Islamabad, June 3, 2024 — The National University of Sciences & Technology (NUST) has announced a strategic partnership with Zayn Capital VC , appointing them as the Resident Venture Capitalist at Pakistan’s inaugural Science and Technology Park. This collaboration is set to foster innovation, support startups, and catalyze technological and economic growth in the region. […]
In a significant move towards enhancing digital financial services, Askari Bank (AKBL), 1LINK, and Kuickpay have signed a tripartite agreement to streamline the bulk onboarding of billers. The partnership leverages the capabilities of Kuickpay and the 1BILL aggregation platform to provide seamless integration and improved service delivery. The signing ceremony, held at the Askari Digital […]
A Revolutionary Transformation of Interoperable Payments Karachi, May 29, 2024 – In a groundbreaking move to revolutionize Pakistan’s digital payment landscape, 1LINK, in partnership with Raast, an initiative by the State Bank of Pakistan (SBP), and 13 merchant aggregators, has launched the 1GO Raast Person to Merchant (P2M) service. This significant event took place at […]
Turkish Fintech Unicorn Papara Acquires Pakistan-based EMI SadaPay In a significant move to expand its footprint in South Asia, Turkish fintech unicorn Papara has successfully acquired Pakistan-based Electronic Money Institution (EMI) SadaPay. The acquisition, involving a 100% purchase of SadaPay, marks one of the most notable fintech investments in Pakistan in recent years. Founded by […]
Digitt+ Partners with RIZQ by ROZEE to Revolutionize Financial Services in Pakistan In a significant stride for financial technology, Digitt+, an Electronic Money Institute licensed under the State Bank of Pakistan, has announced its Banking as a Service (BaaS) partnership with RIZQ by ROZEE. RIZQ is a premier fintech specializing in financial wellness for professionals. […]
The Islamic Banking Industry (IBI) in Pakistan has achieved a significant milestone, with its total assets reaching Rs. 9 trillion, according to the latest Islamic Banking Bulletin released by the State Bank of Pakistan (SBP). The report highlights a year of remarkable growth and expansion across the sector. As of December 2023, the assets of […]
C Square, a leading provider of cloud-based customer experience solutions, today announced a strategic partnership with ABHI, a pioneering fintech company at the forefront of the embedded finance revolution. This collaboration aims to transform customer interactions within the fintech sector by deploying the Genesys Cloud contact center solution. Heritage of Excellence Meets Fintech Innovation C […]
In a transformative move for Pakistan’s oil and gas sector, GOREX Pakistan and OMAP have signed a landmark agreement aimed at introducing groundbreaking technology. Mr. Asim Jamil, Chairman of GOREX Pakistan, and Mr. Tariq Wazir Ali, Chairman of OMAP, formalized the collaboration to usher in a new era of digitalization within the industry, leveraging the […]
Karachi: The State Bank of Pakistan (SBP) is set to revolutionize the traditional cattle markets during Eid-ul-Azha by introducing digital payment methods. This initiative aims to reduce cash transactions and promote financial inclusion in a market valued at an estimated Rs550-600 billion during the festival. The SBP has partnered with 25 banks to facilitate QR […]
In a strategic move to bolster its credit enquiry capabilities, Raqami Islamic Digital Bank has signed a basic agreement with Tasdeeq. This partnership is set to leverage Tasdeeq’s extensive database and alternative credit data sources, including power, gas, and water usage, to deliver significant value to the banking industry, particularly digital banks. Tasdeeq’s innovative approach […]