Karachi, Pakistan – The Bank of Punjab organized an interactive session featuring Professor Stefan Dercon with local industry leaders in Karachi this week. Professor Dercon, a distinguished academic and policy advisor, currently serves as a Professor of Economic Policy at the Blavatnik School of Government and the Economics Department at the University of Oxford. His […]
KARACHI: Top representatives from the banking and fintech sectors along with state regulators gathered to discuss ways and suggest implementable solutions to digital based financing for supply chains for small and medium enterprises and the agriculture sectors at the 5th DigiBAP Summit 2024 on Monday at a local hotel. The summit featured panel discussions and […]
Karachi: The 5th edition of the DigiBap Summit, focusing on “Leveraging Technology for Digital Supply Chain Finance (DSCF) Solutions,” is set for Monday, July 22nd at Mövenpick Karachi. The event will address the State Bank of Pakistan’s (SBP) mandate for banks to extend supply chain financing digitally to SMEs.The conference will kick off with an […]
In a groundbreaking move, nine insurance companies have signed a Memorandum of Understanding (MoU) with the Central Depository Company (CDC) to establish Pakistan’s first centralized auto insurance repository. The initiative, under the regulatory guidance of the Securities and Exchange Commission of Pakistan (SECP), marks a significant step forward in the digital transformation of the country’s […]
Islamabad, July 2024 — Digital transactions accounted for 83% of total retail payments in Pakistan during the third quarter (January-March) of the fiscal year 2023-24, according to the State Bank of Pakistan‘s (SBP) Quarterly Payment Systems Report. The remaining 17% of transactions were conducted over-the-counter (OTC) at bank branches. Banks and Electronic Money Institutions (EMIs) […]
Karachi, Pakistan, 19 July 2024: Raqami Islamic Digital Bank Pakistan, a visionary digital financial institution, and Paysys Labs Pvt Ltd, a leading payment technology provider, today announced a strategic partnership to transform Pakistan’s digital payments landscape. The collaboration aims to develop an innovative digital payment solution integrating real-time payment systems such as RAAST. Paysys Labs, […]
Systems Limited, a global system integrator, has announced a strategic partnership with Formpipe, a specialist in customer communication management (CCM). This collaboration aims to provide comprehensive communication and document management solutions to banks and financial institutions worldwide. The partnership marks a significant advancement in the banking implementation landscape, positioning Systems Limited as a one-stop technology […]
Karachi, July 15, 2024 – Microfinance Banks (MFBs) in Pakistan continue to expand their outreach to the low-income segment of the population despite challenging macroeconomic conditions, according to the State Bank of Pakistan (SBP). The SBP’s Financial Stability Review-2023 highlights that MFBs serve more account holders and borrowers than conventional banks, despite their limited size. […]
NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in providing cutting-edge solutions for the asset finance and leasing industry, has announced a significant new agreement with a leading automaker to revolutionize its US dealership operations. The five-year, $16 million contract encompasses the customization, implementation, deployment, and ongoing SaaS subscription of Otoz, NETSOL’s omnichannel digital retail […]
Meezan Bank has announced the launch of Phase 2 of its MEEZANSHIP Program for 2024, a structured internship initiative designed for fresh graduates and postgraduates. This program aims to bridge the gap between academic learning and industry experience, offering young professionals a valuable opportunity to gain practical skills and potentially secure employment with the bank. […]