Karachi, 3rd December 2024 — MCB Bank Limited (MCB), one of Pakistan’s leading banks, has selected BPC, a global leader in payment solutions, to strengthen the security of its digital channels by implementing the BPC SmartVista Fraud Risk Management Solution. The agreement was signed by Mr. Waqas Mahmood, Chief Compliance Officer MCB, and Mr. Furrukh […]
China has witnessed a transformative leap in payment systems with the launch of Weixin Palm Payment, a cutting-edge hand-scanning technology developed by Tencent. This innovative solution simplifies daily transactions, allowing commuters to access subways and employees to enter office buildings with a quick palm scan. Introduced in May 2023 and officially launched in September, the system […]
The Board of Directors of United Bank Limited (UBL) [PSX: UBL], in its 252nd meeting held on Monday, approved the amalgamation of Silkbank Limited (SBL) with and into UBL through a share swap arrangement. The merger, undertaken in accordance with Section 48 of the Banking Companies Ordinance, 1962, aims to streamline operations and enhance value […]
Last year, Usama Sheikh, a visionary in digital transformation, successfully led the launch of BankIslami’s Foreign Currency (FCY) Debit Card, a groundbreaking product that achieved immense success. He’s reached another significant milestone by launching the Biometric Verification Application for Nadra Verification. This state-of-the-art solution enhances security, streamlines customer verification processes, and reflects the bank’s commitment […]
Karachi, November 29, 2024: The 9th Pakistan Banking Awards ceremony, held at a local hotel in Karachi, brought together senior executives and prominent figures from Pakistan’s banking and finance industry. The event was graced by the Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, who served as the Chief Guest. In his address, […]
Dubai, UAE – December 2, 2024: U Microfinance Bank (U Bank) has been recognized as the Best Microfinance Bank for Islamic Retail Banking Offerings in Pakistan at the prestigious 10th Islamic Retail Banking Awards (IRBA) hosted by Cambridge IFA. The award was received by Mr. Asim Anwar, Chief Business and Digital Officer at U Bank, […]
Islamabad – Zarai Taraqiati Bank Limited (ZTBL) has announced a strategic partnership with Wateen to establish a state-of-the-art Security Operations Centre (SOC). This initiative aims to safeguard ZTBL’s critical digital infrastructure and enhance the security of data belonging to over half a million customers. The agreement was signed on Friday by Tahir Yaqoob Bhatti, President […]
London, UK — November 28, 2024 Dr. Muhammad Amjad Saqib, the visionary founder of Akhuwat and a renowned Pakistani social entrepreneur, has been awarded the prestigious Brain of the Year Award 2025 by The Brain Trust. The announcement was made during an exclusive ceremony held at the British House of Commons, where Raymond Keene OBE, […]
The State Bank of Pakistan (SBP) has issued a directive requiring banks and financial institutions to integrate the RAAST payment system into e-commerce platforms and online shopping stores by March 31, 2025. The initiative aims to accelerate the digitization of merchant and business transactions across Pakistan. According to the SBP circular, banks must ensure that […]
Karachi, Pakistan – November 29, 2024 United Bank Limited (UBL), one of Pakistan’s leading financial institutions, has entered into a strategic partnership with KTrade Securities to make stock investing more accessible and seamless for its customers. This collaboration marks a significant step towards financial empowerment and fostering investment opportunities in the country. The partnership was […]