Pakistan’s Safepay was announced as one of the winners in the Visa Everywhere Initiative – a global innovation program and competition for startups and fintech companies  – held for Central and Eastern Europe, the Middle East and Africa (CEMEA) on June 9. With the most votes from the audience, Safepay from Pakistan won the Audience […]

REDRETAIL (JV of REDtone Group & iDMission LLC) and 1LINK recently signed an agreement to enable bill payments across retail stores in Pakistan. By virtue of the agreement, REDRETAIL will be assuming the role of bill initiator using 1LINK’s Bill Payment Service (BPS) which is host to over 1,000 billers and enables entities to collect […]

Mastercard  has completed its acquisition of Ekata, a leading provider of identity verification services that help businesses make more informed decisions during online account opening, payments and a variety of other digital interactions. Ekata’s identity verification data, machine learning technology and global experience will add to Mastercard’s fraud prevention and digital identity programs. The combined […]

SEON has announced its partnership with IDVerifact. Recognising the increasing surge in fraud and digital identity theft, IDVerifact sought to strengthen its capabilities by partnering with SEON to extend its comprehensive suite of solutions. As part of the agreement, IDVerifact will integrate SEON’s cloud-based machine learning platform, Intelligence Tool, into the IDVerifact platform to provide […]

JS Bank has launched “JS Digi Cheque”, the first of its kind digital cheque service in Pakistan. The service allows users of the JS Bank Mobile App to send e-cheques instantly removing the need for provision of physical cheques. As part of strategy of digital innovation and a dedicated focus on customer convenience, JS Bank […]

Trip.com has signed a long-term technology agreement to accelerate Trip.com’s flight search to power recovery and global expansion, through Amadeus Custom Search Solutions. Trip.com will adopt the  Amadeus Custom Search solution, powered by Amadeus cloud technology, as part of its own boutique shopping engine to fuel these ambitions and deliver an exceptional customer experience. By […]

Mastercard signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country’s payment ecosystem. The partnership first aims to build a payment ecosystem, starting with the education sector, and expanding into other sectors. This will not only reduce the use of cash, promote the use of digital payments, and increase government […]

Circle has announced that Signature Bank will become their leading financial institution to hold billions of dollars in reserve deposits related to USD Coin (USDC), the fastest growing digital dollar in the world. The two companies also committed to a long-term roadmap that will kick off with the integration of Circle into SignetTM, the Bank’s groundbreaking, blockchain-based, […]

DBS has added a new feature on DBS’ AI-powered financial and retirement planning tool NAV Planner, which will provide specific investment recommendations that are tailored to their investment profile. As customers increasingly take a self-directed approach to investing digitally only two in 10 retail customers took action to invest over the past 12 months. The […]

  Travelex has partnered with advanced global payments platform Nium to extend digital remittance services to their users. Presently live live in Australia and Singapore, the digital remittance offering will be serviced by Nium’s global payment rails and real-time payment capabilities, enabling Travelex users to remit money to more than 50 markets across the world almost instantly.The service will be […]