SadaPay, a fintech challenger launching in Pakistan has announced a new exclusive partnership with Mastercard. Pakistan is the 5th most populous country in the world, where 87% of 220 million people remain unbanked, but about 1 million smartphones are coming online every month. SadaPay will enable customers to conduct seamless, faster and safer domestic and […]

“As part of our focused  campaign on Askari Digital, our objective is not only on enhancing digital channel utilisation, but we are also working on creating the necessary awareness regarding these mediums to hand hold our customers during this paradigm shift”, said Asim Bashir, Country Head – Digital Banking at Askari Bank Limited, while discussing the landscape of […]

In the background of rising cases of COVID-19 in the country and with the need to strengthen health sector in fight against COVID-19, SBP today enhanced financing limit of a single hospital/ medical center under its Refinance Facility for Combating COVID -19 (RFCC) from Rs. 200 million to Rs. 500 million. RFCC is an emergency […]

“When COVID-19 took hold, necessity dictated that all organizations move to digital. Hence, to ensure safety, all communication is now done online with new ways to collaborate and innovate”, said Najeeb Agrawalla, Chief Executive Officer at 1LINK in an exclusive Q&A session with Daily NewsPK while sharing his insights about the current scenario of the economy and […]

SadaPay has announced that it has been granted the in-principle approval by the State Bank of Pakistan (SBP) for an Electronic Money Institution (EMI) license. This approval allows SadaPay to ready its operations for the pilot phase, during which the digital wallet will be available on a limited scale, under the supervision of the regulator.  […]

On April 10, 2020 the State Bank of Pakistan announced an incentive scheme— entitled Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns—that enables the provision of concessional credit for payroll finance to businesses that commit to not lay off workers for the next three months. Today the […]

  The State Bank of Pakistan today released its Second Quarterly Report for FY20 on the State of Pakistan’s Economy. According to the report, the stabilization efforts and regulatory measures yielded notable improvements during the first half of FY20. The current account deficit contracted to a six-year low, foreign exchange reserves increased, the primary budget […]

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 […]

SBP has said that banks and development finance institutions (DFIs) would defer the principal amount on consumer loans for one year to facilitate borrowers in the wake of covid-19. The SBP said “Borrowers availing consumer finance (auto, housing, personal loans, credit card)& who were regular on their payments up till 31Dec19 can request banks to […]

Press Release, 13th Feb 2020: Access Group has been a partner of Verifone for more than 18 years. Together, with Access Group’s local expertise and Verifone’s next-gen Point of Sale payment products and solutions, they have been leading the digital payments landscape in Pakistan. Verifone is a global leader in digital payment solutions, with a […]