In the rapidly evolving landscape of financial technology (fintech), the integration of artificial intelligence (AI) has emerged as a key driver of innovation and transformation. Among the various AI technologies, generative AI stands out as a pivotal enabler, revolutionizing how fintech companies operate and deliver services. Generative AI, capable of producing new content or data…
Headline: Digitt+ and Kissan Sahara Join Forces to Revolutionize Agricultural Financial Solutions Subheading: Strategic Partnership Aims to Boost Financial Inclusion and Productivity for Smallholder Farmers In a bid to transform the landscape of agricultural finance, Digitt+, a leading electronic money institution specializing in agricultural financial solutions, has teamed up with Kissan Sahara, an innovative Agri…
Fils, the fast growing, UAE-based enterprise-grade digital infrastructure provider enabling companies to embed sustainability and climate action into their business models, today expands its offerings to Pakistan with a strategic partnership with TPS, a leading digital banking and payments solution provider powering banks, digital banks, fintechs, payment processors, merchants, and telecoms around the world. The collaboration…
Standard Chartered Bank Pakistan Limited Reports Impressive Q1 2024 Performance In a notable display of financial prowess, Standard Chartered Bank Pakistan Limited (SCBPL) has announced a substantial surge in its first-quarter profits for 2024. The bank reported a staggering 53 percent growth in profit before tax, reaching Rs. 24.7 billion. After-tax profits also experienced a…
Leatherback Partners with MCB Bank to Facilitate Seamless Remittances in Pakistan and South Asia In a bid to streamline cross-border financial transactions, Leatherback, a global banking service provider, has joined forces with MCB Bank, one of Pakistan’s largest commercial banks. This strategic partnership aims to enhance accessibility to business and lifestyle opportunities in Pakistan and…
Allied Bank Limited Reports 1QCY24 Earnings: Profit Up 51% YoY, Down 5% QoQ Allied Bank Limited (PSX: ABL) unveiled its financial results for the first quarter of the calendar year 2024 (1QCY24) today, showcasing a robust performance with a Profit After Tax (PAT) of Rs. 11.6 billion. This figure represents a noteworthy increase of 51…
Title: U Microfinance Bank and Golootlo Forge Strategic Alliance to Offer Exclusive Discounts to UnionPay Debit Cardholders U Microfinance Bank and Golootlo have entered into a significant partnership agreement aimed at providing exclusive discounts to U Microfinance Bank’s UnionPay debit cardholders. The agreement, signed on April 22, 2024, marks a pivotal step in enhancing customer…
Headline: HBL Reports Robust Growth in Q1’24, Declares Rs. 4 Cash Dividend per Share Subhead: Consolidated Profit Before Tax Surges 40%, Earnings Per Share Reach Rs. 10.37 Body: In an announcement today, Habib Bank Limited (HBL) disclosed its impressive financial performance for the first quarter ended March 31, 2024. The bank’s consolidated profit before tax…
In a significant development, The Bank of Punjab (PSX: BOP) has achieved official registration for its exchange company by the Securities and Exchange Commission of Pakistan (SECP). The bank disclosed this information to the main bourse on Monday, stating that the SECP has issued the Certificate of Incorporation to “BOP Exchange (Private) Limited,” which stands…
Title: Euronet Pakistan Chosen by United Bank Limited (UBL) for Credit Card Processing and POS Driving Summary: Euronet Pakistan, a division of Euronet Worldwide (NASDAQ: EEFT), has secured a pivotal partnership with United Bank Limited (UBL) for credit card processing and POS driving services. Under this collaboration, UBL’s credit cards and POS terminals will migrate…
