ISLAMABAD: Telenor Pakistan launched its next-generation Commission Management System (CMS), aimed at revolutionising how commissions are calculated and disbursed across its retail and franchise network. Powered by SAP and hosted on Google Cloud, the newly deployed CMS is designed to enhance transparency, ensure real-time accuracy, and build stronger relationships with channel partners. The successful implementation […]
In a key development, the Ministry of Finance on Wednesday unveiled a comprehensive strategy to regulate digital assets and accelerate the growth of Pakistan’s virtual asset economy. As part of this initiative, the government has endorsed the establishment of a dedicated body — the Pakistan Digital Assets Authority (PDAA) — to regulate blockchain-based financial infrastructure, […]
UPESI Money Transfer, one of Africa’s leading remittance service providers, has announced the appointment of Mr. Fareed Jillani as Head of Marketing for the Middle East and Europe. This strategic move comes as the company intensifies its efforts to expand its footprint across key international markets. Fareed Jillani is also the CEO of UAE-based Lejion Media, a prominent […]
KARACHI: Standard Chartered has projected that global Islamic finance assets will reach USD7.5 trillion by 2028, up from USD5.5 trillion in 2024, reflecting the expanding relevance of Shariah-compliant finance globally, according to Standard Chartered’s comprehensive report “Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts.” In 2024, the Islamic finance industry surpassed $5 trillion […]
The State Bank of Pakistan (SBP) has officially introduced the Guidelines for its Regulatory Sandbox (RSB), as part of its Vision 2028 initiative. This platform is designed to allow both new and existing entities, including startups, to test their financial solutions within a controlled regulatory framework. The RSB will follow a cohort-based approach, focusing on […]
The Board of Directors of Samba Bank Limited (SBL) has approved the appointment of Rashid Jahangir as acting president and Chief Executive Officer (CEO) of the bank. His appointment will be effective from May 22, 2025, “till the time permanent president & CEO is appointed in due course,” the bank wrote in a notice to […]
KARACHI – In a major stride toward digital transformation, the National Bank of Pakistan (NBP) has successfully completed a significant upgrade of its core banking technology platform. This strategic initiative underscores NBP’s commitment to innovation, operational efficiency, and world-class customer service. The upgraded platform introduces a suite of enhancements, including faster transaction processing, reduced system […]
The State Bank of Pakistan (SBP) has initiated a nationwide “Go Cashless” campaign to promote digital payments and reduce reliance on cash transactions within cattle markets during the upcoming Eid-ul-Adha. This strategic initiative, in line with SBP’s goal of fostering digital financial inclusion throughout Pakistan, was officially launched today, May 20, 2025, and will run […]
Bank Alfalah, one of Pakistan’s largest commercial banks in Pakistan, announces the launch of Eatsy, a first-of-its-kind, end-to-end digital dining payment solution that transforms the restaurant experience for both consumers and merchants. With Eatsy, Bank Alfalah continues to lead the charge in integrating banking technology with everyday dining lifestyle, making the process of reserving, ordering, […]
Vopy, a portfolio company of Swedish investment firm Front Ventures, has secured a verbal order from a major digital bank in Pakistan to provide a freelance payment service. “The order comes from one of the major digital banks that Vopy’s management team visited in Pakistan, where the client wishes to launch the services as soon […]