Karachi, November 19, 2024 – E-Processing Systems Pvt. Ltd. (EPS) has achieved a major milestone by securing a commercial license from the State Bank of Pakistan (SBP) for its digital platform, OneZapp, to operate as an Electronic Money Institution (EMI). This breakthrough positions EPS to address financial exclusion and accelerate the adoption of digital payment […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched the Islamic Capital Market Development Committee (ICMDC) to foster growth, innovation, and resilience in Pakistan’s Islamic capital markets. The inaugural meeting of the committee, chaired by Dr. Irum Saba, Associate Professor at IBA Karachi, brought together industry experts, Shariah scholars, market stakeholders, and representatives […]
Karachi, Pakistan — National Bank of Pakistan (NBP) has taken a pioneering step as the first conventional bank to introduce a co-badged debit card, blending the features and benefits of both PayPak and Mastercard networks. The official signing ceremony for the NBP PayPak Mastercard Debit Card Project was held recently, presided over by Mr. Rehmat […]
Bitcoin surged to a new all-time high of $89,640 early Tuesday, edging closer to the highly anticipated $90,000 mark as investors ramp up bets on Donald Trump’s return to the White House after his decisive victory in last week’s U.S. presidential election. The cryptocurrency market has rallied strongly, with Bitcoin gaining approximately $8,600—an 11% increase—in […]
NymCard, a global Banking-as-a-Service (BaaS) provider, has announced a strategic partnership with Digitt Plus, one of Pakistan’s premier Electronic Money Institutions (EMI). This collaboration aims to reshape the digital finance landscape in Pakistan by providing fintechs with an integrated, streamlined platform for launching wallet and card programs. As Pakistan’s digital ecosystem continues to evolve, this […]
Singapore – Bitcoin reached a record high above $81,000 on Monday amid a growing belief that cryptocurrencies could thrive under a favorable regulatory environment in the United States following Donald Trump’s recent election as President, along with the success of pro-crypto candidates in Congress. The world’s largest and most popular cryptocurrency has more than doubled […]
London – Bitcoin surged to a new all-time high on Sunday, topping $80,000 as traders speculated that Donald Trump’s potential return to the White House could boost the digital currency’s prospects. The cryptocurrency’s rapid climb reflects investor confidence in the former president’s pro-crypto stance, with many expecting his policies to foster growth in the sector. […]
Islamabad, Pakistan – The National Incubation Center (NIC) Islamabad, Pakistan’s leading technology business incubator, hosted its annual NIC Connect 2024 Media Day on Thursday, spotlighting local startups that are innovating to meet Pakistan’s unique challenges and positioning themselves to compete globally. The event served as a platform for 24 pioneering startups to showcase their cutting-edge […]
November 6, 2024 – Tencent has announced a strategic partnership with Visa to bring its palm recognition technology to international markets, with an initial rollout in Singapore. The service, called “Pay by Palm,” enables Visa cardholders from participating banks—including DBS, OCBC, and UOB—to make secure, contactless payments by scanning their palms. The pilot launch was unveiled at the Singapore Fintech Festival […]
Karachi, November 6, 2024 – The State Bank of Pakistan (SBP) has granted in-principle approvals to Toko Lab Private Limited and Accept Technologies Private Limited (operating as PayMob) to operate as an Electronic Money Institution (EMI) and Payment System Operator (PSO)/Payment Service Provider (PSP), respectively. These entities are now expected to establish their operational infrastructure […]