Meezan Bank, Pakistan’s leading and first Islamic banking institution, has partnered with Systems Limited and Temenos to modernize its Core Banking Platform. This significant upgrade to the latest Temenos release was formalized at the “Bank of the Future Forum 2024,” a flagship event attended by prominent leaders, including Irfan Siddiqui, Founding President & CEO of Meezan Bank; Syed […]
Islamabad, Pakistan – OPay International PTE. LTD. (OPay), a leading global fintech platform, has successfully acquired Finja Private Limited, a licensed Electronic Money Institution (EMI) in Pakistan, from its parent company, Finja, Inc. (Delaware). This landmark acquisition signals OPay’s entry into the dynamic Pakistani fintech market, reflecting its commitment to driving financial inclusion and innovation […]
NetSol Technologies Limited has announced plans to buy back 10 million ordinary shares, the company revealed in a notice to the Pakistan Stock Exchange (PSX) on Monday. The decision was approved during a Board of Directors (BoD) meeting held on November 25, 2024, and will be subject to shareholder approval via a special resolution. The […]
The UAE government has unveiled a cutting-edge “Know Your Customer” (KYC) digital platform, a transformative initiative aimed at boosting transparency in the banking sector, streamlining identity verification processes, and combating financial crime. Launched under Federal Decree-Law No. 30 of 2024, the platform marks a significant milestone in the Emirates’ efforts to modernize its financial infrastructure and position itself […]
In a groundbreaking partnership, Vizpro and CreditBook are set to revolutionize the grocery retail sector in Pakistan by unleashing its untapped potential. Combining their expertise in digital payments and shariah-compliant financing, the collaboration aims to provide much-needed financial support to an underserved segment of the business community. Vizpro, renowned for its success in digital collections […]
SINGAPORE: Bitcoin surged past $96,000 for the first time on Thursday, fueled by investor optimism over a potentially friendlier regulatory environment under US President-elect Donald Trump. The cryptocurrency reached an intraday high of $96,898 in Asian trading, marking a significant leap in its march toward the $100,000 milestone. The digital asset has more than doubled […]
The State Bank of Pakistan (SBP) has issued a license to E-Processing Systems Private Limited (EPSPL), enabling the company to commence commercial operations as an Electronic Money Institution (EMI). In its official statement, the central bank highlighted that EPSPL, under this license, will offer e-money wallets to consumers, merchants, and agents. This development brings the […]
Islamabad, Pakistan – November 20, 2024 PayFuture, a leading global payment technology provider, has officially launched its operations in Pakistan, marking a pivotal step in connecting international businesses to one of South Asia’s most promising ecommerce markets. With its advanced payment technology and comprehensive understanding of local regulations, PayFuture aims to simplify market entry for […]
KARACHI – Pakistan’s leading fintech platform, JazzCash, has announced an ambitious goal to empower more than 300,000 women-led businesses and women freelancers by the end of 2027. This initiative underscores JazzCash’s commitment to recognizing the pivotal role women play in driving economic productivity and innovation in Pakistan. Currently serving over 44 million customers, JazzCash has […]
Singapore: Bitcoin reached an all-time high of $94,078, fueled by reports suggesting that Donald Trump’s social media company, Trump Media and Technology Group (TMTG), is in advanced talks to acquire the cryptocurrency trading platform Bakkt. The surge reflects growing optimism about a crypto-friendly stance under the incoming Trump administration. The cryptocurrency, which has more than […]