SECP Officially Registers The Bank of Punjab’s Exchange Company – Fintech News Pakistan

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…

Read More

Waada Joins Forces With Pakistan’s Largest Fintech, JazzCash, to Enhance Service Delivery – Fintech News Pakistan

Headline:Waada Joins Forces with Pakistan’s Largest Fintech, JazzCash, to Enhance Service Delivery Body:In a strategic move aimed at bolstering service delivery, Waada has announced a significant collaboration with JazzCash, Pakistan’s leading fintech platform. This partnership marks a pivotal moment for both entities as they strive to enhance their offerings in the rapidly evolving financial technology…

Read More

United Bank Limited (UBL) Partners with Euronet Pakistan for Cards Processing & Acquiring – Fintech News Pakistan

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…

Read More

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

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…

Read More

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

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…

Read More

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

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…

Read More

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

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…

Read More

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

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…

Read More

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

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…

Read More

Soneri Bank and PayFast Forge Dynamic Partnership for Accelerated Digital Payments – Fintech News Pakistan

Headline:“Soneri Bank and PayFast Forge Dynamic Partnership for Accelerated Digital Payments” Lead:In a move set to revolutionize the landscape of digital payments, Soneri Bank and PayFast have joined forces in a strategic partnership aimed at empowering tomorrow’s financial transactions. This collaboration marks a significant milestone in the journey towards streamlined and efficient digital banking solutions….

Read More