Digital Transactions Reach 84% of Overall Retail Payments: SBP – Fintech News Pakistan
The State Bank of Pakistan (SBP) has released its annual report for Fiscal Year 2023-24,…
Digital Transactions Reach 84% of Overall Retail Payments: SBP – Fintech News Pakistan
The State Bank of Pakistan (SBP) has released its annual report for Fiscal Year 2023-24, showcasing significant advancements in the country’s national payment ecosystem, with a notable shift towards digital payments. According to the report, retail payments saw extraordinary growth during FY24, with the volume of transactions rising from 4.7 billion to 6.4 billion, representing…
SBP Directs Banks to Enhance Security and Surveillance in Branches and ATMs – Fintech News Pakistan
In a bid to strengthen security measures, the State Bank of Pakistan (SBP) has issued new directives to all commercial and microfinance banks, urging them to upgrade their security and surveillance operations within and around branch premises and ATMs. The central bank’s move is part of efforts to enhance public safety and assist law enforcement…
Mehvish Muneera Appointed as Head of Legal and Designated Company Secretary at Habib Metropolitan Bank – Fintech News Pakistan
Mehvish Muneera Ismail has joined as Head of Legal and Designated Company Secretary – Executive Vice President- at Habib Metropolitan Bank Ltd.! We’re excited to share that Mehvish Muneera has taken the helm as Head of Legal & Designated Company Secretary – Executive Vice President- at HabibMetro. Recipient of Pakistan’s 1st Women in Law Awards…
HBL wins ‘Best Conventional Bank of the Year Excellence Award’ – Fintech News Pakistan
HBL Awarded ‘Best Conventional Bank of the Year’ at FPCCI Excellence Awards Islamabad, 8 October 2024 – HBL, Pakistan’s first commercial bank, has been honored with the prestigious accolade of ‘Best Conventional Bank of the Year’ at the 12th FPCCI Excellence Awards. The award was presented by the President of Pakistan, Mr. Asif Ali Zardari,…
Stripe to deepen Partnership with NVIDIA for AI advances – Fintech News Pakistan
Stripe and NVIDIA Deepen Collaboration to Advance AI and Enhance Fraud Detection San Francisco, October 9, 2024 — Stripe, a leading financial infrastructure platform, today announced an expanded partnership with NVIDIA, aimed at advancing AI technology to benefit Stripe’s customers and improve fraud detection. The collaboration will also broaden global access to NVIDIA’s cutting-edge GPUs and AI software,…
State Bank of Pakistan (SBP) Increases Regulatory Retail Portfolio Limit to Rs. 300 Million – Fintech News Pakistan
In a significant move aimed at enhancing credit access, the State Bank of Pakistan (SBP) has raised the regulatory retail portfolio limit from Rs. 180 million to Rs. 300 million. This change, effective immediately, comes as part of the SBP’s broader efforts to support financial sector stability and growth. The enhancement is part of the…
SBP Increases SME Financing Limits Up to Rs. 500 Million – Fintech News Pakistan
The State Bank of Pakistan (SBP) has significantly enhanced the financing limits for Small and Medium Enterprises (SMEs), enabling them to avail loans of up to Rs. 500 million. This initiative is part of the central bank’s ongoing efforts to bolster the SME sector, which plays a vital role in Pakistan’s economic growth. According to…
UBL Partners with Systems Limited to Launch Temenos Digital Frontend (DFE) Platform for Banking Excellence – Fintech News Pakistan
UBL Partners with Systems Limited and Temenos to Launch Digital Frontend Platform, Ushering in a New Era of Banking Excellence Karachi – United Bank Limited (UBL) has taken a major step forward in its digital transformation journey through a strategic partnership with Systems Limited and Temenos, successfully launching the state-of-the-art Temenos Digital Frontend (DFE) platform….
PERVAAZ DIGITAL CAMPAIGN EDUCATES PAKISTANI YOUTH ON SAFER MIGRATIONS PRACTICES
Islamabad, 26 September 2024: The digital media campaign to educate youth against irregular migration practices, Pervaaz, has received accolades from the European Union and the European Research Institute (ERI) for its remarkable successes achieved in Pakistan. Under the SAFER project and co-funded by the European Union, the digital campaign is implemented through its local partner,…
Farmdar Secures Pre-Series A Funding Led by Silicon Valley’s Moment Ventures – Fintech News Pakistan
Palo Alto, California – October 4, 2024Farmdar, an agritech startup leveraging AI and space technologies to optimize agricultural productivity, has successfully raised a pre-Series A funding round led by Silicon Valley-based venture capital firm, Moment Ventures. The round also saw participation from existing investor Indus Valley Capital. This marks the first Silicon Valley-led investment in…
