Pakistan

Local banks in Pakistan, such as Habib Bank Limited (HBL), United Bank Limited (UBL), Faisal bank, Alfalah, and Meezan Bank play a crucial role in enhancing the digital payment ecosystem. Their contributions are multifaceted, focusing on innovation, security, and customer engagement.

Introduced in 2012 by Mobilink (now Jazz), JazzCash offers mobile wallets, online payments, and branchless banking services. It enables users to perform transactions like money transfers, bill payments, and mobile recharges. JazzCash has integrated with international platforms such as Payoneer, benefiting freelancers and businesses engaged in cross-border transactions.

Launched in 2009 by Telenor Microfinance Bank, Easypaisa was Pakistan's first mobile financial service app. It provides services such as money transfers, bill payments, mobile top-ups, and savings plans, accessible through a user-friendly mobile application. Easypaisa has a vast agent network, facilitating financial inclusion across the country.

Launched by Ufone, UPaisa provides mobile financial services such as money transfers, bill payments, and mobile top-ups. It leverages Ufone's telecom infrastructure to offer accessible financial services to its users.

Developed by JS Bank, Zindagi is a digital wallet offering services like money transfers, bill payments, and QR code-based payments. It focuses on providing a comprehensive digital banking experience to its users.

The first E-Money Institution in Pakistan NayaPay provides a digital wallet that allows users to send and receive money, pay bills, and make online purchases using a Visa debit card. It focuses on seamless user experiences and financial inclusion, offering services like peer-to-peer transfers and merchant payments.