Employee Stock Option Plan (ESOP) is a popular method of attracting, motivating, and retaining employees. Stock Option Plans permit employees to share in the company’s success without requiring a startup business to spend precious cash. As a step forward to facilitate the corporate sector, the SECP hereby clarifies that private companies especially startups can offer […]

Jubilee Life Insurance, Pakistan’s leading life insurance company in the private sector has partnered with UBL to offer a new bancassurance proposition ‘Jubilee – You Protect Plan’ – a comprehensive health and life insurance plan. Under this partnership, the policyholders are provided with a simple and affordable way to protect themselves and eliminate their financial […]

State Bank of Pakistan (SBP) has developed a Digital Bank draft Regulatory Framework for public consultation. The proposed framework has been shared with the industry and placed on the SBP’s website (at https://www.sbp.org.pk/dfs/Digital-Bank-Regulatory.html) for feedback. It is the outcome of an extensive study of international regulatory and industry best practices across several key themes in […]

Acuant, a leading global provider of identity verification solutions, announced a partnership with albo, Mexico’s leading Neobank, which has integrated Acuant’s Trusted Identity Platform to provide a seamless and secure digital Know Your Customer (KYC) experience for customers and to meet compliance with Anti-Money Laundering (AML) regulations issued by the Mexican authorities. Founded in 2016, […]

Logiq, Inc., a global provider of award-winning eCommerce and fintech solutions, has joined forces with Comviva, a global leader in digital financial solutions, to offer digital wallet and payment services across Indonesia. The services based on  Logiq’s PayLogiq digital wallet will be powered by Comviva’s mobiquity® Pay platform. Logiq also recently partnered with Yabx, a fintech venture of Comviva to […]

VEON, the parent group of Jazz, has concluded the acquisition of the 15% minority stake in PMCL, the operating company of Pakistan’s leading mobile operator, Jazz, from the Dhabi Group for USD 273 million. It may be recalled that the Dhabi Group had acquired 15% stakes in PMCL, in the unified company,  after Warid was […]

IBM announced that Asif Ahmad has been named General Manager of IBM Pakistan. Ahmad succeeds Ghazanfar Ali, who led IBM’s business operations in Pakistan since 2016 and has taken on a new leadership role in IBM Middle East and Africa. “Technology adoption is not only vital to a successful, more competitive business but a key […]

UnionPay International (UPI) announces the beginning of cooperation with Credit Europe Bank. This step will allow UnionPay to continue the expansion of its acceptance network, which already covers over 95% of merchant terminals and ATMs, in the Russian Federation. This partnership between UPI, one of the world’s largest bankcard schemes, and Credit Europe Bank, a […]

Pakistan’s favorite food delivery platform, Foodpanda, has entered into a strategic partnership with Pizza Hut as their delivery partners for global and local expansion. The partnership expects to grow the number of delivery outlets for Pizza Hut by an estimated 150% by the end of 2021. Under this partnership, Foodpanda Pakistan will also support Pizza […]

Advapay and Sumsub have partnered to deliver a smart KYC and AML solution to digital banks and fintechs. Sumsub is going to provide all the businesses that use Advapay with an identity verification solution powered by face recognition and matching technology for biometric identity proofing and liveness check, document screening, and background checks. The company […]