Mashreq Bank and Mastercard have partnered to announce the launch of Tap On Phone, their new offering for Small and Medium Businesses (SMEs). The innovation, rolled out with the support of and enabled via Mastercard’s Payment Gateway Technology, is part of a wider omnichannel SME in a Box service launched earlier this year in the Middle East & […]

The Board of Directors of BankIslami Pakistan Limited (‘The Bank’ or ‘BankIslami’) in their meeting held on October 29, 2020, in Karachi, approved the Bank’s financial results for the nine months ended September 30, 2020. BankIslami posted a profit after tax of Rs. 1.76 Bn during 9M20, depicting a growth of 81% vis-à-vis the same […]

Qasif Shahid, Co-Founder & CEO at Finja, shares how they are transforming financial landscape and providing accessible services to Micro Small and Medium Enterprises (MSME) and their stakeholders. Finja is a modern day digital organization that aims to lead Pakistan’s economy towards digital transformation. Mr. Shahid says, “We believe in developing digital efficiencies which is […]

The Commonwealth Bank of Australia has launched BizExpress Online, a fast-speed lending system for small businesses. CBA’s BizExpress helps small businesses get immediate access to funding to support and grow their operations as the country looks to recover from the worst effects of the coronavirus pandemic. Eligible small business customers can receive a real-time credit decision […]

Telecommunications leaders and experts from Pakistan and across the region recently gathered at the SAMENA Telecommunication Council Leaders’ Summit to review plans for unleashing the potential of 5G networks to boost economies and societies in a post-COVID-19 environment. Held virtually for the first time due to social-distancing requirements, the Summit was hosted by Huawei for […]

Visa, the world’s leader in digital payments, has launched its ‘Where You Shop Matters’ (WYSM) initiative in Pakistan with Daraz, the country’s leading online marketplace. The campaign aims to empower and support small businesses adversely affected by COVID-19 pandemic and is part of a larger Visa effort spanning the Central and Eastern Europe, Middle East […]

  “We witnessed an encouraging shift towards digital payments over the past year. The use of e-wallets and mobile accounts grew by 8.2x year-on-year in March, while the use of bank cards and online banking increased by 1.9x each”, expressed, Ehsan Saya, Managing Director at Daraz (Alibaba Group), during an exclusive Q&A session with our […]

“The banking industry will see lasting behavioral changes”, expressed Basir Shamsie, President and CEO at JS Bank, during an exclusive Q&A session with our Editor in Chief on the impact of COVID-19 outbreak on the overall economic landscape in Pakistan, also he shared his valuable insights on the shifting dynamics of the financial and banking […]

“The new players will be tested now on their robustness and their ability to continue to be the innovators in the industry. It’s a challenge for them but with the silver lining of the opportunity when truly innovative digital services can now be offered”, expressed financial service industry expert from Europe, Middle East and Africa, […]

“Partnerships among industry players as well as across industries will constitute a key success factor as the digital age advances in Pakistan”, expressed Ali Sarfraz, CEO, Karandaaz during an exclusive Q&A session with Daily NewsPK while sharing his insights on the FinTech and start-up landscape in Pakistan and the impact of COVID-19 on it. 1. […]