Karachi, Pakistan, 19 July 2024: Raqami Islamic Digital Bank Pakistan, a visionary digital financial institution, and Paysys Labs Pvt Ltd, a leading payment technology provider, today announced a strategic partnership to transform Pakistan’s digital payments landscape. The collaboration aims to develop an innovative digital payment solution integrating real-time payment systems such as RAAST. Paysys Labs, […]
In a significant boost to Pakistan’s startup ecosystem, the International Finance Corporation (IFC) has announced a $3 million investment in i2i Ventures, the country’s first female-led venture capital fund. This investment, part of IFC’s Startup Catalyst Program, aims to address the critical funding gap faced by early-stage startups, particularly those led by women, amidst regional […]
Systems Limited, a global system integrator, has announced a strategic partnership with Formpipe, a specialist in customer communication management (CCM). This collaboration aims to provide comprehensive communication and document management solutions to banks and financial institutions worldwide. The partnership marks a significant advancement in the banking implementation landscape, positioning Systems Limited as a one-stop technology […]
Karachi, July 15, 2024 – Microfinance Banks (MFBs) in Pakistan continue to expand their outreach to the low-income segment of the population despite challenging macroeconomic conditions, according to the State Bank of Pakistan (SBP). The SBP’s Financial Stability Review-2023 highlights that MFBs serve more account holders and borrowers than conventional banks, despite their limited size. […]
NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in providing cutting-edge solutions for the asset finance and leasing industry, has announced a significant new agreement with a leading automaker to revolutionize its US dealership operations. The five-year, $16 million contract encompasses the customization, implementation, deployment, and ongoing SaaS subscription of Otoz, NETSOL’s omnichannel digital retail […]
Meezan Bank has announced the launch of Phase 2 of its MEEZANSHIP Program for 2024, a structured internship initiative designed for fresh graduates and postgraduates. This program aims to bridge the gap between academic learning and industry experience, offering young professionals a valuable opportunity to gain practical skills and potentially secure employment with the bank. […]
Karachi, July 13, 2024 – The Pakistan Stock Exchange (PSX) has proudly announced the induction of Meezan Bank as the first market maker for CDS-eligible Government of Pakistan (GoP) Ijarah Sukuk (GIS). This move, aimed at enhancing liquidity in the CDS-eligible government debt securities (GDS) market, involves the quotation of two-way prices and facilitating the […]
Oraan, an innovative financial platform dedicated to building inclusive financial products for Pakistan, has achieved a significant milestone by securing a Non-Banking Financial Company (NBFC) license. This new license empowers Oraan to expand its offerings, notably in the realm of education financing, providing students and their families with more accessible and inclusive financial options. Oraan’s […]
Karachi, Pakistan — HBL, Pakistan’s leading bank, has announced a strategic investment in AFT, an innovative fintech startup. This collaboration aims to accelerate the development of Pakistan’s agricultural and merchant sectors, enhancing financial inclusion and operational efficiency in these vital but underserved areas. AFT, through its Digitt+ platform, offers a multilingual interface that enables farmers […]
In a strategic move to enhance financial accessibility, Al Meezan Investment Management has announced a collaboration with 1LINK for the issuance of PayPak cards. The formal ceremony, marking this significant partnership, saw the presence of key figures from both organizations. Representing Al Meezan Investment Management were Mr. Muhammad Asad, Chief Investment Officer and Acting CEO, […]