Karachi, Pakistan — In a major development for Pakistan’s financial sector, Bank Alfalah, one of the country’s leading commercial banks, has announced a strategic collaboration with Swift to introduce Payment Pre-validation, a groundbreaking solution aimed at improving the speed, accuracy, and security of cross-border payments. Through this partnership, Bank Alfalah—via the national payment switch 1LINK—will enable […]
LAHORE: The Federation of Pakistan Chambers of Commerce & Industry Businessmen Panel (BMP) has said that unreliable internet and digital payment barriers have slowed down the growth of the small and medium-sized enterprises (SMEs), as they have been facing serious challenges in their attempt to tap growing global market. The FPCCI former president and BMP […]
KARACHI – Hatton National Bank (HNB) of Sri Lanka has officially withdrawn from its proposed acquisition of Bank Alfalah’s operations in Bangladesh, according to a notification shared by Bank Alfalah Limited (BAFL) with the Pakistan Stock Exchange (PSX). HNB had initially submitted a non-binding offer last year to acquire the Bangladesh-based operations of BAFL. The […]
KARACHI: United Bank Limited (PSX: UBL) has witnessed a remarkable surge in market capitalization, reaching a record Rs. 600 billion (approximately US$ 2.1 billion), up from just Rs. 100 billion two years ago. The milestone was highlighted by Topline Securities CEO Mohammed Sohail, who noted that UBL has now surpassed the combined market value of two […]
Neem, Pakistan’s leading embedded finance platform, has partnered with the Bank of Punjab (BOP)(BOP), a prominent financial institution recognised for its focus on customer-centric innovation and financial inclusion. Through this collaboration, Neem will utilise BOP’s comprehensive branchless banking infrastructure to deliver embedded payment solutions, including collections, disbursements, and future card programs. This partnership enhances Neem’s […]
Islamabad – The digital payment ecosystem in Pakistan continues to strengthen, with 88 percent of all retail transactions processed through digital channels in the second quarter of the fiscal year 2025 (Q2-FY25), according to the State Bank of Pakistan (SBP). Mobile banking applications, branchless banking (BB) wallets, and e-money wallets played a pivotal role in […]
Doha, Qatar: Mastercard has revealed its intent to set up a physical presence for its global Mastercard Academy in Doha with the aim of enhancing skill sets across the financial industry for regional and global players. The first of its kind Hub will create a learning and innovation ecosystem powered by Mastercard and business schools from […]
Islamabad, Pakistan – easypaisa Digital Bank has announced the launch of its AI-powered digital insurance marketplace, making insurance more accessible, affordable, and convenient for millions of Pakistanis. This initiative marks a significant step towards financial inclusion by offering a comprehensive range of coverage through leading industry players. The newly launched platform provides coverage options including health, […]
Karachi, 26th March 2025 – JS Global, a leading investment advisory and brokerage firm, has launched Pakistan’s first Shariah-Compliant Trading Terminal, marking a significant step in digital investing. Integrated within the JS InvestPro platform, this feature enables investors to switch between conventional and Shariah-compliant modes with a single tap. The terminal allows investors to filter […]
Karachi, Pakistan – Bank Alfalah, one of Pakistan’s leading commercial banks, has launched AlfaMall on WhatsApp, offering a seamless shopping experience within the popular messaging platform. This innovative integration marks a significant step forward in digital banking and e-commerce, catering to the growing demand for mobile-first, hassle-free transactions. A New Era of Shopping Convenience With the […]