A strategic MoU has been signed between Stacks and the Bank of Punjab, marking a key step toward transforming Pakistan’s remittance landscape and advancing its digital financial ecosystem.
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.