Date: January 1, 2025 Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation has announced a 100% acquisition of Alchemative Group, a leader in eCommerce and digital retail solutions. This acquisition marks a strategic step in Devsinc’s mission to deliver transformative technology solutions, strengthening its footprint across key markets, […]
LAHORE: The Punjab Information Technology Board (PITB) has joined forces with the Punjab Cooperative Housing Society (PCHS) to implement its innovative PayZen initiative, aiming to digitize and optimize payment processes within the society. The agreement, signed on Tuesday, establishes PayZen as the primary platform for all types of payments within PCHS, promising enhanced efficiency, transparency, […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 Pakistan’s fintech sector. For the first half of 2024 (H1’24), TMB recorded a profit before tax of […]
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 […]