital payments constituted 88 % … Read more

The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut – Trendy Blogger

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The Reserve Bank of Australia Governor expects to save Rs 1.5 trillion in interest payments after the interest rate cut – Trendy Blogger

State Bank of Pakistan (SBP) Governor Jamil Ahmad announced that a drop in the key interest rate to 13% will save the government Rs1.5 trillion in interest payments during the current fiscal year (FY25). Speaking to a private news channel, the Governor of the State Bank of Pakistan said that this saving will support the … Read more

NPPMCL urges SBP to release foreign currency in exchange for maintenance payments – Trendy Blogger

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NPPMCL urges SBP to release foreign currency in exchange for maintenance payments – Trendy Blogger

National Power Parks Management Company (Private) Limited (NPPMCL), a government-owned independent power producer (IPP), has invited the State Bank of Pakistan (SBP) to approve the transfer of US$4.7 million to General Electric (GE) for… Maintenance work. Of power plants powered by liquefied natural gas (RLNG). According to media reports, the payment delay is due to … Read more

With an 8% increase, the share of digital payments rises to 84% in FY2024 – Trendy Blogger

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With an 8% increase, the share of digital payments rises to 84% in FY2024 – Trendy Blogger

A person pays using his cell phone through the instant electronic payment mode known as PIX, at a store in Rio de Janeiro, Brazil, April 1, 2024. – Reuters State Bank says online banking users are seeing a 25% increase. With an increase of 62%, 1,346 million transactions worth Rs 70 trillion were recorded. Customers … Read more