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,…
Lahore, Pakistan – U Microfinance Bank, a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL), has announced a strategic partnership with Fri-Chicks, one of the fastest-growing fast-food chains in Pakistan. This collaboration aims to facilitate the rapid expansion of Fri-Chicks’ franchise network through the provision of working capital term loans, along with cash collection and…
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…
U Bank and EmployMate HR Services (SMC Pvt. Ltd.) have entered into a strategic partnership to provide comprehensive branchless banking solutions for payroll management, disbursals, and other financial services. The collaboration aims to enhance the efficiency and convenience of financial operations for EmployMate and its clients. The Memorandum of Understanding (MoU) was signed at a…
Karachi, June 27, 2024 – In a landmark move to revolutionize the branchless banking sector, U Bank has entered into a strategic partnership with Bulls & Bulls. This collaboration aims to deliver comprehensive and innovative branchless banking solutions designed to enhance service quality and operational capabilities. The partnership focuses on offering cutting-edge services such as…
U Bank and TCS Private Limited have announced a strategic partnership aimed at revolutionizing cash management services, employee banking, and digital payment solutions across TCS Cash Hubs. This collaboration is set to bring significant innovation and streamline services, enhancing customer convenience. The Memorandum of Understanding (MoU) was signed by Mr. Mohamed Essa Al Taheri, President…
Islamabad, Pakistan – May 13, 2024 In a groundbreaking move set to redefine the banking landscape in Pakistan, U Microfinance Bank (U Bank) and Raqami Islamic Digital Bank Ltd. (RIDBL) have announced a strategic interoperable partnership. This collaboration aims to provide branch banking services to RIDBL customers through U Bank’s extensive network, marking a significant…
U Microfinance Bank (U Bank) and IMARAT Group Forge Strategic Partnership for Tailored Banking Services U Microfinance Bank (U Bank) and IMARAT Group of Companies have announced a strategic collaboration aimed at providing customized branch and branchless banking services to IMARAT Group entities, including Graana and Agency21. The memorandum of understanding (MoU) was signed at…
Islamabad, Pakistan – May 2, 2024 In a landmark development aimed at fostering innovation and entrepreneurship in Pakistan, the National Science & Technology Park (NSTP) at the National University of Sciences and Technology (NUST) has forged a strategic collaboration with U Microfinance Bank (U Bank). This partnership aims to leverage NSTP’s flagship programmes, including the…
