Karachi, [Date] — Bank Alfalah, a leading commercial bank in Pakistan, has reinforced its long-standing partnership with the Benazir Income Support Programme (BISP), having been a dedicated collaborator in the digital social cash transfer initiative since 2011. This year, Bank Alfalah, in collaboration with other partner banks, has been awarded the contract to serve 7 […]
ISLAMABAD: Google for Startups has announced the launch of AI Academy, an innovative program aimed at supporting and accelerating the growth of AI startups in Pakistan and the Asia-Pacific (APAC) region. The program will bring together over 20 startups developing AI-based technologies, fostering a vibrant AI community within APAC, and igniting cross-border innovation and partnerships. […]
JazzCash, Pakistan’s leading mobile financial services provider, has announced a strategic partnership with the Rural Community Development Programme (RCDP). This collaboration aims to simplify financial journeys for customers by enabling convenient loan repayments through JazzCash wallets. The partnership is a significant step towards promoting sustainable development through financial services, a core mission of the RCDP. […]
Karachi, Pakistan – Faysal Bank Limited has partnered with TouchPoint (Pvt) Limited to implement Cadepo, a cutting-edge Cash and Cheque Deposit Machine system powered by QMatch 2.0. This initiative aims to provide customers with a more convenient and efficient way to perform cash deposit transactions, significantly reducing wait times and enhancing the overall customer experience. […]
KARACHI: Top representatives from the banking and fintech sectors along with state regulators gathered to discuss ways and suggest implementable solutions to digital based financing for supply chains for small and medium enterprises and the agriculture sectors at the 5th DigiBAP Summit 2024 on Monday at a local hotel. The summit featured panel discussions and […]
Karachi: The 5th edition of the DigiBap Summit, focusing on “Leveraging Technology for Digital Supply Chain Finance (DSCF) Solutions,” is set for Monday, July 22nd at Mövenpick Karachi. The event will address the State Bank of Pakistan’s (SBP) mandate for banks to extend supply chain financing digitally to SMEs.The conference will kick off with an […]
Islamabad, July 2024 — Digital transactions accounted for 83% of total retail payments in Pakistan during the third quarter (January-March) of the fiscal year 2023-24, according to the State Bank of Pakistan‘s (SBP) Quarterly Payment Systems Report. The remaining 17% of transactions were conducted over-the-counter (OTC) at bank branches. Banks and Electronic Money Institutions (EMIs) […]
Karachi, Pakistan, 19 July 2024: Raqami Islamic Digital Bank Pakistan, a visionary digital financial institution, and Paysys Labs Pvt Ltd, a leading payment technology provider, today announced a strategic partnership to transform Pakistan’s digital payments landscape. The collaboration aims to develop an innovative digital payment solution integrating real-time payment systems such as RAAST. Paysys Labs, […]
Oraan, an innovative financial platform dedicated to building inclusive financial products for Pakistan, has achieved a significant milestone by securing a Non-Banking Financial Company (NBFC) license. This new license empowers Oraan to expand its offerings, notably in the realm of education financing, providing students and their families with more accessible and inclusive financial options. Oraan’s […]
In a strategic move to enhance financial accessibility, Al Meezan Investment Management has announced a collaboration with 1LINK for the issuance of PayPak cards. The formal ceremony, marking this significant partnership, saw the presence of key figures from both organizations. Representing Al Meezan Investment Management were Mr. Muhammad Asad, Chief Investment Officer and Acting CEO, […]