SBP will pilot electronic cheque clearing from October 15 under PECS, with all banks required to go live by April 30, 2027.

Cash, the shared card-processing network, began a sudden system migration, suspending cards, ATMs, point-of-sale (POS) terminals, and several other digital services.The disruption began on Sunday and ...

KARACHI: The State Bank of Pakistan (SBP) has introduced the Pakistan Express Clearing System (PECS), a modern cheque-clearing mechanism that will replace the exchange of physical cheques with ...

The State Bank of Pakistan (SBP) has decided to introduce the Pakistan Express Clearing System (PECS), under which cheques ...

SBP announced the launch of the Pakistan Express Clearing System (PECS) to improve the efficiency of cheque clearing and ...

The State Bank of Pakistan (SBP) will launch the Pakistan Express Clearing System (PECS) from October 15, 2026 to speed up ...

Pakistan Express Clearing System will replace physical movement of cheques with image-based clearing; pilot starts October 15 ...

SBP issues rules, procedures, and operational instructions for PECS.Cheques to be cleared using captured images under new ...

SBP) will begin clearing cheques through electronic images instead of physical paper on a pilot basis from October 15.

Wildfires delay delivery of some Canada child benefit cheques, but direct deposit payments remain on schedule for eligible ...

WASHINGTON: US President Donald Trump announced late on Friday (local time) that he will distribute nearly $100 to 20 million senior citizens nationwide, ...