MYTM LLC, a leading financial services provider from Saudi Arabia, is proud to announce its expansion into the United Arab Emirates with the opening of a new office in Dubai. This strategic move aims to bring innovative financing and payment solutions tailored to meet the unique needs of the UAE market. New Offerings: A Proud […]
Karachi, July 8, 2024 – MCB Bank Limited (PSX: MCB) has secured shareholder approval to incorporate 39 branches, along with all associated rights and obligations, into its Islamic banking operations. This significant development was communicated to the Pakistan Stock Exchange (PSX) on Monday. According to the official stock filing, shareholders have authorized the transfer of […]
In a groundbreaking move to revolutionize financial transactions within the public sector, the Punjab Information Technology Board (PITB), MCB Bank, and Mastercard have signed a Memorandum of Understanding (MoU) to digitize payments in Pakistan. The agreement was signed by PITB ADG Khurram Mushtaq and MCB Bank Group Head Shahzad Ishaq, marking a significant step towards […]
Islamabad – U Microfinance Bank (U Bank) and Yousuf Dewan Companies have entered into a strategic collaboration aimed at providing innovative financing options to make the ownership of electronic vehicles (EVs) more accessible and affordable for customers. The Memorandum of Understanding (MoU) was signed recently at a ceremony in Islamabad by Mr. Mohamed Essa Al […]
In a significant move to transform merchant and retailer payments in Pakistan, Raast, the country’s groundbreaking instant payment system, is expanding its reach through an innovative pilot program. This initiative, backed by Karandaaz Pakistan with the support of the State Bank of Pakistan (SBP), aims to onboard tier 2 and 3 retailers onto the Raast […]
ABHI has joined forces with EduFi to introduce the ‘Study Now, Pay Later’ initiative, offering a seamless solution for ABHI users to manage their children’s education expenses. This innovative program leverages Earned Wage Access (EWA) to allow users to spread the cost of education fees over convenient installments ranging from 3 to 12 months. The […]
In a significant leap towards modernizing financial services, The Bank of Punjab has partnered with Sui Northern Gas Pipelines Limited (SNGPL) to introduce a cutting-edge, real-time digital billing solution. This collaboration is set to streamline and enhance the efficiency of billing services, offering seamless and instantaneous transaction processing. The innovative partnership aims to revolutionize the […]
Dukan and The Vertical have announced the signing of a Memorandum of Understanding (MoU) aimed at transforming customer touchpoints and establishing a groundbreaking digital-first experience for tenants. This collaboration will automate invoicing, payments, collections, and property management services, setting a new benchmark in the real estate industry. The MoU was signed by Monis Rahman, CEO […]
Karachi, Pakistan – Premier Code (Pvt.) Limited, a trailblazer in technology solutions under the brand DCODE, proudly announces its strategic partnership with Bank Alfalah Limited, a leading banking institution in Pakistan. This collaboration signifies a major advancement in fostering local manufacturing and enhancing banking services across the nation. DCODE is set to become one of […]
Karachi, Pakistan – Raqami Islamic Digital Bank, an emerging leader in Islamic digital banking in Pakistan, has chosen BenchMatrix’s proprietary RiskNucleus®️ solution for its Anti-Money Laundering (AML) transaction monitoring. This decision marks a significant step forward in leveraging advanced technology and automation for enhanced financial crime detection. RiskNucleus®️, developed by BenchMatrix, is a comprehensive platform […]