Islamabad, August 22, 2024 — Pakistan has taken a significant leap towards integrating into the Arab-world payments ecosystem with the launch of the Buna-Raast Connectivity Project’s Implementation Phase. Prime Minister Mian Muhammad Shehbaz Sharif inaugurated the project, which will link Raast, Pakistan’s instant payment system, with Buna, the Arab Monetary Fund’s cross-border payment system. This […]
Lahore 23-07-2024: Commerce Plex, a wholly owned and fully licensed subsidiary of Simpaisa Holdings is collaborating with Faysal Bank Ltd to seamlessly integrate fintech innovation with banking expertise. This strategic alliance aims to provide increased efficiency and transparency in remittance services. With roots originating in the UK and licensed & regulated as a Foreign Money […]
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 […]
Dubai Islamic Bank Pakistan and Lulu Exchange Sign Agreement to Enhance Remittances from UAE to Pakistan Dubai Islamic Bank Pakistan (DIBP) and Lulu Exchange have entered into a strategic partnership aimed at boosting remittances from the United Arab Emirates (UAE) to Pakistan. This collaboration is set to enhance financial services and facilitate smoother cross-border transactions […]