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SECP Unveils Guidelines Promoting Ethical Practices and Borrower Protection in Digital Lending – Fintech News Pakistan

New guidelines aim to prioritize borrower protection and curb deceptive marketing tactics in the digital lending sector. In a bid to safeguard borrower interests and promote ethical conduct within the digital lending sector, the Securities and Exchange Commission of Pakistan (SECP) has rolled out comprehensive guidelines for Non-banking financial companies (NBFCs) engaged in digital lending…

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Care Financial Services (CFS), a leading Microfinance Institute and Bedari Forge Alliance to Empower Women and Girls – Fintech News Pakistan

In a move set to redefine the landscape of gender empowerment, Bedari and Care Financial Services (CFS) Pvt. Ltd. have sealed a groundbreaking partnership through a formal Memorandum of Understanding (MoU). Their collective pledge is aimed at propelling economic empowerment and augmenting the capabilities of women and girls, irrespective of disability status. The alliance between…

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Dedicated SaaS Reshaping the Future of Payments – Fintech News Pakistan

As the software landscape continues to evolve, Software as a Service (SaaS) has emerged as a pivotal component, constituting a significant portion of the global software market—accounting for one-third of its entirety. Its influence extends across diverse industries, with payments being no exception. In the realm of finance and technology, burgeoning fintech enterprises are leveraging…

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HBL and P@SHA Unveil Joint Vision to Establish Pakistan as a Premier Tech Destination – Fintech News Pakistan

At the recent LEAP event, recognized as the world’s leading platform for future technologies, Habib Bank Limited (HBL), in collaboration with the Pakistan IT Industry Association (P@SHA), showcased their shared vision of transforming Pakistan into a prominent “Tech Destination.” Acknowledging the pivotal role of technology in driving Pakistan’s economic growth, HBL emphasized its commitment to…

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Majority of Fintech Sectors Experiencing Growth Due to Robust Consumer Demand – Fintech News Pakistan

Overall customer growth: The fintech industry has continued its upward trajectory post-COVID-19, maintaining the growth momentum seen both before and during the pandemic. This growth is evidenced by the increasing number of customers, serving as a reliable indicator of two key trends: enhanced access to digital financial services and heightened consumer interest in fintech offerings….

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PKR 895 Million, Pakistan Microfinance Investment Company (PMIC), Reports Highest Profit since its Inception.

In a recent board meeting, the management team of PMIC received commendations from the Board for their exceptional financial performance despite the prevailing challenging macroeconomic conditions. The company’s resilience in navigating through the economic turmoil highlights its commitment to sustaining financial inclusion and fostering responsible lending practices for sustainable economic growth. PMIC, operating through a…

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