Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL), has recently launched the 2nd edition of its 9 Point Agenda for Financial Inclusion, a policy document aimed at fostering digital financial inclusion through meaningful regulatory interventions in nine key areas. Mobilink Microfinance Bank is part of the VEON group, a global digital operator that provides converged […]

Standard Chartered Bank Pakistan Limited (SCBPL) delivers record profit before tax of PKR 36.4 billion, registering an increase of 98 per cent year on year. Performance was driven by strong income growth, as well as continued cost and risk discipline. Overall revenue grew by 70 per cent to deliver a top-line of PKR 45.1 billion, […]

HBL Mobile and Konnect by HBL launch the industry’s first Peer-to-Peer (P2P) QR-based funds transfer facility in line with the mandate of the State Bank of Pakistan. This new and innovative feature enables HBL Mobile and Konnect by HBL to provide clients with an easier and faster way of receiving and sending money for account-to-account […]

Karachi-based fintech Safepay is going live with Cybersource (a product of payments giant Visa) to bring Pakistani merchants new ways to enable their customers to pay them online easily. Safepay is a payment service provider that has received pilot approval from the State Bank of Pakistan and has been active in the market since 2019. Safepay’s core offering to a […]

37 entrepreneurial champions from the rural areas of Pakistan have been honored at the 14th Citi Microentrepreneurship Award (CMA) ceremony, jointly hosted by the Citi Foundation and Pakistan Poverty Alleviation Fund (PPAF). The recipients of the Awards from all geographical localities of Pakistan have shown remarkable entrepreneurial skills by availing the microfinance facility through various […]

PayFast by APPS, a group company of Premier Systems with a PSP commercial license for e-payment gateway services from the State Bank of Pakistan, is excited to join hands with Qatar-based TWYLA Technology. The nature of the partnership sees PayFast by APPS and TWYLA Technology jointly establishing a fintech startup by the name of PAY2M […]

In a special ceremony held at Arfa Technology Park , Punjab Information Technology Board (PITB) and Faysal Bank Limited (FBL) signed an MoU to facilitate freelancers across Pakistan. The MoU was signed by PITB DG e-Governance Sajid Latif and FBL Head CIBG Ali Waqar on behalf of their respective organizations. Senior officials from both organizations […]

Raheel Iqbal, Managing Partner at Codebase Technologies discusses API-driven digital propositions and how Codebase Technologies is helping to build future-ready digital finance brands. While explaining the inception of Codebase Technologies, Iqbal said, “Codebase Technologies is a global leader & one of the world’s fastest-growing open API solution providers. Founded two decades ago in 1998, Codebase […]

Askari Bank Limited, a leading banking institution in Pakistan, has optimized its Compliance and Risk processes through automation to strengthen regulatory compliance by collaborating with industry leader SAS. By using Governance & Compliance Manager (SAS GCM) Solutions from SAS, the bank aims to confidently address changing regulatory requirements, and ensure greater efficiency, effectiveness and transparency in […]

Easypaisa, the country’s leading digital payments App, has introduced an innovative feature that enables users to upgrade their mobile wallet accounts through in-app biometric verification. A key regulatory requirement, Biometric Verification System (BVS) also enhances users’ daily, monthly and yearly transaction limits. Customers will now be able to use the BVS feature to upgrade their […]