Zindigi, powered by JS Bank, has signed a Memorandum of Understanding (MoU) with the University of the Punjab to digitize the university’s fee payment system using Raast Dynamic QR (DQR), marking a significant step in financial innovation within Pakistan’s public education sector.
With this move, Punjab University becomes the first public sector university in the country to adopt Zindigi’s Raast Dynamic QR system. The initiative will enable approximately 49,000 students to pay their fees digitally, eliminating the need for physical transactions and long queues at banks.
Officials said the integration of Raast DQR aims to ensure instant, secure and seamless payments, improving operational efficiency for both students and university administration.
Speaking at the signing ceremony, Mr. Atif Ishaque, Chief Business Officer at Zindigi, said the introduction of Raast Digital QR at Punjab University would transform how thousands of students conduct financial transactions.
“Payments will now be instant, secure and fully digital, reflecting our commitment to embedding digital finance into everyday institutional operations,” he said.
Prof. Dr. Muhammad Ali, Vice Chancellor of Punjab University, said digitizing the fee payment system demonstrated the university’s commitment to modernization and efficiency.
“Raast Digital QR payments will make transactions seamless, secure and convenient for students and parents, while advancing the university’s role in Pakistan’s digital transformation,” he noted.
The signing ceremony was attended by senior representatives from the State Bank of Pakistan (SBP), the University of the Punjab and Zindigi. Officials from SBP–Banking Services Corporation (Lahore) and university administration were present alongside senior management from Zindigi.
Industry observers say the collaboration reflects growing adoption of Pakistan’s Raast instant payment system across institutional frameworks, supporting the country’s transition toward a digitally integrated economy.
Zindigi has been expanding its footprint across multiple sectors, positioning itself as a key player in advancing digital financial inclusion nationwide.
