Newt Corporation  an integrated platform for digital financial services, has announced that it has entered into an agreement with Element Bank to issue branded credit and debit cards in conjunction with Newt’s upcoming lending program. Under the terms of the Agreement, Newt’s subsidiary jointly with Element Bank will issue branded credit and debit cards to […]

Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below its potential due to limited access to quality and affordable financial services. Women’s financial inclusion has emerged as a priority for Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL). Addressing the urgency to ensure equal […]

Askari Bank and NayaPay have recently signed an agreement to promote digital payments in Pakistan. As an Electronic Money Institution (EMI), NayaPay enables users to open E-money accounts in a few simple steps. E-money account holders can make digital payments by accessing their funds through the NayaPay app and associated debit cards, accepted at ATMs and […]

Azentio Software, a global information technology company, is pleased to announce the appointment of Aliza Knox as a Non-Executive Director to the Board. Aliza brings to Azentio a wealth of knowledge and expertise with over three decades of broad international marketing and management experience. She is most recognized for building and operating successful businesses in […]

SBP issued “Licensing and Regulatory Framework for Digital Banks” on January 03, 2022. To create awareness of this important development in regulatory ambit, SBP organized an online event – “Digital Banks – A New Era in Banking”. The objective of the webinar was primarily to create awareness about the next generation of banks i.e. digital […]

Scienaptic AI, a leading global AI-powered credit decision platform provider, has announced that Mont.-based Intrepid Credit Union has chosen its platform to boost its credit decisions. Scienaptic’s credit decisioning platform will enable the credit union to tap into untapped credit opportunities, increase loan accessibility and transform the member experience. “We have been a member-community centered organization […]

Khushhali Microfinance Bank Limited is playing a pivotal role in empowering the underprivileged masses to accelerate the socio-economic growth and development of Pakistan. In compliance with the recent directives from the State Bank of Pakistan’s (SBP), Khushhali Microfinance Bank has now deployed the most innovative technological solutions for enabling the customers (all resident-Pakistanis) to ‘digitally’ […]

From ride-hailing services to grocery delivery, and financial services such as buy-now-pay-later to microfinancing, super-apps development in the Pakistan, Middle East, and Africa is emerging fast as the region proves to be a potentially fertile ground for its growth. In a study commissioned by Mastercard and carried out by Economist Impact titled ‘From online bazaar […]

Tinkoff has acquired a controlling stake (51%) in Just Look, the developer of Jump. Finance, a fintech service that automates interactions with freelancers, including payments. The deal was undertaken on behalf of Tinkoff Business, the branch of Tinkoff Group that services small, medium-sized and large businesses. Jump. Finance will be integrated into the Tinkoff Business ecosystem and retain its current team. The financial terms of the […]

Rozee, Pakistan’s largest employment platform, announced today that Shahid Hosain Kazi has joined as its new Chief Executive Officer. Shahid Kazi joins Rozee from Finca Microfinance Bank where he served as Chief Operating Officer and until recently was also Acting CEO. Kazi has 27 years of digital technology and financial services experience. While at FINCA, […]