Karachi, Pakistan – November 2024 – Systems Limited, a global system integrator and services provider, proudly announces a landmark agreement with the State Bank of Pakistan (SBP) to upgrade and modernize its Core banking platform to the latest Temenos core banking software and implementation of best-in-class Temenos Payment Hub to modernize the Payment Infrastructure of the Central Bank. […]
The federal government has revised the profit rates on National Savings Schemes (NSS), with significant cuts of up to 250 basis points, effective December 10, 2024. According to data released by Arif Habib Limited (AHL), the profit rate for the Regular Income Certificate (RIC) has been reduced by 10 basis points, bringing it to 12.00%. […]
Pakistan Mercantile Exchange Limited (PMEX) has appointed Mr. Khurram Zafar as the Chief Executive Officer, who has already taken charge. Mr. Khurram Zafar joins PMEX with a robust background in business, technology, and capital market leadership in Pakistan, Europe, and the United States. Prior to his appointment at PMEX, Khurram led a Pakistan focused venture […]
Paysys Labs, a trailblazer in payment technology, has announced a strategic partnership with NymCard, a leading card payment solutions provider. This collaboration is set to drive the growth of credit card services and simplify payment processes for fintechs and financial institutions. Through this partnership, Paysys Labs and NymCard aim to leverage their combined expertise in […]
Bitcoin crossed the $100,000 threshold for the first time on Thursday, marking a significant milestone in its journey from a niche libertarian experiment to a mainstream financial asset. The historic rally reflects growing investor confidence in cryptocurrencies amid expectations of a crypto-friendly U.S. administration. The total market value of cryptocurrencies has nearly doubled in 2024, […]
Leading banks in Pakistan are rapidly adopting CADEPO, an advanced Cash and Cheque Deposit Solution by TouchPoint, to optimize branch operations and enhance customer satisfaction. Powered by QMatch Solutions, it is transforming traditional banking by enabling seamless, 24/7 self-service cash and cheque deposit capabilities. 1 billion PKR Deposit Milestone Achievement In a remarkable achievement, CADEPO […]
Karachi, 3rd December 2024 — MCB Bank Limited (MCB), one of Pakistan’s leading banks, has selected BPC, a global leader in payment solutions, to strengthen the security of its digital channels by implementing the BPC SmartVista Fraud Risk Management Solution. The agreement was signed by Mr. Waqas Mahmood, Chief Compliance Officer MCB, and Mr. Furrukh […]
Meezan Bank, Pakistan’s leading and first Islamic banking institution, has partnered with Systems Limited and Temenos to modernize its Core Banking Platform. This significant upgrade to the latest Temenos release was formalized at the “Bank of the Future Forum 2024,” a flagship event attended by prominent leaders, including Irfan Siddiqui, Founding President & CEO of Meezan Bank; Syed […]
Islamabad, Pakistan – OPay International PTE. LTD. (OPay), a leading global fintech platform, has successfully acquired Finja Private Limited, a licensed Electronic Money Institution (EMI) in Pakistan, from its parent company, Finja, Inc. (Delaware). This landmark acquisition signals OPay’s entry into the dynamic Pakistani fintech market, reflecting its commitment to driving financial inclusion and innovation […]
NetSol Technologies Limited has announced plans to buy back 10 million ordinary shares, the company revealed in a notice to the Pakistan Stock Exchange (PSX) on Monday. The decision was approved during a Board of Directors (BoD) meeting held on November 25, 2024, and will be subject to shareholder approval via a special resolution. The […]