In a significant step towards technological advancement, Systems Limited and EVAM have officially signed a Memorandum of Understanding (MoU), marking the beginning of a new era of collaboration. This partnership aims to deliver cutting-edge solutions designed to enhance enterprise agility, operational efficiency, and sustainable growth across industries, with a special focus on the banking and […]
Dubai: Pakistani fintech startup Abhi has secured $15 million in credit financing, a round led by Shorooq Partners and Amplify Growth Partnership. This funding will enable the company to scale its operations and expand its Earned Wage Access (EWA) services across the UAE, targeting both blue-collar and white-collar workers. In an official statement released on Wednesday, Abhi shared that the […]
In a groundbreaking move to promote financial inclusion and boost support for smallholder farmers, Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a strategic partnership. This collaboration, the first of its kind in the agricultural sector, aims to integrate farmers into the formal financial system while providing them with crucial […]
Source: ProPakistani In response to the financial struggles faced by Pakistan’s salaried class, particularly frontline workers, Neem has launched Neem Paymenow, a Shariah-compliant Earned Wage Access (EWA) solution designed to provide timely financial relief. This innovative service aims to promote economic empowerment and ease the financial pressure experienced by salaried employees, particularly those in sectors […]
The State Bank of Pakistan (SBP) is expanding its groundbreaking RAAST payment system by onboarding the provincial chapters of Accountant Generals in Punjab, Balochistan, and Gilgit-Baltistan, according to the recently released “Annual Payment Review” by the central bank. The integration of these Accountant General offices into RAAST marks a significant step in the ongoing digital […]
KARACHI, October 15, 2024 — Standard Chartered Pakistan has entered into a strategic partnership with Gatronova Group, one of Pakistan’s leading conglomerates, by signing a Memorandum of Understanding (MoU). Through this collaboration, Standard Chartered will assume responsibility for Gatronova’s cash management and supplier financing requirements, offering tailored digital solutions to enhance operational efficiency and financial […]
ISLAMABAD, PAKISTAN (14 October 2024) — The Asian Development Bank (ADB) has announced the appointment of Xiaoqin (Emma) Fan as its new Country Director for Pakistan. Ms. Fan officially assumed her role today, joining the ADB’s Pakistan Resident Mission to oversee its operations in the country. In her new position, Ms. Fan will be responsible […]
ISLAMABAD, October 10, 2024 – FinVolution Group (NYSE: FINV), a leading fintech company, has officially launched its latest digital financial platform, Daira, in Pakistan. The launch, held in Islamabad on October 10, 2024, marks a pivotal step in the company’s global expansion strategy as it aims to deliver localized and secure digital financial services tailored […]
KARACHI – BankIslami Pakistan Limited has achieved a significant milestone by opening its 500th branch in Nankana Sahib, further strengthening its presence across the country. This achievement reflects the bank’s commitment to expanding its branch network while adhering to the principles of Islamic finance. In a statement, BankIslami emphasized that all of its branches nationwide […]
The State Bank of Pakistan (SBP) has introduced a new initiative, the Challenge Fund for SMEs (CFS), designed to support banks and financial technology providers (Fintechs) in developing and enhancing digital financial solutions. The initiative aims to address the financial needs of small and medium-sized enterprises (SMEs) by promoting innovation in banking products and services, […]