LAHORE: The Bank of Punjab has signed a strategic memorandum of un­­derstanding (MoU) with Stacks to transform Pak­istan’s remittance landsc­ape and advance its digital financial ecosystem.

According to a press release, the partnership was formalised on Wed­nesday with an agreement signed by Chief Executive and President Zafar Masud and Stacks co-founder Muneeb Ali.

The announcement said that by combining Stacks’ technology with the BOP’s banking operations, the collaboration aims to deliver faster, safer, and more transparent cross-border payments, enhancing accessibility and convenience for overseas Pakistanis.

As part of the initiative, they 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.

The initiative reflects commitment to financial inclusion and innovation, contributing to a stronger, more connected and digitally empowered Pakis­tan.

Published in Dawn, April 23rd, 2026