QNB Group, the largest financial institution in the Middle East and Africa, becomes the first bank in Sudan to have successfully performed an international payment card transaction in partnership with Mastercard, a global technology company in the payments industry. The transaction was performed using a Mastercard virtual prepaid card product. QNB is also the first […]

    DBS announced plans to transform a patch of outdoor space at its DBS Asia Hub building in Changi Business Park into what is believed to be Singapore’s first community farm located in a bank. In doing so, the bank hopes to create accessible, hands-on farming opportunities at the workplace and help nurture a […]

Wirecard, the global innovation leader for digital financial technology, is collaborating with Bulgarian Fintech Payhawk to launch a new Visa corporate card to provide companies with an easy solution to manage corporate expenses. Payhawk will benefit from Wirecard’s tailor-made corporate expense card solution including end-to-end card infrastructure as well as Wirecard’s expertise in the payment […]

Tonik Financial Pte Ltd (“tonik”) announced today that it closed a $21M round of Series A equity funding. The round was led by blue-chip VC investors Sequoia India and Point72 Ventures, with significant participation from previous VC investors Insignia and Credence. tonik will use the funding to launch its digital bank in the Philippines, targeting […]

Karachi, June 12th, 2020: Growing from strength to strength, JS Bank reported profit before tax of PKR 628.5 million for the quarter ended March 31, 2020, as compared to profit before tax of PKR 54.7 million over the corresponding period last year, an incredible 1000% increase. Profitability showed a marked increase primarily due to markup […]

Strengthening its commitment to supporting the Pakistani government during the COVID-19 crisis, Bank Alfalah has joined forces with Mastercard and National Bank of Pakistan (NBP) to provide a safe online donation portal to support those in need during the pandemic. Through the platform, people can now securely donate to Prime Minister Imran Khan’s COVID-19 Pandemic […]

In order to improve utilization of Risk Sharing Facility under SBP ROZGAR scheme, Governor SBP, Dr. Reza Baqir, held an online meeting with the Presidents of Chambers of Commerce and Industries of the 15 regions where SBP(BSC) offices are located. At the outset, the Governor highlighted that facilitation of the business community is a priority […]

Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch (both stable), successfully closed a USD 1 billion long 5-year Sukuk with a profit rate of 2.95% per annum, which is equivalent to 245bps over the equivalent tenor Mid Swap Rate. DIB’s $1 billion Sukuk is a landmark transaction as it is […]

Meezan Bank, Pakistan’s first and largest Islamic bank has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs. 200 billion by Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy and Government of Pakistan. The milestone transaction, powered by the […]

Nium, a global financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa’s Fintech Fast Track program. With this license, Nium is able to provide end-to-end issuing, processing, and onboarding services, and shorten the lead time for Visa card issuance to just four to six weeks. Nium plans […]