Oraan, a trailblazing fintech startup committed to enhancing financial inclusion and security, is excited to announce a strategic partnership with State Life Insurance Corporation of Pakistan (SLIC), the nation’s largest and leading life and health insurance provider. This collaboration aims to bring forth a pioneering cancer protection plan, Sinf-e-Aahan, exclusively tailored for women, providing crucial […]

Telenor Microfinance Bank, the operator of Pakistan’s leading digital financial services platform, easypaisa, has received In-Principle Approval (IPA) for Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP) under the Licensing and Regulatory Framework for Digital Banks. This remarkable achievement positions TMB as a digital bank poised to offer a wide array […]

Standard Chartered Bank Pakistan announced the strengthening of its Digital Banking Solution at a press conference today. This full-fledged client-centric solution will enable the Bank’s clients to enjoy the benefits of 24X7 banking convenience and most of all, experience unparalleled financial services in the digital age. It has been developed leveraging global expertise and best […]

Dubai-headquartered Mashreq will soon launch digital banking operations in Pakistan, after going through a ‘successful incorporation’. “This marks a significant milestone in Mashreq’s strategic expansion and underlines its commitment to driving digitization and financial inclusion in high-growth markets,” the bank said in a statement. A delegation from Mashreq, including senior members of the executive committee, […]

Paymentology, the leading global issuer-processor, announces an expanded partnership with Mastercard to bolster financial inclusion across Guatemala, Honduras, and El Salvador.  According to a recent Mastercard and Americas Market Intelligence (AMI) study, while most Latin Americans gained access to basic financial products between 2020 and 2023, 21% still rely exclusively on cash and are still excluded. […]

Zindigi, powered by JS Bank, in collaboration with Mastercard, is set to revolutionize the mass transit system in Karachi. This transformative partnership aims to enhance public transport accessibility, convenience, and financial inclusion for the city’s residents. Zindigi will launch a state-of-the-art digital payment system, driven by cutting-edge technology. In the initial phase, over 1 million […]

A fintech company based out of Karachi, Swich, has won the Pakistan Innovation Hub Award which led to a grant of PKR 20 million, under the Ministry of Planning. Presenting its innovative idea at the Pakistan Innovation Hub, Swich showcased its solution aimed at creating a digital Pakistan, fostering financial inclusion, and addressing critical macroeconomic […]

TerraPay, a leading global payments infrastructure company announced its partnership with Safaricom, Kenya’s leading telecommunications, IT, and financial services provider. Together, both companies will usher in the benefits of financial inclusion by facilitating instant borderless payments. The partnership, through TerraPay’s group company Mobex (Kenya), a licensed money remittance provider, will enable more than 30 million […]

Standard Chartered, in partnership with INNOVentures Global (Pvt.) Ltd., announces the launch of the 5th cohort of its Women in Tech (WiT) programme in Pakistan. A flagship programme of Futuremakers by Standard Chartered, the bank’s global initiative to tackle inequality and promote economic inclusion, WiT is designed to help address gender disparity in entrepreneurship. Through this programme, the […]

PayFast, a fully licensed payment gateway, and United Bank Limited (UBL), one of Pakistan’s largest commercial banks, have entered into a strategic partnership to revolutionize the digital payments landscape in Pakistan. Under this partnership, UBL will serve as one of PayFast’s Partner banks. By partnering with UBL, PayFast aims to facilitate Pakistani businesses to easily […]