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2 clusters · 2 sources · 21 days · First seen · Last updated

BankIslami digital banking expansion in Pakistan

Overview

BankIslami has introduced several digital banking initiatives in Pakistan to support the State Bank of Pakistan’s ‘Go-Cashless’ agenda.

In August 2026, the bank’s digital platform, aik, partnered with AA Enterprises (operator of Shalimar Express) to digitize railway ticketing and cargo payments. The project aims to reduce cash dependency across 40 passenger terminals and cargo hubs using Raast QR payment solutions and audio Soundboxes for real-time transaction confirmation.

In September 2026, BankIslami expanded its digital offerings with the launch of aikTijarat, a Shariah-compliant merchant and business application. The platform enables small traders and shopkeepers to open business accounts via digital onboarding and manage transactions, utility payments, and supplier settlements through smartphone-based QR code technology.

Entities

BankIslami · State Bank of Pakistan · Ashfaque Ahmed · aik by BankIslami · AIK

Timeline

  1. 12 days ago

    [BUSINESS] 2 sources
    BankIslami launches aikTijarat merchant app in Pakistan

    BankIslami launched aikTijarat, Pakistan’s first Shariah-compliant merchant app, offering digital business account opening and QR-based payment solutions to support a cashless economy.

  2. about 1 month ago

    [BUSINESS] 2 sources
    BankIslami partners with Shalimar Express to digitize Pakistan railway payments

    aik by BankIslami has partnered with Shalimar Express to digitize railway ticketing and cargo payments across 40 terminals in Pakistan, supporting a national cashless initiative.

Sources

en.dailypakistan.com.pk · startuppakistan.com.pk