Sberbank announced the launch of SberPay, which is a new system for payment services, it allows customers to pay for purchases online and offline (in outlets with Sberbank POS terminals).  The service is available for owners of any NFC-enabled Android smartphones. During phase one, offline payments can be made with Visa cards; cards of other […]

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 […]

Codebase Technologies, a leading Global Open API Banking solutions provider at the forefront of enabling banks and financial institutions (both conventional and Islamic), as well as, the emerging FinTech ecosystem to demystify digital financial services, has successfully upgraded the existing Pool Management system deployed at National Bank of Pakistan. The Islamic banking industry in Pakistan […]

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 […]

A Global Banking software provider was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic Sales League Table (SLT) 2020. For the eighth year in a row, Path Solutions was recognized as the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 than any of […]

Sadapay, a leading player in the digital financial services arena in Pakistan, Sadapay announced to appoint Jon Sheppard as its Chief Technology Officer (CTO). Jon previously served as CTO Financial Services at Gojek, a $9.5 billion tech company with over 120 million users on their platform. The Indonesian super app has been revolutionizing digital banking […]

Oxbury, UK’s bank for farming and food and latest SME-focussed fintech, has selected ClearBank cloud-based banking platform as its provider for clearing and payments.  Oxbury was granted a banking license in early 2020 and is planning on offering bespoke lending products aimed at an agricultural audience. Its first flagship product is called Oxbury Farm Credit, […]

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 […]

As the Government of Pakistan continues to assist beneficiaries across the country under the Ehsaas Emergency Cash Disbursement Programme 2020, Bank Alfalah has introduced an innovative solution to cater to beneficiaries whose biometric verification is not possible for multiple reasons, thus ensuring support for such beneficiaries for cash withdrawal from their account. Many beneficiaries of […]

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 […]