Karachi, Pakistan, July 11, 2024 — In a groundbreaking partnership, Dubai Islamic Bank Pakistan (DIBP), ChargeUp, and NymCard have unveiled a new corporate expense card solution tailored for businesses in Pakistan. This collaboration aims to revolutionize the way Pakistani companies manage employee expenses by leveraging advanced card issuance and processing technology. ChargeUp will issue Dubai […]
Islamabad, July 10, 2024— In a significant move to streamline the payment of various receipts, the Islamabad Capital Territory Police has announced a collaboration with 1LINK and the State Bank of Pakistan (SBP) for the implementation of the 1BILL payment system. The ceremony, marking this milestone, was attended by prominent figures including Mr. Syed Ali […]
In a groundbreaking move to revolutionize financial transactions within the public sector, the Punjab Information Technology Board (PITB), MCB Bank, and Mastercard have signed a Memorandum of Understanding (MoU) to digitize payments in Pakistan. The agreement was signed by PITB ADG Khurram Mushtaq and MCB Bank Group Head Shahzad Ishaq, marking a significant step towards […]
In a significant move to transform merchant and retailer payments in Pakistan, Raast, the country’s groundbreaking instant payment system, is expanding its reach through an innovative pilot program. This initiative, backed by Karandaaz Pakistan with the support of the State Bank of Pakistan (SBP), aims to onboard tier 2 and 3 retailers onto the Raast […]
In a significant leap towards modernizing financial services, The Bank of Punjab has partnered with Sui Northern Gas Pipelines Limited (SNGPL) to introduce a cutting-edge, real-time digital billing solution. This collaboration is set to streamline and enhance the efficiency of billing services, offering seamless and instantaneous transaction processing. The innovative partnership aims to revolutionize the […]
In a significant move towards digitizing the agricultural sector, JazzCash has teamed up with Fatima Fertilizer Company Limited to facilitate digital payments for farmers across Pakistan. This strategic partnership aims to enhance the ease and efficiency of financial transactions for farmers by leveraging JazzCash‘s extensive digital payment solutions. Initially, the collaboration will focus on onboarding […]
Karachi, June 27, 2024 – In a landmark move to revolutionize the branchless banking sector, U Bank has entered into a strategic partnership with Bulls & Bulls. This collaboration aims to deliver comprehensive and innovative branchless banking solutions designed to enhance service quality and operational capabilities. The partnership focuses on offering cutting-edge services such as […]
U Bank and TCS Private Limited have announced a strategic partnership aimed at revolutionizing cash management services, employee banking, and digital payment solutions across TCS Cash Hubs. This collaboration is set to bring significant innovation and streamline services, enhancing customer convenience. The Memorandum of Understanding (MoU) was signed by Mr. Mohamed Essa Al Taheri, President […]
Easypaisa, Pakistan’s leading mobile financial service provider, has enhanced its service offerings by integrating the Raast P2M (Person to Merchant) payment system on its platform. This strategic move by the State Bank of Pakistan (SBP) is designed to accelerate the digitization of merchant and business transactions nationwide. The Raast P2M payment mechanism aims to facilitate […]
In a strategic move to transform remittance services, the Bank of Punjab (BOP) has announced a partnership with NayaPay, a leading fintech company. This collaboration aims to revolutionize the process of remittance payments by enabling direct transfers into NayaPay wallets. NayaPay wallet holders will now be able to seamlessly receive remittances through BOP’s extensive network […]