GoCardless has joined forces with Pennylane to offer SMEs and start-ups a seamless way to manage and collect recurring payments. The partnership will combine Pennylane’s new subscription management functionality, enabling businesses to automate the creation of recurring invoices and accounting, with GoCardless’ global bank debit network, allowing them to automatically debit their customers when each payment is […]

Allied Bank, one of the largest commercial banks in Pakistan has signed a Memorandum of Understanding (MOU) with the National Incubator Center (NIC) which is the largest technology incubation center in Pakistan and managed by Teamup on the 18th of February 2021. Both organizations aim to promote innovation and digitization in the ecosystem. Allied Bank will […]

Statrys announces its partnership with Railsbank, the leading global open banking platform. Statrys expands its current service offerings (online business account, payments, and forex solutions) to provide local currency accounts in EUR and GBP for Asian SMEs. “We’ve banked with Statrys for a few months because we knew they would launch the local currency accounts. Having access to […]

Tonik Financial Pte Ltd (“tonik”) announced today that it closed a $21M round of Series A equity funding. The round was led by blue-chip VC investors Sequoia India and Point72 Ventures, with significant participation from previous VC investors Insignia and Credence. tonik will use the funding to launch its digital bank in the Philippines, targeting […]

The Regulatory Sandbox of SECP – a technology-driven initiative – received a positive response from a wide range of innovators including well-established entities, foreign companies, and start-ups. These entities submitted their proposed solutions and business models in the areas of Insurance, Non-Banking Finance Sector, and Capital Markets. SECP received a total of 32 applications in […]

Prime Minister Imran Khan on Thursday inaugurated Pakistan’s largest skills development programme titled ‘Hunarmand Jawan’ “Hunermand Jawan Pakistan programme will take us on the path to where Quaid-e-Azam Muhammad Ali Jinnah wanted us to be,” the prime minister said during his speech at the launch ceremony in Islamabad “I need you all to understand that […]