Huawei released its 2020 Annual Report. Growth slowed, but the company’s business performance was largely in line with the forecast. Huawei’s sales revenue in 2020 rounded off at approximately US$136.7 billion, up 3.8% year-on-year, and its net profit reached US$9.9 billion, up 3.2% year-on-year. Despite operational difficulties brought about by US sanctions in 2019 and […]

METRO Pakistan in collaboration with the Federal Bureau of Revenue (FBR), has completed integration of all its Point of Sales (POS) with the latest Electronic Device System (EDS) introduced by the FBR. The state-of-the-art system will allow the small retailers, medium retailers, and large tier-1 retailers to report and record their sales in real-time for […]

Finastra has announced the availability of NetGuardians’ Payment Fraud Prevention app on its FusionFabric.cloud open development platform. The app uses artificial intelligence to proactively detect fraudulent payments in real-time and reduce fraud losses. NetGuardians’ operational experience shows that compared with traditional anti-fraud offerings the software reduces the number of false positives by up to 83 percent, resulting […]

Ipsidy has entered into an agreement with Wipro Limited to help enterprise customers combat identity fraud and to deliver seamless FIDO2 compliant Passwordless login tied to a proven identity. Under the agreement, Wipro will team with Ipsidy to offer innovative identity solutions to address the expanding demand for building trust and identity certainty in today’s […]

ECS Fin has become a Nacha Preferred Partner for corporate remittance and data routing. ECS joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network. ECS Fin specializes in designing and developing software solutions that help banks, corporates and others optimize transaction processing. […]

“The need and demand for our tools have increased, and we are working on expanding our product portfolio”, said Asma Khan, Country Manager – Pakistan at Infobip, during an exclusive Q&A session with our Editor in Chief on the impact of COVID-19 on the overall economic landscape and digital service industry. 1. How is COVID-19 […]

To upscale the pace of digital transactions and provide convenience, UPaisa has further facilitated its customers by completely removing the charges on all transactions using mobile wallet accounts. As the nation approaches Eid amid Coronavirus crises, the move will prove extremely convenient for the users to transfer money safely from the comfort of their home.  […]

Omer Bin Ahsan, Chief Executive Officer, Haball shared his insights on impact of pandemic out-break on digital financial services in Pakistan with our editor in Chief during an exclusive Q&A session on COVID-19. 1. How do you think the financial industry change post COVID-19? They will read the writing on the wall on their insourced […]

“Our customers have always been our highest priority, but even more so during these unprecedented times”, mentioned Mohsin A. Qureshi, Chief Operating Officer at Cheetay, while expressing his point of view on the impact of COVID-19 outbreak on e-commerce landscape in Pakistan during an exclusive Q&A session with Daily NewsPK. 1. How do you see […]

“When COVID-19 took hold, necessity dictated that all organizations move to digital. Hence, to ensure safety, all communication is now done online with new ways to collaborate and innovate”, said Najeeb Agrawalla, Chief Executive Officer at 1LINK in an exclusive Q&A session with Daily NewsPK while sharing his insights about the current scenario of the economy and […]