Ripple has partnered with the Republic of Palau to explore the country’s first national digital currency and its use cases with the XRP Ledger (XRPL). The partnership will initially focus on developing strategies for cross-border payments and a USD-backed digital currency for Palau. This could see the implementation of the world’s first government-backed national stablecoin in the first […]

Pakistani Telecom Company, Ufone has secured its largest syndicated financing facility jointly led by MCB Bank Limited (MCB) (Agent bank), Allied Bank Limited (ABL), Bank of Punjab (BoP), National Bank of Pakistan (NBP), and United Bank Limited (UBL) to fund the acquisition and rollout of its 4G services across Pakistan. President and Group CEO, PTCL […]

The sixth annual Ethical Finance Summit takes place this week (8-10 June) from its base in Edinburgh, with the theme Financing a Sustainable Future: Climate and Beyond. Some of the world’s most prominent experts in responsible finance, several major financial services, and energy companies, and 3,000 delegates from over 100 countries will debate the role of finance […]

The Board of Directors of EFU General Insurance Limited on 25th February 2021 approved the annual financial statements for the year ended 31 December 2020.  Despite the Covid 19 Pandemic the Company holds a leading position in the non-life insurance business. It created another history by becoming the first company to underwrite premiums (including Takaful […]

The National Incubation Center has announced the launch of its latest hackathon, Hacktivate-4.0, to find solutions in the fin-tech space. The hackathon applications are open till the 31st of March 2021. The purpose of this event is to find practical innovative solutions to challenges faced in the fin-tech space. With an acceleration in the adoption of digital technologies […]

Nearly eight in ten merchants (79%) of small businesses in Pakistan that were surveyed believe digital payments is an important investment in their business recovery, according to a new study by Visa (NYSE: V), the world leader in digital payments. Two in three small businesses (63%) surveyed say they feel optimistic about a business recovery […]

TPL, Pakistan’s leading technology driven conglomerate, won nine awards at the  ’10th Annual Corporate Social Responsibility Summit & Awards 2021′, held at the Marriot Hotel, Karachi. The prestigious national award event is the first and only platform in Pakistan registered with the Intellectual Property Organization of Pakistan (IPO-Pakistan). The investment holding company, TPL, along with […]

TPL Corp, Pakistan’s leading tech conglomerate, has acquired an additional stake in TPL Properties, the tech giant’s emerging real-estate property development arm. With a 51% stake post-acquisition, TPL Corp and its sponsors have become the majority shareholders in TPL Properties.  According to the notice on Pakistan Stock Exchange, TPL Corp acquired 17 million shares at […]

The 5-day round-the-clock Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and Technology (SWITCH) organized by the Monetary Authority of Singapore (MAS) and Enterprise Singapore (ESG) ended on 12 December 20201. The event attracted 60,000 participants from over 160 countries with more than 2,000 speakers, over 1,300 exhibitors, 27 international pavilions, and 45 […]

Group: Revenue down 74% to AED 13.7 billion (US$ 3.7 billion), and loss of AED 14.1 billion (US$ 3.8 billion) after last year’s profit of AED 1.2 billion (US$ 320 million). Results significantly impacted by unprecedented flight and travel restrictions worldwide due to the COVID-19 pandemic. Emirates: Revenue down 75% to AED 11.7 billion (US$ 3.2 billion), […]