OPPO today unveiled its most anticipated smartphone, Find X2 Pro that delivers an all-round powerful camera experience and battery life, with one of the most advanced screens in the industry. With a customized Sony sensor IMX689, the Find X2 Pro brings users upgraded all-round photography and video experience that transforms the way we capture life’s […]

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 […]

Mastercard announced the extension of its partnership with Facebook to offer a new and innovative way for Brazilians to send and receive money from friends and family on the WhatsApp application. Mastercard cardholders banking with Nubank and Sicredi are among the first in Brazil to experience payments on WhatsApp. Additional banking partners are expected to […]

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 […]

As part of its ongoing efforts to support UAE businesses during the ongoing COVID-19 situation, Emirates Islamic, one of the leading Islamic financial institutions in the UAE, is offering Business Banking debit cards free of charge to eligible SME clients. Emirates Islamic’s Business Banking debit card offers an alternative channel to customers seeking access to […]

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 […]

The Regulatory Sandbox of SECP – a technology-driven initiative – received a positive response from a wide range of innovators including well-established entities, foreign companies, and start-ups. These entities submitted their proposed solutions and business models in the areas of Insurance, Non-Banking Finance Sector, and Capital Markets. SECP received a total of 32 applications in […]

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 […]