PayMaya has launched its latest mobile payment innovation which allows merchants to easily and quickly receive QR and online payments from their customers. The new PayMaya Negosyo app enables MSMEs (micro, small and medium enterprises) to easily accept QR and other forms of digital payments using their smartphones even if they don’t have an […]

NEC Payments B.S.C. (NECP), a regional leader in Banking-as-a-Service solutions has partnered with STC Bahrain to provide a bank-grade digital account solution and integrated virtual prepaid Mastercard to enhance the STC Pay mobile payment solution. Migrating to the NECP platform provides STC Bahrain with the opportunity to improve the performance, reliance, and extensibility of its […]

Dubai-based fintech startup Jingle Pay is bringing neo banking to the Middle East, starting with its home turf of the UAE. The neobank has been formulated in response to what digitally-native Gen Z and millennial audiences want from banking – such as responsive services, extremely low transfer fees, transparency, and no restrictions such as minimum […]

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 […]

“Customer behaviour has definitely been altered, and while there will be a resurgence of physical interaction, we believe that there’s been a permanent shift in the acceptance of e-commerce”, commented Mohammad Ali Yusuf (Mo), Vice President, Checkout.com – UK, while representing his organisation during an exclusive Q&A interview session with Daily NewsPK on the impact […]

“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. […]

The State Bank of Pakistan, in a meeting of the Monetary Policy Committee (MPC) on Friday, reduced the policy rate by 100 basis points to 8 percent.’ This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent cut in domestic fuel prices. As a result, inflation could […]

“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 […]

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 […]