New global fintech platform to begin operations from Pakistan, with plans to expand across emerging fintech markets worldwide LAHORE, PAKISTAN — August 13 2026: A group of fintech and industry professionals has signed an agreement to launch Nexus Fintech Forum, a global fintech industry platform that will begin its operations in Pakistan before expanding gradually […]
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 […]
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 […]
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 […]
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 […]
Karachi – 17 July 2026: Mashreq Pakistan, part of Mashreq, one of the leading financial institutions in the MENA region, has announced the appointment of Muhammad Umar Ilyas as Chief Information Officer, reinforcing the bank’s continued investment in technology, innovation and digital banking capabilities in Pakistan. Muhammad Umar Ilyas brings more than 22 years of […]
Pakistan, Karachi – 15 July 2026: HBL, Pakistan’s largest issuer of debit cards, launched the HBL PayPak UnionPay Co-Badge Debit Card at a ceremony held at HBL Tower, Karachi. Developed in partnership with 1Link operated PayPak, Pakistan’s first domestic payment scheme and UnionPay International (UPI), the co-badge debit card combines PayPak’s domestic acceptance with UnionPay’s […]
Senior leadership of Mastercard and The Bank of Punjab (BOP) met in Karachi to reaffirm and expand their strategic alliance aimed at supporting Pakistan’s transition towards a cashless, digitally connected and financially inclusive economy. Ms. Ailish Campbell, Executive Vice President – Public Sector, headed the Mastercard delegation, which also comprised Mr. Arslan Khan, Country Manager […]
Karachi, Pakistan: Meezan Bank has surpassed Rs2 billion in disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA), marking a significant milestone in its support for expanding access to home ownership. The Bank also recorded its highest-ever monthly housing finance disbursement of Rs1.3 billion, […]