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Powered by Alipay’s blockchain technology, the service enables Pakistanis living in Malaysia to send money home instantly and securely through Telenor’s remittance service provider – Valyou. ISLAMABAD (PRESS RELEASE) Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service, powered by industry-leading blockchainRead More →

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KARACHI (PRESS RELEASE) Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for PKR 4 Billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the bank to further capitalize on the growthRead More →

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KARACHI (PRESS RELEASE) BankIslami is pleased to announce that its payment system has been successfully restored and running absolutely secured. All of the Bank’s services can now be accessed and operated as usual including other banks’ ATMs, Internet banking and Mobile App. Thus, our customers can now access all otherRead More →

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ISLAMABAD (PRESS RELEASE) The Bank of Khyber signs Pakistan Telecommunication Company Limited (PTCL) for managed services contract for a period of five years. Under this agreement, PTCL will manage and maintain active & passive network operations on behalf of the bank at more than 170 branches countrywide, as well asRead More →

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ISLAMABAD (PRESS RELEASE) Pakistan Telecommunication Company Limited (PTCL), signed a Memorandum of Understanding (MoU) with NDCTECH; an award winning partner of Temenos, world’s#1 Banking Software, to create an in-country banking cloud platform by offering value added services for Temenos Software over PTCL cloud. The partnership agreement was signed in KarachiRead More →

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ISLAMABAD (PRESS RELEASE) Subsidiary acquisition of 45 percent of shares has been formally approved by Competition Commission of Pakistan. First mover advantage has been availed by Alipay in online commerce and digital banking in Pakistan. Shares have been bought in Telenor Microfinance Bank Limited Pakistan. Chinese commerce giant Alibaba ownsRead More →

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ISLAMABAD (PRESS RELEASE) JazzCash, the country’s fastest growing fintech, has signed agreements with Bookme, Easytickets and EatMubarak to bolster in-app options for customers. These partnerships will allow users to buy tickets for bus and air trips, cinemas and events in addition to government payments, utility bills and loan repayments. SuchRead More →

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ISLAMABAD (PRESS RELEASE) A Memorandum of Understanding (MoU) was signed between Meezan Bank Limited and NayaPay Pvt Ltd. on the 14th of November 2018. The agreement forms the basis of a strategic partnership between the two organizations to provide innovative, technology-based payments in Pakistan. NayaPay aims to introduce a robustRead More →

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ISLAMABAD ( MEDIA REPORT ) In an explosive disclosure by an official of Federal Investigation Agency data of major Pakistani banks have been hacked.  SBP instructs banks after ‘cyber attack’ on Bank Islami network According to FIA Cyber Crimes Director retired Capt Mohammad Shoaib, the banks have not shared theRead More →

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Standard Chartered’s Seeing is Believing initiative has impacted over 12 million beneficiaries since 2003 in Pakistan KARACHI (PRESS RELEASE) Every year, on the second Thursday of October, World Sight Day is celebrated to raise awareness for the 36 million people who are blind and an additional 217 million people sufferingRead More →

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KARACHI (PRESS RELEASE) An agreement was signed amongst Haball, 1LINK (Pvt) Limited (1LINK) and Meezan Bank Limited (Meezan Bank) to introduce a fast, secure and simple payment solution to accelerate digital payments in the Pakistani B2B space. The signing ceremony was held at 1LINK head office, Karachi. This arrangement willRead More →

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ISLAMABAD (PRESS RELEASE) The Pakistan Credit Enhancement Facility (PCEF) was introduced to public and private sector stakeholders today in a conference co-hosted by Karandaaz Pakistan and UK’s Department for International Development (DFID) in Islamabad. The local currency credit enhancement facility is being set up to address and overcome existing constraintsRead More →