The Bank of Punjab Signed MoU with Stacks
Stacks and The Bank of Punjab have signed a strategic Memorandum of Understanding (MoU) in a move aimed at transforming Pakistan’s remittance landscape and supporting the growth of the country’s digital financial ecosystem. The partnership marks a significant step toward enhancing innovation and improving digital financial services in the remittance sector.
Under the agreement, both organizations will work together to explore opportunities for streamlining remittance solutions, expanding financial inclusion, and leveraging technology to improve the efficiency and accessibility of cross-border payments. The collaboration is expected to contribute to the modernization of Pakistan’s financial infrastructure.
Muneeb Ali (Co-founder. Stacks) and Zafar Masud (President & CEO, BOP) formalized the partnership through the MoU signing.
By combining Stacks' technology with BOP's banking expertise, the collaboration aims to deliver faster, secure, and transparent cross-border payments--enhancing accessibility and convenience for overseas Pakistanis
As part of this initiative, we will undertake a pilot transaction to explore the use of stablecoins for remittance, assessing how blockchain-based solutions can improve speed, reduce costs, and increase transparency in cross-border payments.
This partnership reflects a shared commitment to financial inclusion and innovation, contributing to a stronger, more connected, and digitally empowered Pakistan.
Stacks and The Bank of Punjab have signed a strategic Memorandum of Understanding (MoU) in a move aimed at transforming Pakistan’s remittance landscape and supporting the growth of the country’s digital financial ecosystem. The partnership marks a significant step toward enhancing innovation and improving digital financial services in the remittance sector.
Under the agreement, both organizations will work together to explore opportunities for streamlining remittance solutions, expanding financial inclusion, and leveraging technology to improve the efficiency and accessibility of cross-border payments. The collaboration is expected to contribute to the modernization of Pakistan’s financial infrastructure.
Muneeb Ali (Co-founder. Stacks) and Zafar Masud (President & CEO, BOP) formalized the partnership through the MoU signing.
By combining Stacks' technology with BOP's banking expertise, the collaboration aims to deliver faster, secure, and transparent cross-border payments--enhancing accessibility and convenience for overseas Pakistanis
As part of this initiative, we will undertake a pilot transaction to explore the use of stablecoins for remittance, assessing how blockchain-based solutions can improve speed, reduce costs, and increase transparency in cross-border payments.
This partnership reflects a shared commitment to financial inclusion and innovation, contributing to a stronger, more connected, and digitally empowered Pakistan.