Pakistan’s leading digital payments app, Easypaisa has partnered with the fastest growing fintech, PayFast, in pursuit of disrupting digital payments. Easypaisa wallet users can now pay online using PayFast’s indigenous payment gateway. Approved for Pilot Operations by the State Bank of Pakistan (SBP), PayFast empowers multi-instrument acceptance of Scheme Cards, Mobile Wallets, and Bank Account […]

In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) has introduced a new mechanism to enable the companies in Pakistan to make instant payments for acquiring digital services from globally recognized digital service provider companies, without any hassle. Now local companies can access various services including […]

State Bank of Pakistan (SBP) grants pilot launch approval to Keenu (Wemsol Private Limited) to operate as Electronic Money Institution (EMI). This will allow the leading Pakistani payments brand to initiate the pilot phase of the E-Money Wallet for EMI Wallets and Internet Payment Gateway under the supervision of SBP. Keenu, a Pakistani Fintech launched […]

Meezan Bank, Pakistan’s first and largest Islamic bank has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs. 200 billion by Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy and Government of Pakistan. The milestone transaction, powered by the […]

Since its launch of Refinance Scheme to Support Employment and Prevent Layoff of Workers, called Rozgar Scheme in common parlance, State Bank has been constantly receiving feedback from various stakeholders, making the scheme more facilitative for businesses and creating incentives to prevent the layoff of employees under current COVID Pandemic scenario. Many of the changes […]

The outgoing Chief Executive Officer (CEO) of Standard Chartered Bank, Shazad G Dada has been appointed as President and CEO of United Bank Limited. The sources said that the appointment of Shahzad G Dada is subject to the approval of the State Bank of Pakistan and compliance with all applicable laws, rules and regulations in […]