The State Bank of Pakistan (SBP) is streamlining the merchant account opening process to encourage digital payments and ease onboarding procedures for merchants, Deputy Governor Dr. Inayat Hussain informed the Senate Standing Committee on Finance on Wednesday. To make the process more accessible, SBP is reducing the account-opening forms from the current 16 pages to […]
Visa (NYSE:V), a world leader in digital payments, today announced a partnership with Meezan Bank, the country’s leading Islamic bank, to unveil a unique proposition designed to empower the digitization journey of Pakistan’s student population. Eligible university students aged 18 to 24 years will be able to gain access to secure, convenient, and rewarding financial […]
Karachi, Pakistan – CRPL and Habib Bank Limited (HBL) have announced a strategic partnership to elevate the HBL Pay Business Banking portal through the integration of AddCore Digital, a cutting-edge cash management solution. This alliance aims to redefine business banking by introducing innovative platform features and advanced product functionalities that cater to modern business needs. […]
AdalFi, Pakistan’s leading AI-powered digital lending platform, has joined forces with United Bank Limited (UBL), one of the country’s largest banks, to enable instant personal loans through UBL’s Digital CashPlus product. This strategic partnership leverages AdalFi’s state-of-the-art AI Credit Scoring and Monitoring Models, allowing UBL to identify eligible customers with unparalleled precision and efficiency. By […]
Dubai Islamic Bank (DIB) Pakistan has partnered with Haball to launch a state-of-the-art digital supply chain financing solution designed to empower Small and Medium Enterprises (SMEs) across the Pakistan. This strategic collaboration aims to bridge the financing gap for SMEs, providing them with streamlined access to funds while driving financial inclusion in the country. The […]
Collaboration accelerates cashless transformation through innovative, consumer-centric initiative Backed by Delivery Hero’s global expertise, Mastercard and foodpanda’s initiatives will also foster inclusive growth in the country Karachi, Pakistan; 22 January 2025: Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nation’s […]
The Competition Commission of Pakistan (CCP) has granted approval for Optimus Capital Management (Private) Limited (OCMPL) to acquire a 95.59% shareholding in Alfalah Securities (Private) Limited (ASPL). The transaction, executed under a Share Purchase Agreement, received the green light following a comprehensive competition assessment. The CCP defined the relevant product market as “brokerage services,” which […]
Islamabad, Pakistan – Pakistan Telecommunication Company Limited (PTCL) Group, the parent company of U Microfinance Bank (U Bank), has announced a significant equity injection of PKR 4 billion (USD 15 million) into U Bank. This strategic investment aims to accelerate the bank’s growth in Islamic Banking services and drive digital innovation, reinforcing PTCL Group’s unwavering […]
Karachi – In a landmark move towards enhancing financial inclusion in Pakistan, Virtual Remittance Gateway (VRG), HBL Konnect, and easypaisa have signed a historic agreement for agent interoperability. The ceremony, held in the presence of senior officials from the State Bank of Pakistan (SBP), marks a significant step in the evolution of branchless banking in […]
His Excellency Ambassador Mr. Naveed Safdar Bokhari served as the Chief Guest at the award ceremony of a cricket tournament organized for the blue-collar community at Pakistan School Muscat. The event was co-sponsored by the National Bank of Pakistan, United Arab Emirates, and Al Jadeed Exchange, Oman. In his address, the Ambassador commended the organizers […]