announced
To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GOP), State Bank of Pakistan (SBP) has decided to set a mandatory target for banks to extend mortgage loans and financing for developers and builders. Banks will be required to increase their housing and construction of building […]
National Australia Bank and Microsoft announced a new five-year strategic partnership to co-design, develop, and invest in NAB and BNZ’s multi-cloud technology. As part of the partnership NAB Group and Microsoft will share development costs and resourcing investment to architect a multi-cloud ecosystem, the enterprises will endeavor to shift 1000 of the bank’s applications to the […]
Mastercard announced today a new partnership agreement with Singapore-based tonik, a two-year-old startup that recently received a bank license in the Philippines. Mastercard will enable tonik to issue a range of electronic payments products that tap into Mastercard’s global network and extensive business intelligence when tonik launches operationally in the Philippines, later this year. tonik […]
Sberbank announced the launch of SberPay, which is a new system for payment services, it allows customers to pay for purchases online and offline (in outlets with Sberbank POS terminals). The service is available for owners of any NFC-enabled Android smartphones. During phase one, offline payments can be made with Visa cards; cards of other […]
Barclaycard announced it had extended its partnership with SAP to include payment gateway access. Smartpay will be available to SAP customers across Europe. Marc Pettican, President, Barclaycard Payments, said: “This expansion of our partnership with SAP opens up big opportunities not only for us but also for the many businesses that use the SAP Commerce Cloud […]
Opera Limited has announced an agreement to acquire AB Fjord Bank, a full-digital consumer finance bank. the acquisition will enable it to accelerate its fintech operations in Europe by launching new, disruptive services aimed at improving consumers’ personal finances. Opera has already ventured into fintech in Europe with the acquisition of the Estonian fintech company […]
Bank Alfalah Islamic and the Institute of Business Administration have announced the Alfalah Islamic Scholarship Program to provide financial assistance for five fresh undergraduate students for their entire first year. The MoU for this initiative was signed by Mr. Atif Bajwa, CEO and President of Bank Alfalah and Dr. S Akbar Zaidi, Executive Director IBA, […]
Microsoft announced a set of new features in Microsoft Teams that make virtual interactions more natural, more engaging, and ultimately, more human. These features offer three key benefits for people at work and in education. First, they help the users feel more connected with their team and reduce meeting fatigue. Second, they make meetings […]
SadaPay today announced the appointment of Tayseer Ali as Chief Financial Officer. He was most recently serving as the CFO of Mobilink Microfinance Bank, the bank behind the 20 million mobile wallet accounts of JazzCash. Prior to his tenure at Mobilink, Tayseer served as the CFO of Pak China Investment Company under Chairmanship of Dr. […]
A Global Banking software provider was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic Sales League Table (SLT) 2020. For the eighth year in a row, Path Solutions was recognized as the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 than any of […]