Banking Sector Archives - Page 34 of 79

HBL and NayaPay collaborate to boost international remittances to Pakistan NayaPay enables users to open E-money accounts on their smartphones in a few simple steps and take control of their finances.

On: January 17, 2023

Tagged: Cross-border transaction, E-Money Institution, Foreign remittances, Habib Bank Ltd, NayaPay

LAHORE ( Web News ) HBL, the largest and best bank in Pakistan, has partnered with NayaPay to facilitate real-time cross-border transaction flows into Pakistan. Customers can now receive foreign remittances through HBL’s partnering money transfer agents (MTOs) directly into their NayaPay account. NayaPay, a leading E-Money Institution in Pakistan, enablesRead More →

Bank of AJ&K’s operational structure has been further streamlined After the formation of two new regions, the number of regions of the bank has increased to 4 and they have started their professional activities.

On: January 15, 2023

In: Banking Sector

Tagged: AJK Government, BANK AJK, business performance, Operational structure, Services at doorsteps

Bank of Azad Jammu and Kashmir operational structure more streamlined to ensure speedy performance, further dynamism of the field In order to provide immediate banking services and facilities at the doorsteps of customers, zones abolished, 4 regions have started working immediately after formation. MUZAFFARABAD ( Web News ) Bank ofRead More →

Easypaisa Pakistan has partnered with Faysal Funds This collaboration will open new avenues into the untapped market of more than 14 million easypaisa customers.

On: January 13, 2023

In: Banking Sector

Tagged: 14 million customers, easypaisa, Faysal Funds, Financially empowering

LAHORE ( Web News ) Easypaisa, Pakistan’s leading digital payments platform has partnered with Faysal Funds (Faysal Asset Management Limited), one of the fastest-growing Asset Management Companies in the industry, with an aim to boost the collective vision of financially empowering all Pakistanis, especially when it comes to investments andRead More →

Bank Alfalah introduces QR Payment Solution with SnappRetail The App offers smooth in-app registration process that only requires a merchant’s valid CNIC.

On: January 12, 2023

In: Banking Sector

Tagged: Alfa Business Application, Bank Alfalah, partnership, QR Payment system, SnappRetail

Bank Alfalah introduces QR Payment Solution with SnappRetail LAHORE ( Web News ) Bank Alfalah continuing its rich legacy of being the industry leader in digitizing the retail landscape of Pakistan, Bank Alfalah has entered into an aggregator partnership with SnappRetail. This partnership is designed to accelerate Merchant acquiring activitiesRead More →

President Alvi directs SLICP to pay interest to insurance policy holder SLICP was required to compensate the complainant by paying interest due in accordance with the prevailing rate.

On: January 9, 2023

In: Banking Sector

Tagged: Delayed payment, Insurance policy, President Arif Alvi, State Life Insurance, Wafaqi Mohtasib

President Alvi directs SLICP to pay interest to insurance policy holder over unexplained delay in payment of maturity claim Says SLICP failed to justify the belated payment to the complainant ISLAMABAD ( Web News ) While accepting a representation of an aggrieved citizen, President Dr. Arif Alvi has directed theRead More →

President Alvi imposes Rs 20,000 fine on UBL for filing frivolous representation Orders that the bank should pay fine in addition to returning defrauded amount to its customer

On: January 7, 2023

In: Banking Sector

Tagged: fine of Rs 20000, Frivolous representation, President Dr Arif Alvi, United Bank Ltd, Wasting time

President Alvi imposes Rs 20,000 fine on UBL for filing frivolous representation, wasting time & resources Orders that the bank should pay fine in addition to returning defrauded amount to its customer ISLAMABAD ( Web News ) President Dr. Arif Alvi has imposed a fine of Rs 20,000 on UnitedRead More →

ECCL (CMPak subsidiary) showcases its new digital payments solution, “PayMax” This strategic venture aims to empower the people of Pakistan with a financial solution that is secure, unique and ensures inclusion in the unbanked sector of Pakistan.

