The new project will be deployed on Oracle Cloud Infrastructure for high-performance computing power to run the bank’s IT workloads while providing real-time elasticity. Amana Bank, a leading Islamic bank in Somalia announced that it has selected iMAL, the AAOIFI-certified core banking platform from Path Solutions to replace its legacy IT system and deploy a single, cloud-based […]

The online Payment provider giant Stripe, founded by the Limerick brothers John and Patrick Collison, has launched in five new European countries. Stripe has launched in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta, taking its total to 39 countries worldwide, 29 of which are in Europe. “Stripe is in 39 countries now, 29 of […]

Bookme Tickets Pvt Ltd (Bookme.pk) and 1LINK (Pvt) Limited (1LINK) have partnered for 1LINK – 1BILL aggregation services to simplify digital payments for Bookme.pk’s 4.5 Mln customers across Pakistan. This partnership aims to cater to the growing consumer demand for convenient and cost-effective digital payment options. This strategic partnership will further drive the digital payments […]

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of a campaign offering free international transfers for all individual customers during the ongoing COVID-19 situation. As part of the campaign which runs until 11 August 2020, customers can transfer funds to more than 150 countries in over 30 […]

“The incumbents will of course pull through, but will become even more risk-averse. They may innovate slightly to accept life post-COVID, but not as much as FinTechs”, expressed Akmal Saleem, Co-Founder and CEO, Getrizq – UK, while discussing the landscape of financial sector and digital banking during an exclusive Q&A session with Daily NewsPK under […]

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 […]

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 […]

Karandaaz Pakistanis providing financing to Excel Labs to initiate COVID-19 testing. With this funding, Excel Labs is building its capacity to carry out an estimated 500 tests daily and more than 10,000 tests a month. This emergency response will help the country build a critical testing capacity to test, track, and control the spread of […]

Telenor Pakistan has partnered with Google in order to train and upskill small and medium enterprises (SMEs) to help them survive during the crisis and minimize the impact of an ongoing pandemic on their operations.  The online skills training will be conducted as a series of webinars under ‘Going Online with Google’ initiative and Telenor […]

UPaisa customers can now donate to Prime Minister’s Corona Relief Fund and Shaukat Khanum with convenience through UPaisa’s fund’s transfer facility. Donations can be sent to multiple organizations that are working for the relief of daily wage workers and other deserving households by simply dialing *786#. Customers can select the “donation” option after which they […]