Bank Alfalah, one of the largest private banks in Pakistan has partnered with Paymob, MENA’s market-leading digital payments provider. The two organizations have collaborated to activate and support merchant acquisition and integration services across Pakistan. The partnership will empower over 100,000 merchants across Pakistan and launch new innovative services in e-commerce acceptance for online merchants. […]

American Express and i2c Inc, a provider of digital payment and banking technology, announced an expanded global, multi-product agreement that will enable fintechs and financial institutions around the world to develop and scale innovative payments solutions for consumers and businesses on the American Express global payments network. The agreement signals that the American Express network […]

Dana, an embedded lending platform and FintechOS, a global technology provider for banks, insurers, credit unions, and other financial services companies, has unveiled a partnership to provide innovative technology solutions and strategic value propositions to financial institutions, particularly in the South Asian region.  The combination of Dana’s AI-powered embedded lending platform and FintechOS’ high-productivity fintech […]

Careem recently announced an investment of $25 million to further simplify and improve Captains’ and Customers’ experience in Pakistan. The announcement was made by Feroz Jaleel, Country Head of Careem Pakistan, during the Sitara-e-Careem Award ceremony where the top-performing Captains were awarded for being of service with their hard work, dedication, and commitment. Senior leadership […]

Klarna, the global retail bank, payments, and shopping service has launched ‘Klarna Kosma’, a sub-brand and business unit to harness the rapid growth of its world-leading Open Banking platform. By providing simple access to more banks than any other Open Banking provider, Kosma rapidly reduces the time for new fintech services to reach global scale […]

State Bank of Pakistan (SBP) has concluded the process of receiving applications for digital banks licenses as per its announced deadline of March 31, 2022. The application process registered an overwhelming response whereby SBP received twenty (20) applications from a diverse range of applicants, including domestic commercial banks, microfinance banks, electronic money institutions and FinTech […]

  Recharge.com has announced the launch of its services in Australia amidst regulatory changes in the buy-now-pay-later (BNPL) and the gift card sectors. The Australian Securities and Investments Commission has shown that one in five customers missed BNPL payments in 2018-2019. To introduce more oversight around the sector, Australia’s central bank announced stricter regulation in October […]

EonX Technologies has signed an agreement with Mastercard Asia Pacific Pte Ltd  to support the development of its account-to-account capabilities in Australia. Pay by Account powered by Mastercard will support local Australian banking and fintech partners in providing a safer, simpler, smarter way to make, receive and manage everyday payments using a bank account. The […]

OP Digital Services Pvt Ltd. (OPay), a Soft-Bank backed fintech, has entered into an agreement with Euronet Pakistan to rapidly develop the local payments ecosystem, accelerate the turnaround of a cash-based economy into the digital payments retail economy, and create a financially inclusive Pakistan. OPay plans to deploy over 100,000 smart POS devices in Pakistan which will equip […]

Muawin, Pakistan’s first business-to-business (B2B) buy-now-pay-later (BNPL) digital lending entity is pleased to announce an industry-first partnership with Jiye Technologies, one of the country’s leading agri-tech platforms that digitally connects farmers and businesses through an enhanced lean supply chain model.  The partnership is intended to empower the agricultural sector by working to improve financial inclusion […]