The Federal Minister for Information Technology and Telecommunication, Dr. Umer Saif, envisaged setting up a government-backed Venture Capital (VC) Fund of Fund to strengthen the startup and fintech ecosystems by providing financial support to new ventures and startups. During his visit to the Securities and Exchange Commission of Pakistan (SECP), Dr. Saif showed a keen […]

Tuum, a leading next-gen core banking provider, and Paymentology, the world’s premier next-gen global issuer-processor, have solidified a strategic partnership aimed at introducing a comprehensive, pre-integrated card payment processing and core ledger solution tailored for the ​​European and ​​Middle East markets.  With a united vision to reshape the financial services landscape, Tuum and Paymentology have jointly […]

Temenos today announced that Temenos Payments Hub has become the first dedicated payments solution to deliver innovative payment capabilities on the IBM Cloud for Financial Services®, an industry-specific platform designed to accelerate financial institutions’ digital transformations with security at the forefront. Now, with the Temenos Payments Hub on IBM Cloud for Financial Services, the solution […]

The eighth edition of the Belt and Road Summit, jointly organized by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), concluded after a successful two-day event at the Hong Kong Convention and Exhibition Centre (HKCEC). Marking 10 years of the Belt and Road Initiative (BRI), […]

Logpoint is announcing the appointment of Michael Haldbo as Chief Financial Officer (CFO). Reporting to Logpoint CEO Jesper Zerlang, Haldbo will be responsible for taking the company successfully through the next step of the Logpoint journey to become a European cybersecurity powerhouse. “We’re excited that Michael is joining the Logpoint team as we grow beyond […]

stc Group, the engine of digital transformation in the region, took part in the “Seamless Saudi Arabia 2023” exhibition and conference held in Riyadh. Over 500 exhibiting companies, both local and international, along with 2000 company representatives and 300 speakers, convened at the conference. The group’s primary focus revolved around its position as a digital […]

vivo, a leading global smartphone brand, announces its collaboration with AlfaMall, the e-commerce platform of Bank Alfalah. It offers pay-through cash and installment options for all bank credit cards — making products accessible to consumers easily. Recognized for its youth-centric devices, vivo is extending its market presence to ensure product availability across Pakistan and improve […]

Abu Dhabi Commercial Bank (ADCB) and Talabat UAE, the region’s leading online food delivery platform, have partnered to launch the first ever ‘Talabat ADCB Credit Card’ – a valuable addition to the Bank’s premium card portfolio ranging from loyalty, hospitality, travel and now F&B. The new flagship card maximizes rewards for day-to-day Talabat orders and […]

In a groundbreaking initiative that underscores its commitment to spearhead Pakistan’s digital growth, Zindigi, powered by JS Bank, is launching a state-of-the-art, Instant Debit Card Issuance Facility to enhance customer convenience at multiple locations nationwide with further spread to follow. This pioneering offering marks a significant stride in customer service, allowing customers to receive a […]

Pakistan Mercantile Exchange Limited (PMEX), the only Multi-Commodity Futures Exchange in the country, has achieved its highest-ever profit after tax for the fiscal year ending on June 30, 2023 (FY23), since its inception in 2007. As per unaudited accounts, PMEX has achieved a net profit of PKR 207 million in FY23, a growth of 266 […]