Qist Bazaar Private Limited, a fintech startup backed by Bank Alfalah has achieved a remarkable and groundbreaking milestone of being officially recognized by the Securities and Exchange Commission of Pakistan (SECP) as a ‘Shariah-Compliant Company,’ marking Qist Bazaar as the pioneering Buy Now Pay Later (BNPL) startup in Pakistan to attain such certification. This significant […]

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, […]

Wavetec, a leading technology company, has been appointed as the Channel Partner in Pakistan of NCR, a top provider of banking & self-service solutions globally. With a legacy of over three decades in delivering innovative solutions to major financial institutions worldwide, Wavetec is poised to provide best-in-class services and solutions in Pakistan through this strategic […]

HugoBank, Pakistan’s latest digital bank led by a Singapore Consortium, today announced the proposed appointment of Atyab Tahir as Chief Executive Officer, subject to the State Bank of Pakistan’s fit and proper assessment. Following the company’s incorporation, Atyab will set up and lead HugoBank in Pakistan to offer digital banking services to people and small […]

Mobilink Microfinance Bank Limited (MMBL), the largest digital bank in Pakistan, has partnered with foodpanda HomeChefs, the nation’s leading platform for home-based restaurants, and AdalFi, a Techlogix subsidiary focused on digital financing, to initiate short-term micro-financing solutions for household chefs. Being a first-of-its-kind initiative, this strategic alliance will offer weekly loans of up to PKR […]

Path Solutions, the global Islamic banking software company,announced that Kuwait Finance House (“KFH”), Kuwait’s Islamic banking pioneer has successfully completed the upgrade of its fully automated STP Islamic Treasury solution to the new Path Solutions’ Java-based platform iMAL R14.1, as of 21st February. KFH is considered a pioneer in the banking phenomenon known as Islamic […]

Zink Pay chooses Codebase technologies, a leading global Open API Banking solutions provider, to power their payments processing systems. The partnership builds on the strengths of each company to offer global customers enhanced payment experiences across their lifecycle. Zink Pay’s concept sought to simplify how billers reconcile their balances while allowing payers more flexibility over […]

As the new year brings with it hope for better times to come, Telenor Microfinance Bank has taken it as an opportunity to further strengthen its ambition to enable a truly digital Pakistan. The Bank remains steadfast on a mission to transform Pakistan into a cashless and financially inclusive society through the power of collaboration […]

  “Customers would be right in withdrawing trust, had we shut down and not helped them in this time and just managed our own risk”, expressed Kabeer Naqvi, President, and Chief Executive Officer at U Microfinance Bank Limited, during an exclusive Q&A session with our editor in Chief on the impact of COVID-19 on the […]