In 2023, HugoBank Limited received in-principle approval (IPA) from the SBP. The State Bank of Pakistan (SBP) has granted pilot operations approval to HugoBank, a Karachi-based digital retail bank. Under this pilot approval, HugoBank will be able to test its products, banking systems, and operational readiness with a limited number of customers in a real-world […]
TouchPoint (Pvt) Ltd has announced that it now supports more than 1,300 Cash Deposit Machines (CDMs) for leading banks across Pakistan, marking a significant milestone in the country’s self-service banking ecosystem. The achievement is powered by Qmatch, TouchPoint’s digital self-service banking platform, which enables secure cash deposit transactions, real-time processing, and centralized management of self-service […]
DIB Pakistan and Systems Limited announced the signing of a Core Banking System (CBS) implementation agreement. Under this agreement, DIB Pakistan will migrate its core banking system from Oracle Flexcube to the Temenos’ Transact cloud- native platform, with Systems Limited leading the implementation as a certified Temenos partner and trusted banking transformation specialist. The CBS […]
Pakistan’s financial services industry is undergoing a profound transformation. Customers increasingly expect banking to be digital, accessible and embedded into their everyday lives, while regulators continue encouraging innovation and greater financial inclusion. Meeting these expectations requires more than technology alone, it requires institutions with the financial strength to invest, scale and innovate responsibly. That is […]
With Assetback, the Bitget Wallet Card now returns rewards as Bitcoin, gold, or tokenized stocks, turning everyday spending into portfolio-building. San Salvador, El Salvador, July 30, 2026 — Bitget Wallet, a self-custodial crypto wallet for everyday finance, has introduced Assetback, an asset cashback program turning the Bitget Wallet Card into a card that builds an […]
Abhi Microfinance Bank, the digital lender majority-owned by Pakistani fintech company Abhi, is preparing to launch an initial public offering (IPO) later this month, aiming to raise between Rs2 billion and Rs3 billion as it seeks to strengthen its capital base and support future growth. The bank plans to offer approximately 14% of its shares […]
Bank Alfalah, one of Pakistan’s largest banks in Pakistan, has partnered with Ahya Technologies (“Ahya”), to deliver a suite of AI-powered software and strategic advisory services geared to accelerate Bank Alfalah’s green-banking and sustainable finance transition. As the demand for sustainable finance across Pakistan reaches a critical inflection point, the OICCI reports that the country […]
United Bank Limited (UBL) (PSX: UBL) reported a consolidated profit after tax (PAT) of Rs. 85.9 billion for the first half of 2026 (H1 2026), reflecting a 33% year-on-year (YoY) increase, supported by record deposit growth and strong non-interest income. The bank posted earnings per share (EPS) of Rs. 34.30 during the six-month period. For […]
Lahore, Pakistan | July 22, 2026 Fintech News Media, People First (Private) Limited, and KOT Enterprises have officially signed a Strategic Joint Venture Agreement (MoU), marking the beginning of a collaborative partnership focused on advancing Pakistan’s fintech ecosystem through innovation, technology, media, business development, and knowledge-sharing initiatives. The partnership brings together three independent organizations, each […]
Businesses operating across Pakistan, Saudi Arabia and the UAE know the frustration better than anyone. You land a client in Europe or the United States, you deliver the work, and then the payment process begins. Your Wise account gets flagged. Your Payoneer withdrawal is delayed or blocked entirely. You wait five days for a SWIFT […]