WeLab Bank, a homegrown virtual bank, has accumulated a total of over 10,000 applications since launching to the public less than 10 days ago. The need for a new generation of banking services seems stronger than ever amid the pandemic as customers are able to open accounts remotely anytime and anywhere in a secure and […]

Metro Bank has launched fresh features on its mobile app, providing business customers with new receipt management technology. This new feature is a result of Metro Bank’s collaboration with Canadian technology firm Sensibill. The receipt management technology enables businesses to capture, store, and link their receipts to transactions in their mobile business app. Receipts are […]

VTB Bank has launched a ‘robot factory’.It will take about two to three months, and by 2021 it is planned to introduce 60 digital employees, and by the end of 2022, 250 digital employees. The robots will reduce the share of routine operations, including document processing and data entry, and reduce the cost of processes […]

Careem, the internet platform for the greater Middle East and Pakistan, has partnered with Sehat Kahani, a leading e-health and telemedicine service provider, to provide free of cost, 24/7 medical and healthcare through teleconsultation to its Captains. During the pandemic, it is essential for everyone to remain safe and pay the utmost attention to their […]

Calling all wannabe entrepreneurs! WeMENA, the region’s online marketplace for wholesalers, is today celebrating another industry first – an innovative reseller programme which allows anyone to sell the 1000s of products available via the WeMENA platform. Already making waves in the traditional paper-based supply chain that dominates the region’s commercial activity, WeMENA makes online wholesale […]

Souqalmal dials up its COVID-19 relief efforts –Becomes the first comparison site in the country to offer a free-of-charge monthly payment plan to car insurance buyers, in partnership with tabby. After launching its ‘Insure Now, Pay Monthly’ service just short of two months ago, the Souqalmal team is now ramping up efforts to make the […]

  Pakistan’s leading Fiber to the Home (FTTH) broadband service provider, StormFiber, has joined hands with the Karachi United football club to induct their coaches and players to assist StormFiber in increasing its capacity to supporting existing connections and deploying new ones during the pandemic.  Although the sports scene of Pakistan is dominated by cricket, […]

  “The situation has challenged the existing financial practices and has brought in new opportunities as well”, said Yasum Mirza, Chief Business Officer at Access Group (DigitalPass), during an exclusive Q&A session with our Editor in Chief on the impact of COVID-19 in their business and on the financial sector in Pakistan. 1. How do […]

The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to […]

SECP’s permission to non-bank microfinance companies (NBMFCs) to reschedule the loan portfolio not only helped NBFCs to adjust their portfolio at risk but also resulted in extending relief to 932,862 individuals and micro-enterprises that have borrowed over Rs. 17 billion from non-bank microfinance companies (NBMFCs), as of May 31, 2020. Out of these, 796,893 were […]