The World Economic Forum held the EDISON Alliance Champions Deputies & Executive Network Meeting to discuss the 2022 roadmap, share commitments and initiatives, as well as calls for action to scale partnerships prior to the World Economic Forum Annual Meeting scheduled to take place in Davos in the last week of May. The EDISON Alliance […]

Western Union, a global leader in cross-border, cross-currency money movement and payments, has announced the launch of its services with Bank Alfalah, one of the largest private banks in Pakistan. Western Union’s strategic partnership with Bank Alfalah empowers customers in Pakistan to enjoy the added convenience of receiving their Western Union money transfers at more […]

Standard Chartered Bank Pakistan Limited (SCBPL) announced the appointment of Saadya Riaz as Head of Consumer, Private and Business Banking (CPBB). Saadya has been associated with Standard Chartered (SC) for 17 years. Prior to this appointment, she has held a number of key management positions with the Bank and for the past five years she […]

State Bank of Pakistan (SBP) has concluded the process of receiving applications for digital banks licenses as per its announced deadline of March 31, 2022. The application process registered an overwhelming response whereby SBP received twenty (20) applications from a diverse range of applicants, including domestic commercial banks, microfinance banks, electronic money institutions and FinTech […]

Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in order to foster sustainability and resilience of women-led businesses in the country. The program is being implemented under the ‘Business Resilience through Financial Education (BRFE)’ component of […]

The IPG Group Pakistan, a leading sports marketing and international events company and a renowned name in remittance initiative events is facilitating the launch of Roshan Digital Account (RDA) drive for overseas Pakistanis to promote new investment opportunities in Pakistan in collaboration with renowned banks on an international platform. Recently, in partnership with Bank AL […]

Over the last two decades, the world is moving towards digitization. The new digital era does not only offer entertainment but it also makes processes much easier. Companies have also started adopting digitization in order to benefit their employees. Recently, the State Bank of Pakistan joined hands with tabiyat.pk to provide its employees with easy […]

Khushhali Microfinance Bank Limited (KMBL) – a leading financial institution in Pakistan, has pioneered another technological advancement to add convenience for its customers, with a mobile-banking solution. This state-of-the-art digital tool enables ‘remote-monitoring’ of your KMBL account, even if the account-holder uses a basic ‘Feature-Phone’. The customers do not need to own a smartphone for […]

Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below its potential due to limited access to quality and affordable financial services. Women’s financial inclusion has emerged as a priority for Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL). Addressing the urgency to ensure equal […]

SBP issued “Licensing and Regulatory Framework for Digital Banks” on January 03, 2022. To create awareness of this important development in regulatory ambit, SBP organized an online event – “Digital Banks – A New Era in Banking”. The objective of the webinar was primarily to create awareness about the next generation of banks i.e. digital […]