The fintech company, Avanza Premier Payment Services (APPS), has partnered with one of Pakistan’s leading e-commerce marketplaces, Telemart, to enable its customers to pay online with APPS’ robust payment gateway, PayFast. Approved for Pilot Operations by the State Bank of Pakistan (SBP), PayFast empowers multi-instrument acceptance of Scheme Cards, Mobile Wallets, and Bank Account Numbers. […]

American Express announced that it has entered into an agreement to acquire substantially all of Kabbage, a leading financial technology company providing cash flow management solutions to small businesses in the U.S. The transaction represents an important step toward American Express’ goal of being an essential partner to small businesses through a broad range of […]

Mastercard announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million if performance targets are met. The addition of […]

MoneyGram International,  a global leader in cross-border P2P payments and money transfers, today announced a partnership with E9Pay, one of the largest money transfer and payment fintech companies in Korea. The partnership enables E9Pay customers to connect to the MoneyGram platform and distribution network in over 200 countries and territories. The integration will especially benefit […]

Mastercard has signed an agreement with Askari Bank Pakistan for a multifaceted partnership to enhance customer experience and launch new products for a growing number of the bank’s customers. The agreement is part of Mastercard and Askari bank’s commitment to bring innovative payment solutions to more people across the Middle East and Africa region and […]

Karachi, Pakistan – 28th March, 2020 – In order to discuss the challenges faced by the banking sector in Pakistan in the time of COVID-19, a virtual one-day conference was conducted on March 28th, 2020 by co-hosts and organisers, Abdul Basit and M. Umair Khan. The event brought together industry experts, practitioners and regulators and […]

  Adnan Ali, Chief Executive Officer at apps shares the journey of creating a disruptive platform for payments in Pakistan and discusses the vision for future initiatives.