Digital financial Services
“Partnerships among industry players as well as across industries will constitute a key success factor as the digital age advances in Pakistan”, expressed Ali Sarfraz, CEO, Karandaaz during an exclusive Q&A session with Daily NewsPK while sharing his insights on the FinTech and start-up landscape in Pakistan and the impact of COVID-19 on it. 1. […]
GE has announced the appointment of Masroor Mahmud as its CEO for Pakistan. He is mandated by driving the company’s growth in the country and aligning business strategy across all GE sectors with the government’s vision for development. In addition, Masroor will focus on enhancing talent development, ensuring risk management, and building a strong GE […]
Webdnaworks (Pvt) Ltd (WPL) is the State Bank of Pakistan’s (SBP) licensed and regulated Payment System Operator (PSO) and Payment Service Provider (PSP). WPL has been granted this full commercial license for the installation of White Label ATMs across Pakistan. WPL plans to roll out 600 ATMs over the next two years, and are willing to […]
Telenor Microfinance Bank’s mobile banking platform, Easypaisa has been awarded by Global Finance Magazine as ‘The Innovators 2020’ in the field of Payments. The Easypaisa App has been recognized for consistent efforts in forging new paths and introducing distinct yet sophisticated tools to tackle modern issues in Finance. ‘The Innovators 2020’ is a platform that […]
Mobilink Microfinance Bank has recorded double-digit growth of 12% year-on-year in 2019 with a handsome increase in its values of assets, deposits, and loan portfolio. The bank’s profits increased to Rs. 920million in 2019 from Rs. 818 million in 2018, showing an increase of Rs. 102 million. The microfinance bank maintained the highest profit values […]
The Board of Directors of Meezan Bank in its meeting held on May 05, 2020, approved the financial statements of the Bank for the quarter ended on March 31, 2020. The meeting was presided by Mr. Riyadh S.A. A. Edrees – Chairman of the Board; Mr. Faisal A. A. A. Al – Nassar – Vice […]
The Universal Service Fund (USF) awarded a contract worth PKR 588 Million to Telenor Pakistan for providing hi-speed broadband in Sanghar Lot (Sindh). Federal Minister IT& Telecom, Syed Amin ul Haque inaugurated the Next Generation Broadband for Sustainable Development project in Sanghar (Districts of Sanghar and Umerkot) at a ceremony held at Ministry of IT […]
Fawad Abdul Kader, Head of Digital Financial Services – NiFT sheds light on the state of Pakistani financial landscape and how much potential it has.