Bank of America has launched a new solution, which enables companies with frequent payments to consumers to provide their beneficiaries with the ability to choose how they want to be paid. Called Recipient Select, the solution addresses complexities that companies grapple with related to the growth of business-to-consumer payments, including the proliferation of consumer payment […]

Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has won the prestigious Retail Banker International (RBI) Asia Trailblazer Award 2021 for being the ‘Best Retail Bank in Pakistan’, along with an honorable mention of “Highly Commended” for its House Loan in the Best Loan Offering category. Organized in collaboration with Arena International, UK, Middle […]

Backbase has entered into a long-term collaboration with Raiffeisen Switzerland. As part of its 2025 strategy, Raiffeisen aims to consistently evolve from a product provider to a solution provider, which is the reason for its work with Backbase. The objective is to develop the digital interface between the bank and its customers while moving further […]

Finxact, the provider of the next-gen core banking platform to the US regional and super-regional banking sector hasannounced that Feedzai, the leading cloud-based financial risk management platform, has joined its Marketplace of best-in-class solutions. The collaboration will couple next-gen core capabilities and real-time core transaction data with the speed and scale of Feedzai’s financial risk […]

HBL has launched WhatsApp Banking for its customers, enabling them to avail select banking services through the platform. The service is powered by E Ocean, a leading Cloud Communications provider. HBL WhatsApp Banking solution seamlessly facilitates one-to-one conversations with customers and responds to queries in real-time in a secure way. Customers can simply send a […]

Pakistan’s premier financial institution, Bank Alfalah, has introduced a simple, secure, and innovative online payment gateway to facilitate the acceptance of online payment transactions for a variety of e-commerce needs. Alfa Payment Gateway’s offers key benefits like Instant Digital On-boarding No Set-up Cost or Annual Fee Lowest per Transaction Charges Multiple Payment Modes – All […]

Pentadata has announced a partnership with Finicity, a leading provider of open banking solutions. Finicity, acquired by Mastercard in 2020, is working closely with Pentadata to help developers create apps that deliver value-added services to merchants and consumers through payment card data. Consumers can now provide permission access to their data so they can make […]

The Asian Development Bank’s Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with Dubai Islamic Bank Pakistan Limited  to support trade in Pakistan. ADB will provide guarantees to help DIBPL expand its trade finance business in Pakistan. TSCFP has been operating in the country since 2008. The addition of DIBPL increases TSCFP’s Pakistan partner banks to 13 […]

PayPal has partnered with Anti-Defamation League to fight extremism and hate through the financial industry and across at-risk communities. This is the latest effort by PayPal in combating racism, hate and extremism across its platforms and the industry. The initiative with PayPal will be led through ADL’s Center on Extremism, a leading authority on extremism, terrorism and […]

Thunes has announced a partnership with ABA Bank that enables Cambodians overseas to send money back home quicker and cheaper from around the world. Previously, customers making international money transfers to Cambodia had to pay high fees averaging close to 12% on a US$200 transfer[ and wait several days for the funds to reach their recipient. Now, powered by Thunes’ last-mile […]