Karandaaz Pakistan, with support from the Bill & Melinda Gates Foundation (BMGF) and the UK’s Foreign, Commonwealth and Development Office (FCDO), has launched the second round of its annual challenge titled ‘Karandaaz Financial Inclusion for Women Challenge’. Under this challenge, Karandaaz is inviting applications to support ideas that create financial products specifically directed at women […]

Earlier this week, RapidCompute, Pakistan’s largest local cloud service provider, announced the formal launch of its Cloud Services designed especially for the banking sector and financial institutions. The company has established dedicated data centers for banking operations with the highest level of security and compliance checks, keeping in mind all legal and policy requirements by […]

Matthew Gamser, CEO of the SME Finance Forum, discusses the important role SMEs play in a country’s economy and what should be done to better support and promote them. The SME Finance Forum is a global center for knowledge exchange and networking created by G20 countries to support help close the SME finance gap around […]

FSS (Financial Software and Systems), a global payments technology company, confirmed its expansion strategy for Canada in order to support the realization of the country’s payments infrastructure modernization plan set for roll out in 2021.  Payments Canada (the Government delegated payments association), Banks, and numerous financial, payments, and technology providers are unifying efforts to provide […]

Mobilink Microfinance Bank, the operator of Pakistan’s leading mobile banking solution ‘JazzCash’, bagged the ‘The Best Microfinance Bank (Digital) of the Year 2019’ award at the 17th Annual Excellence Awards organized by the CFA Society Pakistan. The Bank won the award on the criteria of profitability, efficiency, growth, and solvency with scores calculated on the […]

Vaulsys and RapidCompute signed an MoU to offer cloud-based security solutions to enhance the level of security, surveillance, and freedom to banks, FIs, and EMIs in Pakistan. The partnership supports the State Bank’s vision to further digitize the banking and payment industry and mandate organizations to implement a comprehensive AML and fraud management system. The […]

Icon Solutions has been selected by an Australian bank to review and industrialize its payments transformation strategy. Icon’s end-to-end payments advisory services will support this Australian bank in defining a future-focused IT roadmap to enable new customer experiences, increase agility and resilience, and reduce costs. “Transforming core architecture can be a daunting proposition,” says Tom […]

Visa has launched Visa Smarter Stand-in Processing (Smarter STIP) uses real-time artificial intelligence (AI) to help financial institutions manage transaction authorizations when service disruptions occur. Visa created the Smarter STIP capability to address a key pain point for issuers and issuer processors: the sub-optimal. experience for cardholders during service disruptions. Visa’s new Smarter STIP service […]

CaixaBank has launched the first credit card in Spain to be made from 100% recycled PVC from sources such as waste from the construction industry, plastic recycling bags or waste from other cards, among others.  Recycled plastic Visa & Pay is another step towards the introduction of recycled materials across the entire range of CaixaBank […]

National Institutional Facilitation Technologies – Pakistan (NIFT) and Checkout.com sign a Memorandum of Understanding (MoU) for collaboration between both entities, bringing greater payment optionality to the Pakistan market. The agreement enables both organizations to provide payment services through each other’s infrastructure, pursue commercial opportunities as a partnership. This strives towards a borderless experience for business […]