Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, has welcomed the launch of the HBL, UnionPay International, and PayPak co-badged debit card, describing the initiative as a pivotal step in Pakistan’s journey toward a modern, resilient, and inclusive digital payments ecosystem . Speaking at the launch ceremony, the Governor emphasized that this collaboration strengthens the Prime Minister’s vision of a Cashless Pakistan by combining the reliability of the domestic payment infrastructure with the global acceptance of an international network.
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The Governor noted that the initiative reflects the central bank’s long-term strategy for PayPak, aiming to establish a secure and cost-effective scheme that supports the growing digital economy . He linked this development to the objectives of SBP Vision 2028, which seeks to create a financial system that is more inclusive, digital, and resilient against future shocks .
