RapidCompute launches Pakistan’s First Banking Ready Cloud
Earlier this week RapidCompute, Pakistan’s largest local cloud service provider, announced the formal launch of its Cloud Services designed especially for the Banking Sector and Financial Institutions. The company has established dedicated datacenters for banking operations with the highest level of security and compliance checks, keeping in mind all legal and policy requirements by the […]
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Golootlo and 1LINK collaborate for ‘PayPak Loyalty Program’
1LINK (Pvt.) Limited (1LINK) and Decagon Pakistan (Pvt.) Limited (Golootlo) have entered a strategic partnership for the PayPak Loyalty Program allowing all new and existing PayPak customers of participating banks/issuers to avail year-round exclusive Golootlo deals and discounts at over 15,500 merchants in 130 cities nationwide. The launch of this program highlights the commitment of […]
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Telenor Microfinance Bank receives US$45 Million Equity Injection to continue its Growth on Digital Strategy
Telenor Microfinance Bank, the first scheduled microfinance bank of Pakistan and the operator of the country’s leading digital payments platform Easypaisa, has received an investment of US$45 million from its shareholders Telenor Group and Ant Group Co., Ltd. (Ant Group). The investment by the shareholders has further strengthened the Bank’s capital position and placed the […]
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SCO and Bank Alfalah signs Mobile Financial Service Agreement to support 6 Million People across AJ&K, GB
Special Communications Organization (SCO) has joined hands with Bank Alfalah for the provision of Interoperable Mobile Financial Services (MFS) in Azad Jammu & Kashmir (AJ&K) and Gilgit-Baltistan (GB). In this regard, a contract signing ceremony was held between the two organizations on Thursday, July 16th, 2020. This collaboration is a step forward to jointly create […]
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Careem and Visa sign Landmark Partnership to accelerate Cashless Payments and Digital Financial Inclusion across Middle East and North Africa Region
Careem, the internet platform for the greater Middle East, and Visa (NYSE: V), the world’s leader in digital payments, have partnered to expand digital financial inclusion across the Middle East and North Africa region by integrating Visa credentials into the Careem Pay Super App and providing Careem captains (the term for Careem drivers) with financial […]
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Daraz and HBL partner to fuel Growth in Pakistan’s SME Sector
Daraz and HBL have signed a strategic partnership agreement to enable the growth of Small and Medium Enterprises (SMEs) by inviting SMEs to set up online shops on Daraz, and avail HBL’s extensive banking solutions to meet their financial needs. HBL is Pakistan’s largest bank and a leader in the SME segment while Daraz is […]
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Closing the Gender Gap in Financial Inclusion
Pakistani is moving towards digitization and is all set to introduce digital financial services given the increasing telecom connectivity and penetration of smartphone. The digital Pakistan initiative also aims at equipping different sectors of Pakistan with e-services, and promoting digital skills, entrepreneurship and connectivity, helping county grow. Despite working on these reforms, Pakistan has still […]
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S-Paisa partners with Bank Alfalah for PM’s Ehsaas Kafalat Program in AJ&K and GB
Special Communications Organization (SCO), joined hands with Bank Alfalah as a payment solution provider under Prime Minister’s Ehsaas Kafalat Program in Azad Jammu & Kashmir (AJ&K) and Gilgit-Baltistan (GB). With this contractual partnership, beneficiaries under the program will be able to collect cash via biometric verification through SCO’s mobile financial service “S Paisa”. The disbursement of […]
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Telenor Microfinance Bank empowering Women in the Workplace
Telenor Microfinance Bank (TMB) celebrated International Women’s Day in commemoration of achievements of women across the country, based on the theme #EachforEqual. This day is marked for honoring the social, economic and cultural accomplishments of females in different segments of society. As an organization, Telenor Microfinance Bank believes that having a diverse workforce is the […]
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Ufone and HBL signed CNY/RMB Trade Finance Facility Agreement
The Landmark agreement is part of one of the largest RMB/CNY contracts in the history of Pakistan between Ufone and Huawei Technologies Co Ltd., and it would furthermore be a breakthrough in the banking industry of the country. The trade deal under this new mode of transaction will set a precedent for different sectors and […]
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Golootlo and 1LINK partner to launch discounts-based Golootlo 1QR Payment Service
1LINK (Pvt.) Limited (1LINK) and Decagon Pakistan (Pvt.) Limited (Golootlo) have signed an agreement to enable 1QR as a channel to promote account based digital payments through 1IBFT across Pakistan. This shall allow Golootlo customers to avaial year-round massive discounts by making payments in a convenient and secure manner at Golootlo partners using their bank […]
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Telenor Microfinance Bank and Pakistan Bait-ul-Mal partner to improve Financial Literacy in Women
Telenor Microfinance Bank (TMB), Pakistan’s leading microfinance bank and Pakistan Bait-ul-Mal signed a Memorandum of Understanding for the promotion of financial knowledge in women of the country. Under the agreement, the Bank will train women on the basics of performing various financial transactions through digital and conventional channels as well as accessing credit services hassle-free. […]
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Karandaaz joins Hands with Bank Alfalah and DigiServ to develop an Innovative Credit Scoring Model for SMEs
Karandaaz Pakistan, under its third round of Innovation Challenge Fund (ICF), has signed an agreement with a consortium of Bank Alfalah Limited and DigiServ, for developing an innovative, cash-flow based, credit scoring model for small and medium enterprises (SMEs). During this challenge, Karandaaz had invited ideas from entities interested in developing and testing innovative credit scoring […]
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