ISLAMABAD, October 10, 2024 – FinVolution Group (NYSE: FINV), a leading fintech company, has officially launched its latest digital financial platform, Daira, in Pakistan. The launch, held in Islamabad on October 10, 2024, marks a pivotal step in the company’s global expansion strategy as it aims to deliver localized and secure digital financial services tailored […]
KARACHI – BankIslami Pakistan Limited has achieved a significant milestone by opening its 500th branch in Nankana Sahib, further strengthening its presence across the country. This achievement reflects the bank’s commitment to expanding its branch network while adhering to the principles of Islamic finance. In a statement, BankIslami emphasized that all of its branches nationwide […]
The State Bank of Pakistan (SBP) has introduced a new initiative, the Challenge Fund for SMEs (CFS), designed to support banks and financial technology providers (Fintechs) in developing and enhancing digital financial solutions. The initiative aims to address the financial needs of small and medium-sized enterprises (SMEs) by promoting innovation in banking products and services, […]
In a significant move to enhance its digital security infrastructure, Soneri Bank has officially onboarded 1LINK’s Device Fingerprinting and Enterprise Anti-Fraud Services, powered by TrustDecision. The initiative is aimed at strengthening fraud prevention mechanisms and ensuring a safer banking experience for customers. The signing ceremony was attended by key executives from both organizations. Representing Soneri […]
The State Bank of Pakistan (SBP) has released its annual report for Fiscal Year 2023-24, showcasing significant advancements in the country’s national payment ecosystem, with a notable shift towards digital payments. According to the report, retail payments saw extraordinary growth during FY24, with the volume of transactions rising from 4.7 billion to 6.4 billion, representing […]
In a bid to strengthen security measures, the State Bank of Pakistan (SBP) has issued new directives to all commercial and microfinance banks, urging them to upgrade their security and surveillance operations within and around branch premises and ATMs. The central bank’s move is part of efforts to enhance public safety and assist law enforcement […]
We’re excited to share that Mehvish Muneera has taken the helm as Head of Legal & Designated Company Secretary – Executive Vice President- at HabibMetro. Recipient of Pakistan’s 1st Women in Law Awards 2020-2021 for the category of “In-house Legal Counsel”, she is a seasoned professional with over a decade of diversified legal experience. With […]
San Francisco, October 9, 2024 — Stripe, a leading financial infrastructure platform, today announced an expanded partnership with NVIDIA, aimed at advancing AI technology to benefit Stripe’s customers and improve fraud detection. The collaboration will also broaden global access to NVIDIA’s cutting-edge GPUs and AI software, allowing developers and enterprises to prepay for selected NVIDIA cloud services through […]
In a significant move aimed at enhancing credit access, the State Bank of Pakistan (SBP) has raised the regulatory retail portfolio limit from Rs. 180 million to Rs. 300 million. This change, effective immediately, comes as part of the SBP’s broader efforts to support financial sector stability and growth. The enhancement is part of the […]
The State Bank of Pakistan (SBP) has significantly enhanced the financing limits for Small and Medium Enterprises (SMEs), enabling them to avail loans of up to Rs. 500 million. This initiative is part of the central bank’s ongoing efforts to bolster the SME sector, which plays a vital role in Pakistan’s economic growth. According to […]