United Bank Limited posted its highest-ever quarterly profit in the first quarter of 2026, reporting a consolidated profit after tax of Rs. 48.42 billion, while earnings per share rose to Rs. 19.33, according to the bank’s financial results and research snapshot shared by Arif Habib Limited. The latest quarterly result marks a 34 percent increase […]
The Securities and Exchange Commission of Pakistan (SECP) has granted a Non-Banking Finance Company (NBFC) license to Coco Tech Pakistan, a subsidiary linked to Alibaba Group, enabling it to roll out Buy Now, Pay Later (BNPL) services in the country. The development marks Alibaba’s formal entry into Pakistan’s regulated fintech and e-commerce-linked financial services sector. […]
The Bank of Punjab (BOP) has announced that its Board of Directors has approved a one-year extension in the employment contract of its President and Chief Executive Officer, Zafar Masud. The decision was taken during the bank’s 330th emergent Board meeting held on April 13, 2026, according to a notice submitted to the Pakistan Stock […]
Dubai – e& money, the fintech arm of e&, launched a new digital gold investment offering in partnership with SafeGold, enabling customers in the UAE to buy and sell 24-karat (24K) gold with the highest purity of 99.99 per cent directly through the e& money app. Customers can start investing with as little as AED 10 and consistently build […]
Appoints Two Deputy CEOs to Lead Treasury and Investment, and Digital Transformation and Operations Kuwait: In a strategic move aimed at strengthening its journey towards leadership, innovation and sustainable growth, Warba Bank announced a management restructuring at its executive level to align with its vision to deliver integrated banking solutions in compliance with Sharia principles, while […]
Abu Dhabi: As part of its strategy to strengthen the infrastructure of the UAE’s capital markets, the Central Bank of the UAE (CBUAE) has announced the appointment of VERMEG, a global provider of mission-critical technology solutions for Market Infrastructures, Collateral Management, and Asset Servicing, as the lead technology partner of a consortium supporting the establishment […]
Abu Dhabi: Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), announced the latest results of Aani, the UAE’s national instant payments platform, which has delivered a transformational leap in the infrastructure of the national payment systems and marked exceptional progress in the UAE’s digital transformation landscape, reinforcing its position as one […]
ISLAMABAD: Murtaza Ali, Chief Ex-ecutive Officer of JazzCash, Pakistan’s leading digital financial services platform and part of VEON Ltd, has been appointed to the Global Jury of The Money Awards by Money20/20, where he will evaluate entries in the banking category. The Money Awards by Money20/20 are one of fintech’s most credible recognition programmes globally, […]
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment. Effective immediately, the initiatives are designed to ease short-term […]
U Microfinance Bank (U Bank), a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL)-e& Group, has successfully gone live with the Temenos core banking platform, along with payments, digital channels, financial crime, and data platforms, on RedHat Openshift, in collaboration with Systems Limited. The unified platform establishes a modern, real-time, and scalable banking ecosystem […]