The Pakistan Banks’ Association (PBA), under the leadership of its Chairman Zafar Masud, has announced a series of strategic projects aimed at fostering a more inclusive and sustainable financial ecosystem in Pakistan. These initiatives were presented during a high-level meeting convened by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, and attended by Jameel […]
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 […]
Riyadh, Saudi Arabia — EdfaPay, a leading fintech platform in Saudi Arabia, has successfully raised $5 million in a Pre-Series A funding round. The investment was led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment. The funding will bolster EdfaPay’s presence in Saudi Arabia while driving its strategic expansion across the MENA region and into Pakistan. The […]
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 […]
Islamabad, Pakistan – November 20, 2024 –Euronet Pakistan, a division of Euronet Worldwide and the largest card and payment processor in the country, has announced a landmark strategic partnership with CMA, a globally recognized leader in real-time payments. CMA, headquartered in Sweden, is renowned as the primary vendor for the State Bank of Pakistan’s RAAST […]
Karachi, Pakistan: BankIslami, one of the nation’s leading Islamic banks, has unveiled its redesigned mobile app, promising a seamless, secure, and user-friendly banking experience tailored for customers across Pakistan. The enhanced app aligns with the bank’s mission to empower users with innovative tools while adhering to Islamic banking principles. The revamped app introduces powerful features […]