Fiserv has announced the launch of conversational banking capability enabling financial institutions to engage with consumers in new ways. The solution relies on natural language to speak the way customers want and to enable a range of digital banking experiences. Offering an AI-based capability that is aligned with evolving consumer expectations plays a vital role in […]

UnionPay International announces its partnership with MiFinity. There are 22 overseas institutions that support UnionPay card cross border remittance services, covering 45 countries and regions including Japan, Singapore, the UK, and Russia. Since the outbreak of COVID 19, there is an increasingly need for overseas Chinese to remit to their relatives due to travel and […]

  “The situation has challenged the existing financial practices and has brought in new opportunities as well”, said Yasum Mirza, Chief Business Officer at Access Group (DigitalPass), during an exclusive Q&A session with our Editor in Chief on the impact of COVID-19 in their business and on the financial sector in Pakistan. 1. How do […]

Mastercard announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million if performance targets are met. The addition of […]

Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available to the Pakistani expatriates […]

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 […]

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 […]

Karandaaz Pakistan, with financial support from the UK’s Department for International Development (DFID), is helping the Securities Exchange Commission of Pakistan (SECP) digitalize its key operations. In the first phase of this process, a digital Secured Transactions Registry (STR), governed by The Financial Institutions (Secured Transactions) Act, 2016 has been launched. The STR is an […]

“As part of our focused  campaign on Askari Digital, our objective is not only on enhancing digital channel utilisation, but we are also working on creating the necessary awareness regarding these mediums to hand hold our customers during this paradigm shift”, said Asim Bashir, Country Head – Digital Banking at Askari Bank Limited, while discussing the landscape of […]