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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.

Method
Bank Transfer (PK)
LPM Market Share
10%
Payments
Yes
Refunds
Yes - full & partial refunds (manual)
Type
Bank Transfer
Local Card Scheme
Users
25M
Disbursements
Yes
Yes
Chargebacks
$25.00
$25.00
Authorization currency
RKS
Authorization
speed
Instant
Recurring
No
No