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Pakistan ready to take the lead in Shariah-compliant financing; says SECP Chief – Fintech News Pakistan

Karachi, December 4, 2024 — The Securities and Exchange Commission of Pakistan (SECP) Chairman, Akif Saeed, has emphasized the country’s growing prominence in Shariah-compliant financing, stating that Pakistan’s regulatory compliance in capital markets aligns with global standards. This positions the country as a potential leader in Islamic finance. Addressing a press conference ahead of the…

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ACE Money Transfer: A Global Fintech Recognised by SBP for Remittance Volume to Pakistan – Fintech News Pakistan

ACE Money Transfer, a global leader in the remittance industry, has been recognised by the State Bank of Pakistan (SBP) with a prestigious award for being the Fourth Largest Global Fintech by Remittance Volumes to Pakistan, reaffirming its position as a key driver of Pakistan’s remittance sectors. The award was presented at the 4th Pakistan…

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MCB Bank partners with BPC to strengthen Digital Security with AI-powered SmartVista Fraud Risk Management Solution – Fintech News Pakistan

Karachi, 3rd December 2024 — MCB Bank Limited (MCB), one of Pakistan’s leading banks, has selected BPC, a global leader in payment solutions, to strengthen the security of its digital channels by implementing the BPC SmartVista Fraud Risk Management Solution. The agreement was signed by Mr. Waqas Mahmood, Chief Compliance Officer MCB, and Mr. Furrukh…

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Tencent’s Weixin Palm Scan Payments System Revolutionizes Transactions in China – Fintech News Pakistan

A New Era of Payment TechnologyChina has witnessed a transformative leap in payment systems with the launch of Weixin Palm Payment, a cutting-edge hand-scanning technology developed by Tencent. This innovative solution simplifies daily transactions, allowing commuters to access subways and employees to enter office buildings with a quick palm scan. Introduced in May 2023 and officially launched…

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UBL Gets Board Approval to Merge With Silkbank – Fintech News Pakistan

The Board of Directors of United Bank Limited (UBL) [PSX: UBL], in its 252nd meeting held on Monday, approved the amalgamation of Silkbank Limited (SBL) with and into UBL through a share swap arrangement. The merger, undertaken in accordance with Section 48 of the Banking Companies Ordinance, 1962, aims to streamline operations and enhance value…

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BankIslami Recognizes Mr. Usama Sheikh for Pioneering Achievements in Innovation – Fintech News Pakistan

Last year, Usama Sheikh, a visionary in digital transformation, successfully led the launch of BankIslami’s Foreign Currency (FCY) Debit Card, a groundbreaking product that achieved immense success. He’s reached another significant milestone by launching the Biometric Verification Application for Nadra Verification. This state-of-the-art solution enhances security, streamlines customer verification processes, and reflects the bank’s commitment…

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9th Pakistan Banking Awards 2024: SBP Governor Urges Banks to Embrace Tech And Close Gap to Agriculture, SMEs – Fintech News Pakistan

Karachi, November 29, 2024: The 9th Pakistan Banking Awards ceremony, held at a local hotel in Karachi, brought together senior executives and prominent figures from Pakistan’s banking and finance industry. The event was graced by the Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, who served as the Chief Guest. In his address,…

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U Bank Wins Best Microfinance Bank for Islamic Retail Banking Offerings at the IRBA 2024 – Fintech News Pakistan

Dubai, UAE – December 2, 2024: U Microfinance Bank (U Bank) has been recognized as the Best Microfinance Bank for Islamic Retail Banking Offerings in Pakistan at the prestigious 10th Islamic Retail Banking Awards (IRBA) hosted by Cambridge IFA. The award was received by Mr. Asim Anwar, Chief Business and Digital Officer at U Bank,…

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ZTBL Partners with Wateen to Strengthen Cybersecurity Through Security Operations Centre – Fintech News Pakistan

Islamabad – Zarai Taraqiati Bank Limited (ZTBL) has announced a strategic partnership with Wateen to establish a state-of-the-art Security Operations Centre (SOC). This initiative aims to safeguard ZTBL’s critical digital infrastructure and enhance the security of data belonging to over half a million customers. The agreement was signed on Friday by Tahir Yaqoob Bhatti, President…

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Dr. Amjad Saqib Receives Brain of the Year 2025 Award by The Brain Trust – Fintech News Pakistan

Dr. Muhammad Amjad Saqib Honored with Brain of the Year Award 2025 London, UK — November 28, 2024 Dr. Muhammad Amjad Saqib, the visionary founder of Akhuwat and a renowned Pakistani social entrepreneur, has been awarded the prestigious Brain of the Year Award 2025 by The Brain Trust. The announcement was made during an exclusive…

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