JazzCash Wins ‘Pioneering Telco to Launch Tap on Phone’ Award at Mastercard Payment Leaders Awards – Fintech News Pakistan

Dubai, UAE – October 2024: JazzCash, the fintech arm of Pakistan’s leading digital operator Jazz, a VEON Group company, has been recognized with the prestigious ‘Pioneering Telco to Launch Tap on Phone’ award at the Mastercard Payment Leaders Awards. The award ceremony took place during the Mastercard EDGE 2024 event in Dubai. This accolade highlights…

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SBP Extends Permission for Exchange Companies to Import US Dollars Until June 2025 – Fintech News Pakistan

In a significant move aimed at stabilizing the open market, the State Bank of Pakistan (SBP) has extended the permission granted to exchange companies to import US dollars until June 30, 2025. This extension follows the earlier directive that was set to expire in June 2024. The central bank referred to its prior instructions outlined…

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Advans Pakistan Microfinance Bank Rebrands as Halan Microfinance Bank: SBP – Fintech News Pakistan

KARACHI, September 16, 2024: Advans Pakistan Microfinance Bank Limited has officially re-branded as Halan Microfinance Bank Limited, effective from September 16, 2024. The announcement was made by the State Bank of Pakistan (SBP) in a press statement issued on Monday. The SBP informed customers of the name change and reassured that the bank continues to…

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JazzCash and UBL Join Forces to Streamline Retailer Fund Deposits – Fintech News Pakistan

Islamabad – September 2024: In a strategic move aimed at boosting financial digitization, JazzCash has announced a partnership with United Bank Limited (UBL) to streamline the process for its agents across Pakistan to deposit funds into their JazzCash retailer accounts. This collaboration provides JazzCash agents with a seamless, secure, and efficient way to manage their…

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Meezan Bank Partners with FFC to offer Shariah-Compliant Digital Financing for Farmers – Fintech News Pakistan

Meezan Bank, Pakistan’s leading Islamic bank, and Fauji Fertilizer Company (FFC), the country’s largest fertilizer manufacturer, have announced a strategic partnership to launch Shariah-compliant digital agri-financing solutions tailored specifically for farmers. This innovative collaboration aims to provide an accessible, ethical, and fully digital financing process that directly addresses the unique financial needs of crop cultivation….

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Pakistani Startups Eye Gulf Expansion Amid Economic Turbulence – Fintech News Pakistan

Pakistani startups are increasingly turning their attention to the Gulf region, seeking growth opportunities beyond domestic borders, according to a recent newsletter issued by Invest2Innovate (i2i) . With ongoing macroeconomic challenges, political instability, currency depreciation, and a decline in purchasing power, expanding internationally has become more than just a smart business decision – it’s now…

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Telenor Microfinance Bank Posts Rs 2.6 Billion Profit Before Tax in H1-2024 – Fintech News Pakistan

Telenor Microfinance Bank Reports Exceptional Financial Performance in H1 2024, with Profit Before Tax Surging by 788% Karachi, August 22, 2024 — The Board of Directors of Telenor Microfinance Bank (TMB) has announced the Bank’s financial results for the half year ended June 30, 2024, revealing an extraordinary financial performance that underscores its leadership in…

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Pakistan Fintech Network Partners with Sunshine Technologies to Revolutionize Fintech Landscape – Fintech News Pakistan

August 27, 2024 – Karachi: The Pakistan Fintech Network (PFN) has proudly announced the signing of a Memorandum of Understanding (MOU) with Sunshine Technologies, marking the beginning of a groundbreaking partnership aimed at driving innovation in the financial technology sector. This strategic collaboration is poised to reshape the fintech landscape in Pakistan, fostering new opportunities…

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HBL Posts Rs 57.8 Billion Profit Before Tax in H1-2024 – Fintech News Pakistan

Pakistan, Karachi – 26 August 2024: Habib Bank Limited (HBL) has announced robust financial results for the first half of 2024, reporting a consolidated profit before tax of Rs 57.8 billion, marking a 12% increase over the same period last year. The bank’s profit after tax rose by 10% year-on-year to Rs 29.1 billion, with…

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PPCBL and BOP Forge Transformative Partnership to Drive Digitalization – Fintech News Pakistan

The Punjab Provincial Cooperative Bank Limited (PPCBL) is proud to announce a transformative partnership with BOPBiz, signaling a significant step towards digitalization. This strategic alliance is set to strengthen the future prospects of PPCBL by harnessing the power of technology and innovation. The partnership was officially marked by a ceremony attended by Saleem Tahir, President/CEO…

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