Karachi, January 30, 2024 – Raqami Islamic Digital Bank (RIDB) has achieved a significant milestone by securing a No Objection Certificate (NOC) and In-Principal Approval (IPA) from the State Bank of Pakistan (SBP) to establish an Islamic digital retail bank.
Islamabad, January 22, 2024 – Raqami Islamic Digital Bank has taken a significant leap towards revolutionizing the digital banking landscape by entering an exclusive agreement with Codebase Technologies.
Karachi, January 14, 2024 — Raqami Islamic Digital Bank (RIDB) and Euronet Pakistan Pvt. Ltd. have joined forces in an exclusive partnership aimed at spearheading the digital payments landscape in Pakistan.
Karachi, January 6, 2024 – Recent data released by the State Bank of Pakistan (SBP) indicates a significant shift in Pakistan’s financial landscape, with the country increasingly adopting digital payments and moving away from traditional paper or cash-based transactions.
State Bank of Pakistan
KARACHI: Pakistan’s e-banking registered sharp growth in the first quarter of the fiscal year 2021/2022, the central bank said on Monday. E-banking—defined as transactions conducted via electronic channels (including Real-time Online Branches, ATMs, mobile banking, internet banking, call center banking, POS and e-Commerce), continued to thrive in both volume and value during the quarter under […]
ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for another month i.e. January 31, 2022. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from January 01, 2021. The FBR issued circular No. 11 of 2021-22 on Monday to […]
State Bank of Pakistan
KARACHI: The State Bank of Pakistan (SBP) on Monday introduced a licensing and regulatory framework for digital banks in line with the international best practices. “This is the first step towards introducing a completely digital bank that will provide all the banking services, from account opening to deposit and lending, through digital means and the […]
ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for another month i.e. December 31, 2021. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from December 01, 2021. The FBR issued circular No. 10 of 2021-22 on […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that the digital mode of payment for corporate expenses would disrupt business transactions; because almost all sales in the country are made on credit and this credit is secured through ‘post-dated’ cheques issued by buyers in favor of the sellers. Mian Nasser Hayat […]
ISLAMABAD: The Federal Board of Revenue (FBR) has deferred the implementation of a digital mode of payment for one month. The digital mode of payment has been made mandatory for the corporate sector, which was to be implemented from November 01, 2021. The FBR issued Circular No. 09 of 2021-22 on Monday to allow an […]