Bank of Punjab (BoP) Signs MoU with Stacks for Blockchain-Based Remittances

The Bank of Punjab (BoP) has established a strategic Memorandum of Understanding (MoU) with Stacks. This agreement marks a crucial step toward transforming the remittance landscape in Pakistan. Furthermore, it aims to strengthen the country’s broader digital financial ecosystem. Mr. Muneeb Ali, Co-founder of Stacks, and Mr. Zafar Masud, President & CEO of The Bank of Punjab, officially signed the document. The agreement reflects a shared commitment to innovation, financial inclusion, and the development of highly efficient cross-border payment solutions.

As part of this new initiative, the two organizations will execute a pilot transaction. This pilot will specifically explore the use of stablecoins for remittances. Consequently, the project will assess exactly how blockchain-based solutions can lower transaction costs. Additionally, the pilot is designed to improve processing times and drastically enhance overall transparency in cross-border payments.

Through this partnership, The Bank of Punjab combines its extensive banking expertise and institutional reach with the advanced technological capabilities of Stacks. Together, they will explore new avenues for improving remittance services. Ultimately, the primary focus remains on delivering greater speed, security, transparency, and convenience. Overseas Pakistanis and their families stand as the primary beneficiaries of these upgrades.

Mr. Zafar Masud stated that the collaboration reflects a continued focus on innovation and building a future-ready financial system. By actively exploring emerging technologies alongside innovators like Stacks, the bank intends to unlock new possibilities and create greater value for overseas Pakistanis.

Similarly, Mr. Muneeb Ali highlighted the importance of merging modern blockchain infrastructure with robust banking capabilities. He noted that demonstrating next-generation payment rails can significantly improve cross-border money movement and expand financial access.

Overall, the partnership underscores The Bank of Punjab’s broader vision. The institution seeks to embrace responsible innovation, promote financial inclusion, and support a connected, digitally empowered Pakistan.

Press ReleasesYango Ride’s New ChatGPT Integration Enables in-Chat Trip Planning in Over 25 CountriesBy Zohaib Shah|2 days ago|2 min readYango Ride, the ride-hailing service from global tech company Yango Group, has launched an official app in ChatGPT, enabling users to plan routes and rides.

Press Releasesvivo Pakistan Hosts “Capture the Future 2026” with SOS Children’s Villages PakistanBy Zohaib Shah|21 hours ago|3 min readvivo Pakistan, in collaboration with SOS Children’s Villages Pakistan, has completed the second year of its three-year corporate social responsibility (CSR) initiative, ‘Capture the Future’.

Press ReleasesPTCL Group Back into Profits with Rs. 3.1 Billion Bottom-line in Q1 2026By Sabica Tahira|2 days ago|7 min readPakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its consolidated financial results for the quarter ended March 31,.

Press ReleasesSamsung Unveils Galaxy S26 Ultra With First Built-In Privacy DisplayBy Zohaib Shah|5 days ago|3 min readSamsung Electronics has achieved a landmark shift in the mobile industry with the introduction of the Galaxy S26 series, headlined by the world’s first built-in.