May 20, 2024
Headlines

fintechnewspakistan

KTrade Securities and Ansher Capital Forge Strategic Partnership for Cross-Border Investments Between Pakistan, Saudi Arabia & Uzbekistan – Fintech News Pakistan

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KTrade Securities, a prominent entity in Pakistan’s capital markets, has joined forces with Ansher Capital LLC, the largest investment bank in Uzbekistan, in a strategic partnership aimed at fostering cross-border investments. This collaboration targets markets in Saudi Arabia, Pakistan, and Uzbekistan, leveraging the expertise of both firms to provide comprehensive financial advisory and corporate finance…

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Meezan Bank Posts Rs. 25 Billion Profit in 3 Months – Fintech News Pakistan

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Title: Meezan Bank Reports Impressive 65% Year-on-Year Profit Growth in 1Q2024, Declares Cash Dividend Body: Meezan Bank Limited (PSX: MEBL) has disclosed a robust financial performance for the quarter ending March 31st, 2024 (1Q2024), with a profit after tax (PAT) reaching Rs. 25 billion, marking a substantial 65 percent increase year-on-year (YoY). According to Arif…

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Mobilink Microfinance Bank Reports Impressive Q1-2024 Financial Results by Doubling its Revenue – Fintech News Pakistan

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Title: Mobilink Microfinance Bank Reports Impressive Q1 2024 Financial Results, Signals Strong Start to the Year Body: Mobilink Microfinance Bank, Pakistan’s leading digital microfinance institution, has announced a remarkable 97% increase in revenue during the first quarter of 2024 compared to the same period last year, setting the stage for a powerful start to the…

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Telenor Microfinance Bank Announces PKR 1.2 Billion Pre-Tax Profit for Financial Year 2023 – Fintech News Pakistan

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Telenor Microfinance Bank (TMB), the operator of Pakistan’s leading digital financial services platform easypaisa, has announced its financial results for the year ending December 31, 2023, showcasing a significant turnaround with a profit before tax amounting to PKR 1.2 billion. The impressive performance comes on the heels of securing the In-Principle Approval for a Digital…

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SECP Grants Registration to First-Ever Digital Insurer – Fintech News Pakistan

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Title: SECP Registers M/s Salaam Family Takaful Limited as Pakistan’s First Digital Family Takaful Operator In a significant stride towards digitalization in the insurance sector, the Securities and Exchange Commission of Pakistan (SECP) has officially registered M/s Salaam Family Takaful Limited as the country’s pioneer digital family takaful operator. This milestone follows the implementation of…

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Zaraee Partners with Bank Alfalah to Boost Agricultural Financing – Fintech News Pakistan

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Headline: Zaraee Partners with Bank Alfalah to Boost Agricultural Financing Body: In a significant stride towards bolstering agricultural financing, Zaraee has announced a strategic collaboration with Bank Alfalah. The partnership aims to revolutionize access to loan facilities for farmers and agribusinesses through Zaraee‘s online platform, www.zaraee.pk. The Memorandum of Understanding (MOU) signing between Zaraee and…

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Best AI technologies that are significantly improving the FinTech industry of Pakistan – Fintech News Pakistan

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The role of AI technologies in Pakistan’s Fintech industry is pivotal, addressing unique challenges and opportunities within the region. AI-powered solutions facilitate financial inclusion by offering innovative services accessible through mobile devices, particularly in underserved rural areas. These technologies enhance security through fraud detection and risk management, leveraging vast transaction data to identify anomalies in…

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JS Bank Crosses Half a Trillion Deposits Mark – Fintech News Pakistan

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In a remarkable feat, JS Bank, one of Pakistan’s rapidly expanding financial institutions, has announced its surpassing of Rs500 billion in deposits, marking a significant milestone for the bank. This achievement comes on the heels of a strong performance in 2023, where the bank reported a substantial Profit Before Tax of Rs8.5 billion, showcasing a…

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Ant Group Collaborates with NayaPay & Alipay+ to Launch International Consumer Friendly Zones Program in China – Fintech News Pakistan

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Title: NayaPay Partners with Alipay+ to Enable Cross-Border Payments in China, Ant Group Launches International Consumer Friendly Zones Beijing, April 9, 2024 – In a significant development, NayaPay, a leading fintech platform in Pakistan, has forged a partnership with Alipay+ to facilitate direct payments at 80 million merchants across China through its NayaPay app. This…

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easypaisa Join Hands with Idenfo to Integrate Facial Recognition Technology within the easypaisa App – Fintech News Pakistan

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Easypaisa, a leading digital financial services provider, has revealed an exciting partnership with Idenfo to introduce cutting-edge facial recognition technology within its mobile application. This strategic collaboration aims to bolster security measures by offering state-of-the-art solutions for facial comparison, liveness detection, anti-spoofing, verification, and encryption, seamlessly integrated into the user experience. The integration of facial…

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