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 […]
Karachi, November 19, 2024 – E-Processing Systems Pvt. Ltd. (EPS) has achieved a major milestone by securing a commercial license from the State Bank of Pakistan (SBP) for its digital platform, OneZapp, to operate as an Electronic Money Institution (EMI). This breakthrough positions EPS to address financial exclusion and accelerate the adoption of digital payment […]
ISLAMABAD – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a virtual meeting on Monday with the Governor of the State Bank of Pakistan (SBP), Jameel Ahmed, and the Chairman of the Pakistan Banks’ Association (PBA), Zafar Masud, along with their respective teams. The session focused on evaluating progress and outlining new initiatives […]
KARACHI – TPL Insurance Limited, a leading provider of comprehensive insurance solutions in Pakistan, has announced a strategic collaboration with Samba Bank Limited to introduce an innovative digital transaction insurance product. This pioneering solution aims to protect Samba Bank’s customers against a range of digital transaction risks, including account takeover, unauthorized transactions, social engineering scams, […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched the Islamic Capital Market Development Committee (ICMDC) to foster growth, innovation, and resilience in Pakistan’s Islamic capital markets. The inaugural meeting of the committee, chaired by Dr. Irum Saba, Associate Professor at IBA Karachi, brought together industry experts, Shariah scholars, market stakeholders, and representatives […]
Karachi, Pakistan — Telenor Microfinance Bank (TMB), the operator of Pakistan’s leading digital financial services platform, easypaisa, has received an equity investment of $10 million from its shareholders, Telenor Group and Ant Group. The investment comes as easypaisa gears up to launch its digital retail banking operations, subject to regulatory approvals, marking a major milestone […]