The memorandum of understanding between the Bank of Punjab (BOP) and Stacks was signed by BOP President Zafar Masud and Stacks co-founder Muneeb Ali. This partnership is part of a broader trend in Pakistan's financial sector, which is increasingly adopting digital solutions to improve remittance processes. The initiative aims to leverage blockchain technology to reduce transaction costs and processing times, aligning with the country's goals of financial inclusion and modernization.
BUSINESSPublished 24 Apr 2026 • Published 3h ago
DIB Pakistan and Pocket Money Launch USD Remittances Partnership
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On April 24, 2026, the Bank of Punjab announced a partnership with Stacks to innovate digital remittances through blockchain technology, including a stablecoin pilot. This collaboration aims to enhance the speed, cost, and transparency of international money transfers, reflecting a significant shift towards modernizing Pakistan's financial ecosystem.
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