Khushhali Microfinance Bank Limited is playing a pivotal role in empowering the underprivileged masses to accelerate the socio-economic growth and development of Pakistan. In compliance with the recent directives from the State Bank of Pakistan’s (SBP), Khushhali Microfinance Bank has now deployed the most innovative technological solutions for enabling the customers (all resident-Pakistanis) to ‘digitally’ […]

Standard Chartered in Pakistan announces the launch of its state-of-the-art innovative Digital-Banking solution aimed at elevating client experience by offering enhanced convenience, agility, and customized offerings to its existing and potential client base. The solution has been developed in-house leveraging global expertise and best practices and partnering with local service providers under the Digital drive […]

Pakistan’s first and largest fintech-focused event, the HBL Pakistan Fintech Summit 2021 (HBLPFS) will be held on 1 December 2021. This virtual conference will bring together industry experts who are the key players in the transformation of Pakistan’s fintech landscape. Dr. Reza Baqir, Governor – State Bank of Pakistan will be attending as the Chief […]

NayaPay has earned commercial approval to operate as the first Electronic Money Institution in Pakistan– after a year-long pilot and inspection by the State Bank. Backed by sponsors of the Lakson Group, a conglomerate in Pakistan with market leadership in the fast-moving consumer goods, media, asset management, paper and board, and fibre broadband industries, NayaPay […]

 Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has partnered with The Institute of Bankers Pakistan (IBP) to launch the ‘Branch Management Development Program’ which is aimed at fostering employees’ development and upskilling for optimizing key business operations and enhancing organizational sustainability. Ghazanfar Azzam, President & CEO MMBL, and Khawlah Usman, Director Marketing and […]

JazzCash, Pakistan’s leading fintech, has launched the country’s first-ever digital account for teenagers, the ‘JazzCash NextGen Account’. This account will allow adolescents between the ages of 12 and 17 years to receive their pocket money and make all their payments digitally. The JazzCash NextGen account will give young account holders access to the digital wallet […]

Path Solutions, a global Islamic fintech house and Soneri Mustaqeem, an Islamic Banking Division of Soneri Bank Limited, announce the selection of iMAL Sharia-compliant Profit Calculation System to ensure industry’s best practices for Sharia compliance. By integrating iMAL with Temenos T24 core banking platform, this new Pool Management System will help Soneri Mustaqeen emerge as a modern data-driven Islamic banking division, […]

Khushhali Microfinance Bank (KMBL) is pleased to announce it’s joining the State Bank of Pakistan’s (SBP) Raast Instant Digital Payment system. Under this collaboration, Khushhali Microfinance Bank will enable end-to-end digital transactions for government payments.   This is another step towards the digitalization of the bank’s financial structure. Raast is an instant payment mechanism that […]

PayFast, the indigenous payments solution by APPS, is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for Payment System Operators / Providers (PSO/PSP). PayFast enables merchants, billers, and aggregators to receive payments from their customers through a variety of methods […]

State Bank of Pakistan (SBP) has developed a Digital Bank draft Regulatory Framework for public consultation. The proposed framework has been shared with the industry and placed on the SBP’s website (at https://www.sbp.org.pk/dfs/Digital-Bank-Regulatory.html) for feedback. It is the outcome of an extensive study of international regulatory and industry best practices across several key themes in […]