In a strategic move aimed at enhancing the digital payment landscape in Pakistan, Adamjee Life and PayFast have joined forces. This collaboration underscores PayFast’s commitment to transforming the way payments are conducted, with the added advantage of leveraging Adamjee Life’s extensive reach across the nation. The partnership between Adamjee Life, a prominent insurance provider in […]
Date: April 29, 2024 – Riyadh, KSA In a resounding triumph, Kistpay, a pioneering force in digital and financial inclusion solutions, has clinched the top honor at the platform Pitch Competition during the esteemed Islamic Development Bank (IsDB) Group Annual Meetings 2024. Representing Pakistan with distinction, Kistpay emerged as the champion amidst representatives from 57 […]
In a significant move towards the advancement of Islamic FinTech, MYTM, a leading FinTech company, and AlHuda Centre of Islamic Banking and Economics (CIBE) have officially entered a strategic partnership, as announced today during a momentous signing ceremony. The ceremony, graced by key industry figures including Dr. Sohail Zafar Cheema, Chairman of MYTM and former […]
Breaking News: Zindigi Partners with Sindh Government and Mastercard to Revolutionize Transit System in Karachi In a groundbreaking move aimed at transforming urban mobility in Karachi, Zindigi, powered by JS Bank in collaboration with the Sindh Government and Mastercard, has launched Pakistan’s first open-loop transit solution. This innovative initiative redefines travel experiences for citizens and […]
In the rapidly evolving landscape of financial technology (fintech), the integration of artificial intelligence (AI) has emerged as a key driver of innovation and transformation. Among the various AI technologies, generative AI stands out as a pivotal enabler, revolutionizing how fintech companies operate and deliver services. Generative AI, capable of producing new content or data […]
HBL Announces Rs. 6 Billion Equity Investment in HBL Microfinance Bank Ltd Habib Bank Ltd (HBL) has recently disclosed its decision to inject up to Rs. 6 billion in equity into its subsidiary, HBL Microfinance Bank Ltd (HBL MfB), as confirmed in a notification to the Pakistan Stock Exchange (PSX) on Tuesday. Established in 2002, […]
Strategic Partnership Aims to Boost Financial Inclusion and Productivity for Smallholder Farmers In a bid to transform the landscape of agricultural finance, Digitt+, a leading electronic money institution specializing in agricultural financial solutions, has teamed up with Kissan Sahara, an innovative Agri Tech startup. The collaboration, unveiled today, marks a strategic alliance aimed at enhancing […]
Islamabad, Pakistan – May 2, 2024 In a landmark development aimed at fostering innovation and entrepreneurship in Pakistan, the National Science & Technology Park (NSTP) at the National University of Sciences and Technology (NUST) has forged a strategic collaboration with U Microfinance Bank (U Bank). This partnership aims to leverage NSTP’s flagship programmes, including the […]
Fils, the fast growing, UAE-based enterprise-grade digital infrastructure provider enabling companies to embed sustainability and climate action into their business models, today expands its offerings to Pakistan with a strategic partnership with TPS, a leading digital banking and payments solution provider powering banks, digital banks, fintechs, payment processors, merchants, and telecoms around the world. The collaboration […]
Soneri Bank Limited (PSX: SNBL) Reports 18.2% YoY Rise in Quarterly Profit Soneri Bank Limited (SNBL) has released its financial statement for the quarter ending March 31, 2024, indicating a notable upturn in profits. The bank disclosed a profit of Rs1.76 billion, reflecting an impressive 18.2% Year-over-Year (YoY) increase compared to the same period last […]