Pakistan’s financial landscape is currently entering a phase of monumental transition, driven by the ever-increasing momentum of digital transformation. Money is being redefined in the modern-day across Pakistan, from city centers to the remote corners of the country. The once interminable barriers of traditional banking—which saw bank penetration of only 23% among adults with formal […]
In Pakistan, the importance of successfully managing personal finances cannot be overemphasized. When faced with fluctuating economic conditions and inflation impacting purchasing power, it is crucial to have a good financial plan. This guide will introduce you to the basics of personal finance management including budgeting, saving, investing and dealing with debts. Understanding Your Income […]
A recent report by Karandaaz Pakistan, titled “Transforming Pakistan’s Payment Landscape,” highlights the transformative potential of digital payment adoption in the country. According to the report, nationwide adoption of digital payments could enhance Pakistan’s GDP by 7% by 2025, create 4 million jobs, and add $263 billion in deposits to the formal banking sector. Cost […]
Invest2Innovate (i2i) has officially launched the Pakistan Startup Ecosystem Report 2024 (PSER 2024), marking the fourth edition of its flagship initiative. The report was unveiled during a high-profile event held at a local hotel, which brought together prominent leaders from Pakistan’s entrepreneurial ecosystem, including investors, policymakers, and other key stakeholders. The report arrives at a […]
In the early 2000s, the tech industry often repeated the phrase, “Every company will be a tech company.” This prediction largely materialized as businesses across sectors adopted technology to stay relevant in a rapidly digitizing world. Now, as we navigate the complexities of a more interconnected digital economy, a new mantra is taking hold: “Every […]
CAIRO: Fintech experts believe Saudi Arabia is positioned to lead the regional landscape in decentralized finance, and also solve some challenges on the horizon. With active support from the Saudi Central Bank, also known as SAMA, and initiatives like Vision 2030, the Kingdom is creating an ideal environment for solutions to so-called DeFi to flourish. […]
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 […]