Committed to national prosperity, JS Bank has been recognized by the State Bank of Pakistan (SBP) for its leading role in driving home remittance. One of the largest foreign exchange contributors to the national exchequer, Home Remittance is a high priority area for the SBP and the banking sector with inflows jumping by 51 […]

Paymentology announces the expansion of its Middle East operation for the growth of digital banking in the region. Akshay Patel was recently appointed as General Manager for the Middle East, and with this current team based at the Dubai office and 24/7 contact center in Pakistan were added. “The Middle East is a market that […]

JS Bank, one of the fastest-growing financial institutions in Pakistan, recorded another milestone with its deposit base reaching the Rs 400 billion (approx. USD 2.3 Billion) mark. Acknowledged as one of Pakistan’s largest SME banks and mortgage providers offering diverse individual and institutional banking solutions. JS Bank has been recognized by the State Bank of […]

Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction flows between the UAE and the rest of the world. Through this partnership with Thunes, the Commercial Bank of Dubai will be able to cater to corridors such as India, Philippines, Pakistan, and Bangladesh providing customers […]

Mehedi Hasan, Founder & Group CEO at MyCash Online while conversing with Daily NewsPK explained how they are addressing the issues concerning financial inclusion among migrant workers in Asian markets and at the same time offering ease and security with their transactions. 1. What led you to create ‘MyCash Online’? When was it founded? In […]

To prepare and implement a roadmap to ensure sustainable market-led financing of housing projects and mortgages in order to promote the development of housing and construction industry in the country, the Governor State Bank of Pakistan, Dr. Reza Baqir, formed a Steering Committee on Housing and Construction Finance last week. The Committee constituted members including […]

Mastercard announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million if performance targets are met. The addition of […]

Visa Inc. (NYSE: V) today announced a digital tool to help U.S. financial institutions with their efforts to combat new account fraud – estimated at $10 billion a year – and give consumers greater peace of mind. Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with the application and identity-related data to generate a risk score […]

Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available to the Pakistani expatriates […]

HSBC launched today Hong Kong’s first remote business account opening solution targeting small and medium enterprises (SMEs). Business owners can now open an account anytime and anywhere, without having to schedule face-to-face or video meetings with the Bank or submitting physical documents and signature. The application process is completely digitized and paperless. The innovation builds […]