UBL Digital recently signed a strategic agreement with NIFT to enable digital payments (mobile/e-commerce) via ‘NIFT ePay.’ This partnership will allow UBL Branch and OMNI customers to conduct secure e-commerce transactions directly through their accounts. UBL’s customers will now be able to make online purchases on UBL and NIFT enabled e-Commerce merchants, thereby providing end-user […]

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced it signed an agreement to launch its leading international money transfer capabilities on Pay+, a mobile wallet powered by Ooredoo Oman and the National Bank of Oman (NBO). Pay+ is a first-to-market development that will empower consumers in Oman to […]

Nearly eight in ten merchants (79%) of small businesses in Pakistan that were surveyed believe digital payments is an important investment in their business recovery, according to a new study by Visa (NYSE: V), the world leader in digital payments. Two in three small businesses (63%) surveyed say they feel optimistic about a business recovery […]

  BrightFi has selected i2c solutions to help provide low-cost, feature-rich, mobile financial services to underbanked and unbanked consumers, as well as to organizations and financial institutions aiming to serve the historically overlooked market segment. By creating a technology stack designed to reduce operational costs, BrightFi delivers a subscription-based, 100% digital banking experience to the communities […]

JazzCash, Pakistan’s leading fintech, has collaborated with Haball, a supplier payment digitization company as its partner to help in digitizing supply chain payments. With this partnership, JazzCash and Haball aim to empower retailers and suppliers to transition from manual cash handling to digital payments, boosting the supply chain efficiency as a result. This partnership strives […]

Zong 4G, Pakistan’s leading cellular and digital services provider, is now offering exciting new resources on Online Recharge through the My Zong App (MZA). Over an online recharge of PKR 500 and more, users will get free minutes, data, and more. Zong has recently upgraded the popular app to allow users to do more in […]

Facebook hosted a virtual event for Pakistani businesses to share insights and key findings regarding Ramadan shopper behavior and trends, as these businesses initiate the planning of their respective campaigns. These insights were shared from a report Facebook commissioned from YouGov, to help advertisers gain a better understanding of their target audience.  The event consisted of […]

Exporters of goods and services, including IT-based services, are allowed to retain a certain portion of their export proceeds in their Special Foreign Currency Accounts. The fund from these accounts, however, could be utilized for specified purposes only.  Over time the types of payments that exporters need to make have increased as exports are becoming […]

In order to promote digital payments, SBP has been taking steps to make them more secure, introducing new features and promoting their use.  In consultation with the industry and other stakeholders, SBP has taken more steps to make digital transactions and card payments more secure and easier.  Now the consumers will only have Europay MasterCard […]

Mastercard and Razorpay have launched a strategic partnership to drive digital payments acceptance by small businesses and startups in India. The partnership will empower Indian micro, small and medium enterprises (MSMEs) in digitizing their operations, maintaining business continuity in the challenging environment, and preparing for the future beyond cash. Now more than ever, SMEs and […]