Vietnam’s Tien Phong Commercial Joint Stock Bank has accelerated their digital transformation with Backbase, a digital-first banking platform, to transform the bank’s traditional products, services and core banking system.  Backbase drove the digitisation to enable TPBank to operate on a sustainable omnichannel digital platform that is scalable as the bank prepares for growth and expansion. […]

NMB Bank PLC has partnered with Mastercard  to roll out 1.5 million Mastercard branded prepaid and credit cards in Tanzania over the next five years.  This collaboration will strengthen domestic payment ecosystem and empower Tanzanian consumers with safe and secure electronic payments. The partnership between NMB Bank and Mastercard comes at a time when Tanzania’s […]

Mastercard announced a new partnership with HSBC to accelerate sustainable urban development. The partnership is built on HSBC’s extensive track record in developing financial products that support a more sustainable future.  City Possible, pioneered by Mastercard, is a new model of public-private partnerships that brings together a united private sector to work with cities and communities to solve […]

Mastercard has partnered with Zimswitch to enable the modernization of Zimbabwe’s payment infrastructure, using Mastercard’s technology, products and services. This partnership will support Zimbabwe’s vision of a modernized and interoperable payment system that supports inclusive economic growth and boosts the digital economy. Dr John Mangudya, Governor of the Reserve Bank of Zimbabwe, says: “We see […]

Telenor Microfinance Bank, the first scheduled microfinance bank of Pakistan and the operator of the country’s leading digital payments platform Easypaisa has received an investment of US$45 million from its shareholders Telenor Group and Ant Group Co., Ltd. (Ant Group). The investment by the shareholders has further strengthened the Bank’s capital position and placed the […]

Paymentology has announced the launch of its new global credit card processing solution, under the branding of Credit Works. Credit.Works aims to fill a key requirement in the Fintech and financial sector’s credit card processing space which Paymentology claims have lagged behind due to a lack of innovation. Credit.Works brings together the provision of highly […]

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 […]

HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance to further financial inclusion by leveraging digital technology. Under this agreement, HBL will provide investments in the form of technology, infrastructure, and capacity enhancement to the PPOD with the objective of enabling, technology-based and regulatory compliant digital, financial services in […]

“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 […]