industry news
PayFast brings the ultimate and innovative solution to address the pain points of the digital payments industry of Pakistan. Pakistan has over 80 million 3g / 4g subscribers, and the huge potential of eCommerce, the market value is estimated at USD 2 billion with a remarkable average yearly growth of 58%. COVID has evidently […]
Spotii, the new eCommerce payment technology provider, is today taking another industry-disrupting leap with the offer of ‘No Pay Today’, where customers make an online purchase and PAY NOTHING for two weeks – then spread the cost over four equal payments in the future. The pandemic-beating new scheme exclusive to Spotii – with absolutely no […]
State Bank of Pakistan (SBP) grants pilot launch approval to Keenu (Wemsol Private Limited) to operate as Electronic Money Institution (EMI). This will allow the leading Pakistani payments brand to initiate the pilot phase of the E-Money Wallet for EMI Wallets and Internet Payment Gateway under the supervision of SBP. Keenu, a Pakistani Fintech launched […]
Being a frontrunner in providing state of the art solutions, Telenor Business has launched Smart Office Solution for its corporate customers. This solution aims to help the businesses make the most of an opportunity that comes with each call by effectively catering to customer requirements and providing an interface for effective performance management. With businesses communicating increasingly […]
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has recorded high levels of digital adoption across its retail and corporate banking services in the first half of 2020. Nearly 60% of ADIB’s retail customers have used digital channels, registering more than 2 million transactions every month as customers conduct a wide range of banking activities, […]
Paymentology announces the expansion of its Middle East operation for the growth of digital banking in the region. Akshay Patel was recently appointed as General Manager for the Middle East, and with this current team based at the Dubai office and 24/7 contact center in Pakistan were added. “The Middle East is a market that […]
Bank Alfalah Islamic and the Institute of Business Administration have announced the Alfalah Islamic Scholarship Program to provide financial assistance for five fresh undergraduate students for their entire first year. The MoU for this initiative was signed by Mr. Atif Bajwa, CEO and President of Bank Alfalah and Dr. S Akbar Zaidi, Executive Director IBA, […]
Easypaisa, Pakistan’s leading provider of digital financial services is expanding accessibility by offering free app usage for Zong 4G customers. Customers can make airtime purchases, money transfers, bill payments, and a wide variety of other services through the Easypaisa App on a Zong 4G internet connection without consuming any data volume (MBs). This zero data […]
TECNO Mobiles has signed the renowned Muller & Phipps (M&P) as their new distributor. TECNO, with its popular demand, has taken this initiative to expand its product outreach within the country. M&P, over the years, has established itself as the customer’s first choice in express and logistics business in Pakistan, domestically and internationally. M&P is […]
Continuing its efforts to support the most affected communities across Pakistan, Bank Alfalah has joined hands with the Government of Pakistan’s Poverty Alleviation and Social Safety (PASS) Division to become a donor with the Ehsaas Ration Portal. Under the initiative, Bank Alfalah will be donating PKR 10 million for the provision of much-needed food supplies […]