WASHINGTON, March 18, 2025—The World Bank’s Board of Directors today approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, which aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. “Microfinance is a critical tool for supporting the […]
Islamabad, Pakistan – Fauji Fertilizer Company (FFC) has partnered with four leading banks to offer clean financing of up to Rs. 500,000 for farmers registered with its Sona Centers. This initiative aims to promote financial inclusion and support agricultural growth across Pakistan. The signing ceremony, held at Serena Hotel, Islamabad, was attended by prominent industry […]
The State Bank of Pakistan (SBP) has granted an In-Principle Approval (IPA) to PaySa to operate as an Electronic Money Institution (EMI) in Pakistan, marking a major step towards advancing the country’s digital payments ecosystem. Historically, The Central Bank has granted similar approvals to companies for specific use cases of consumer and merchant wallets. However, […]
KT Bank Pakistan Limited proudly announces its strategic collaboration with Systems Limited to accelerate the implementation of its core banking technology platform. This initiative is a significant step in KT Bank’s mission to develop a digitally advanced, secure, and customer-centric banking ecosystem that aligns with its commitment to financial inclusion and operational excellence. A formal […]
KARACHI: Mastercard has announced the launch of Google Wallet in Pakistan, allowing Mastercard cardholders to make secure and convenient contactless payments. This milestone marks the first introduction of a global mobile wallet in the country, strengthening Pakistan’s digital ecosystem and accelerating the shift away from cash-based transactions. Google Wallet offers users a fast and seamless […]
KARACHI: March 6, 2025 – The Board of Directors of easypaisa Digital Bank (formerly Telenor Microfinance Bank Limited) has approved the audited financial statements for the year ending December 31, 2024, reflecting robust growth and record profitability. easypaisa Digital Bank reported a pre-tax profit (PBT) of Rs 4.7 billion in 2024, marking a 3.8x increase […]
Manila, Philippines, March 13, 2025—IFC, a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for the Philippines. In her new role, Amena will focus on mobilizing private sector investments to support job creation, reduce the impacts of climate change, and promote financial inclusion. A Pakistani national, Amena joined […]
Karachi: HBL cardholders can now add their credit and debit cards to Google Wallet on both Android and Wear OS devices. This move reinforces the bank’s commitment to offering innovative and secure digital payment solutions. As the largest card issuer in Pakistan, HBL boasts over 7 million cardholders and leads the market in transaction volumes, […]
KARACHI: Bank Alfalah has announced its integration with Google Wallet, enabling its credit and debit cardholders to make seamless and secure digital payments. Customers can now add their Bank Alfalah cards or digital credentials to Google Wallet on Android and Wear OS devices. Google Wallet offers users a convenient and secure way to conduct transactions […]
Karachi, Pakistan – March 12, 2025: Faysal Bank Ltd (FBL), one of Pakistan’s leading Islamic banks, has announced a groundbreaking partnership with Google Wallet, allowing Faysal Noor and Debit cardholders to add their cards to the global mobile payment platform. The launch of Google Wallet in Pakistan on March 12th marks a significant milestone in […]