On: January 7, 2023

In: Banking Sector

Tagged: Cashless payments, CMPAK & Zong4G, digital payments, PayMax

ECCL (CMPak subsidiary) showcases its new digital payments solution, “PayMax” ISLAMABAD China Mobile, Parent company of Pakistan’s leading telecommunications network, Zong 4G, promoted its first digital payments solution ‘PayMax,’ during an exclusive product showcasing event at Zong HQ in Islamabad. This strategic venture aims to empower the people of PakistanRead More →

President Alvi directs SLICP to pay Rs 1.95 million to claimants While rejecting four similar representations filed by the State Life Insurance Corporation of Pakistan against the orders of the WM

On: January 6, 2023

In: Banking Sector

Tagged: maladministration, President Arif Alvi, Rs 1.95 million, State Life Insurance Co, Wafaqi Mohtasib

President Alvi directs SLICP to pay Rs 1.95 million to claimants, strengthen the pre-policy verification process ISLAMABAD ( Web News ) While rejecting four similar representations filed by the State Life Insurance Corporation of Pakistan (SLICP) against the orders of the Wafaqi Mohtasib (WM), President Dr. Arif Alvi directed SLICPRead More →

MMBL scores two awards by HR Metrics at GDEIB Awards 2023 The achievement highlights the Bank’s unwavering dedication to fostering a diverse and inclusive environment for all.

On: January 5, 2023

In: Banking Sector

Tagged: GDEIB Awards 2023, HR Metrics, MMBL scores, VEON group, WIN program

MMBL scores two awards by HR Metrics at GDEIB Awards 2023 ISLAMABAD ( Web News ) HR Metrics has recognized Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, for being a leader in Diversity, Equity, and Inclusion (DEI) in the following categories: Diversity and Inclusion (D&I) structure and implementationRead More →

Bank Alfalah disbursed PKR 308 million for flood-impacted communities in 2022 In the first phase, the Bank partnered with reliable and trusted non-governmental organizations (NGOs) across Pakistan

On: January 3, 2023

In: Banking Sector

Tagged: 1.5 million meals, Bank Alfalah, disbursed PKR 308 m, Empowering people, Flood-impacted

KARACHI ( Web News ) Bank Alfalah, one of the largest commercial banks in Pakistan, with the purpose of empowering people so that they shape their own path in life despite all odds, has spent PKR 308 million for flood-impacted communities. When floods hit significant parts of the country, BankRead More →

President Alvi reprimands SLICP for denying insurance to a widow for 9 years While expressing his displeasure on maladministration by SLICP, President Dr. Arif Alvi ordered that the widow be paid full amount of claim.

On: January 1, 2023

In: Banking Sector

Tagged: For 9 long years., insurance claim, maladministration, President Arif Alvi, State Life Insurance Corporation

President Alvi reprimands SLICP for denying insurance to a widow for 9 years Says the onus to prove the pre-insurance ailment rested upon SLICP ISLAMABAD ( Web News ) While upholding the orders of the Wafaqi Mohtasib to pay life insurance claim to the widow of a policyholder, President Dr.Read More →

The Bank of Punjab held the launch Ceremony of BOP e-Business Qarza BOP e-Business Qarza is an End to End (E2E) Digital Lending Program for Existing BOP customers.

On: January 1, 2023

In: Banking Sector

Tagged: bank of punjab, e-Business Qarza, Free credit facility, launch ceremony, State Bank of Pakistan

LAHORE ( Web News ) The Bank of Punjab (BOP) held the launch Ceremony of BOP e-Business Qarza for SMEs today at BOP’s Head office, in Lahore. BOP e-Business Qarza is an End to End (E2E) Digital Lending Program for Existing BOP customers. Via this digital product, BOP aims toRead More →

Banking Sector (Page 34)