Raqami Islamic Digital Bank Ltd. (RIDBL), one of the leading contenders for the digital retail bank license under Pakistan’s 2022 Licensing and Regulatory Framework for Digital Banks, proudly announces a strategic partnership with 1LINK, the nation’s largest Payment Service Provider and Payment Service Operator. The partnership was formalized during a signing ceremony at the 1LINK […]
PMIC and Daraz Forge Partnership to Empower Rural Women in Pakistan In a landmark collaboration, the CEOs of Pakistan Microfinance Investment Company (PMIC) and Daraz have officially joined forces under the PMIC’s “Informal to International” initiative. This partnership, endorsed by the Male Champions of Change forum, represents a united effort to drive innovation, bridge barriers, […]
The Bank of Khyber (BoK) has unveiled a new tripartite arrangement with 1LINK and Kuickpay, aiming to simplify the bulk onboarding process for online billers. This significant development is expected to enhance efficiency and speed in business enrolment processes. The agreement was signed by Jawad Hassan Khan, Divisional Head of Alternate Delivery Channels at BoK; […]
Systems Limited Partners with Temenos to Develop Country Model Banks in APAC Region May 21, 2024 – Systems Limited, a global technology leader and award-winning partner of Temenos, has signed a significant agreement to license and develop Temenos Country Model Banks for financial institutions in five Asia-Pacific (APAC) countries: Indonesia, Malaysia, Vietnam, Myanmar, and Brunei. […]
KARACHI — The National Bank of Pakistan (NBP) has solidified a strategic partnership with TouchPoint, a leading provider of self-service solutions, to expand and optimize the efficiency of over 1,200 Diebold Nixdorf ATMs across NBP branches nationwide. The official signing ceremony, held at the National Bank Head Office in Karachi, marked a significant milestone in […]
Mashreq Pakistan Signs Agreement with PTCL for Tier-III Data Center Colocation Services Mashreq Pakistan is pleased to announce the signing of an agreement with PTCL.Official (PTCL) for the provision of primary data center colocation services at PTCL’s Tier-III Data Center facility. Mohamed Abdel Hamid Abdel-Razek, Group Head of Technology, Transformation, and Information at Mashreq, shared […]
PayFast Becomes First Payment Gateway to Launch Raast P2M Services Islamabad, Pakistan – May 17, 2024 – PayFast, Pakistan’s leading and commercially licensed payment service provider (PSP), has achieved a groundbreaking milestone by becoming the first payment gateway to go live with Raast Person-to-Merchant (P2M) services. This achievement enables PayFast’s partner businesses to accept payments […]
JS Bank, a leading financial institution in the country, has announced a strategic partnership with Euronet Pakistan, a division of Euronet Worldwide renowned for global payment processing and transaction services. This collaboration aims to revolutionize the management of debit card services and ATM operations. Under this agreement, JS Bank will leverage Euronet’s advanced infrastructure in […]
TMB/easypaisa, Pakistan’s leading digital financial services platform, has bolstered its insurance-based product portfolio through impactful strategic partnerships with IGI Life Insurance Limited and IGI General Insurance Ltd, reinforcing its commitment to innovation and customer-centricity. The signing ceremony, attended by Kashif Ahmed, FCA, Acting President & CEO of TMB/easypaisa, Ali Nadim, CEO of IGI Life Insurance, […]
Parwaaz Financial Services and AdalFi have formally inked a collaborative agreement aimed at bolstering Pakistan’s small and medium enterprises (SMEs). Through the strategic utilization of advanced technology and data analytics, the partnership seeks to facilitate streamlined access to crucial financial resources, thus fostering growth opportunities for underserved businesses nationwide. The joint initiative between Parwaaz Financial […]