FSS (Financial Software and Systems), a globally leading provider of payment products and a payment processor and Airpay, a leading omnichannel financial services platform, announced a strategic collaboration to accelerate electronic payments acceptance by micro, small, and medium-sized enterprises (MSMEs). The alliance is a part of the company’s global strategy to bring banks and payment […]

As e-commerce continues to accelerate owing to the COVID-19 pandemic, Mastercard is leading the way in fostering cybersecurity and combatting fraud in Saudi Arabia and across the Middle East and North Africa. With online shopping playing an integral role in the region’s economic recovery, ensuring transaction approval rates remain robust while countering fraud attempts has […]

  BankMobile Technologies has announced that it has entered into a definitive merger agreement.  Upon closing of the transaction, the combined company (the “Company”) will operate as BM Technologies Inc. and expects to be listed on the NYSE. The transaction reflects an enterprise value for the Company of $140 million. All BMT serviced deposits and […]

Souqalmal dials up its COVID-19 relief efforts –Becomes the first comparison site in the country to offer a free-of-charge monthly payment plan to car insurance buyers, in partnership with tabby. After launching its ‘Insure Now, Pay Monthly’ service just short of two months ago, the Souqalmal team is now ramping up efforts to make the […]

KARACHI: TPL Insurance Ltd, the insurance arm of TPL Corp and Pakistan’s first direct insurance company, has signed a Letter of Interest (LOI) with DEG, Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG”), a wholly-owned subsidiary of KfW Group based in Cologne, Germany. The proposed transaction of an acquisition of a minimum 20% equity in TPL Insurance […]

“Almost every transaction can be conducted digitally and people are appreciating how these services enable a much more feasible infrastructure for payments”, commented Mohammad Mudassar Aqil, President & Chief Executive Officer at Telenor Microfinance Bank / Easypaisa, while having an exclusive discussion with our Editor in Chief on the impact of outbreak on the overall […]

“The banking industry will see lasting behavioral changes”, expressed Basir Shamsie, President and CEO at JS Bank, during an exclusive Q&A session with our Editor in Chief on the impact of COVID-19 outbreak on the overall economic landscape in Pakistan, also he shared his valuable insights on the shifting dynamics of the financial and banking […]

Karachi, Pakistan – 28th March, 2020 – In order to discuss the challenges faced by the banking sector in Pakistan in the time of COVID-19, a virtual one-day conference was conducted on March 28th, 2020 by co-hosts and organisers, Abdul Basit and M. Umair Khan. The event brought together industry experts, practitioners and regulators and […]

  Syed Ahsan Aslam, Head of Disruption at 1LINK discusses the recent initiatives taken by the organization with Daily NewsPK.