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, […]
MYTM LLC, a leading financial services provider from Saudi Arabia, is proud to announce its expansion into the United Arab Emirates with the opening of a new office in Dubai. This strategic move aims to bring innovative financing and payment solutions tailored to meet the unique needs of the UAE market. New Offerings: A Proud […]
ABHI has joined forces with EduFi to introduce the ‘Study Now, Pay Later’ initiative, offering a seamless solution for ABHI users to manage their children’s education expenses. This innovative program leverages Earned Wage Access (EWA) to allow users to spread the cost of education fees over convenient installments ranging from 3 to 12 months. The […]
Dukan and The Vertical have announced the signing of a Memorandum of Understanding (MoU) aimed at transforming customer touchpoints and establishing a groundbreaking digital-first experience for tenants. This collaboration will automate invoicing, payments, collections, and property management services, setting a new benchmark in the real estate industry. The MoU was signed by Monis Rahman, CEO […]
Karachi, Pakistan – Raqami Islamic Digital Bank, an emerging leader in Islamic digital banking in Pakistan, has chosen BenchMatrix’s proprietary RiskNucleus®️ solution for its Anti-Money Laundering (AML) transaction monitoring. This decision marks a significant step forward in leveraging advanced technology and automation for enhanced financial crime detection. RiskNucleus®️, developed by BenchMatrix, is a comprehensive platform […]
U Bank and EmployMate HR Services (SMC Pvt. Ltd.) have entered into a strategic partnership to provide comprehensive branchless banking solutions for payroll management, disbursals, and other financial services. The collaboration aims to enhance the efficiency and convenience of financial operations for EmployMate and its clients. The Memorandum of Understanding (MoU) was signed at a […]
TMB/easypaisa’s ongoing commitment to transforming Pakistan into an advanced and financially inclusive society, TMB/easypaisa is thrilled to announce a strategic collaboration with Rayn Group. This partnership underscores our dedication to leveraging cutting-edge technologies to enhance our services and impact. Together with Rayn Group, TMB/easypaisa will embark on designing and implementing foundational building blocks that integrate […]