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 […]

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 […]

Çağla GÜL ŞENKARDEŞ, CEO of MenaPay while in conversation with Daily NewsPK elaborated on how MenaPay is focusing on financial inclusion and has changed the dynamics of payment industry of the region using blockchain technology. 1. What led you to create ‘MenaPay’? When was it founded? MenaPay stands for connecting consumers with the digital economy […]

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 […]

Bank ABC entered a founding partnership with Bahrain Fintech Bay (BFB). This strategic alliance illustrates Bank ABC and Bahrain FinTech Bay‘s continued commitment to play a pivotal role in the development of the fintech ecosystem in the Kingdom of Bahrain and expedite its transformation into a cashless, digital economy. As part of the agreement, Bank […]

  HomesShopping.pk, one of the leading e-commerce players in Pakistan, has entered into a strategic partnership to enable overseas Pakistanis to buy goods in Pakistan by making payments in installments in their country of residence. This is a first of its kind globally – Buy Now, Pay Later propositions have to date only been available […]

In continuation of earlier relief measures on account of the COVID-19 crisis, K-Electric (KE) is facilitating small and medium enterprises (SMEs) through pre-paid electricity bills under the “Chota Karobar-o-Sannat Imadadi” package announced by the federal government. Under the package, eligible commercial customers with sanctioned load up to 5kW and industrial consumers with sanctioned load up […]

The State Bank of Pakistan, in a meeting of the Monetary Policy Committee (MPC) on Friday, reduced the policy rate by 100 basis points to 8 percent.’ This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent cut in domestic fuel prices. As a result, inflation could […]

The State Bank of Pakistan (SBP) has opened up its subsidized Temporary Economic Relief Facility (TERF)  for Balancing, Modernization and Replacement (BMR), and expansion of existing projects. This measure has been taken to provide further stimulus to the economy in the context of COVID‐19’s impact on the economy, to support investment in the country for […]

Reckitt Benckiser (RB), the Multinational producer of hygiene, health, and nutrition products including Dettol, Harpic, and Robin has pledged to invest another Rs500 million to help the country fight the CoVid-19 pandemic. According to WHO’s Director-General, Dr. Tedros Adhanom, without effective interventions there could be an estimated 200,000 cases by mid-July in Pakistan. The impact […]