Tagged: pakistan

August 20, 2020 @ 11:38 pm By Omar Faridi  |  

Pakistan’s Easypaisa, a leading online wallet provider, has teamed up with the Rawalpindi Chamber of Commerce and Industry (RCCI) in order to support digital payments in the country. The agreement was made official and signed by Khurram Malik, Head of Easypaisa, Telenor Microfinance Bank and… Read More

August 19, 2020 @ 11:44 pm By Omar Faridi  |  

Pakistan needs to work on its economic development strategy. The country has a population of over 210 million, but its GDP hasn’t grown nearly as fast. The country’s GDP is around $300 billion and the average income is about $1,500 per year which is significantly… Read More

August 2, 2020 @ 2:01 pm By Omar Faridi  |  

Digital payments experienced a surge in India during July 2020. UPI transactions increased by 11% month-over-month to $38.7 billion in July. Unified Payments Interface (UPI) is an instant real-time payment system that has been created by India’s National Payments Corporation. It aims to facilitate inter-bank… Read More

July 19, 2020 @ 7:27 pm By Omar Faridi  |  

Japan Communications Inc., a company that engages in the provision of wireless data communication services via in-house software solutions, has partnered with Pakistan‘s Saffran Group, a multinational technology development company. Through the partnership, the companies will invest in financial technology projects in Pakistan via the… Read More

July 17, 2020 @ 10:48 pm By Omar Faridi  |  

Qatar has a population of around 2.5 million, however, there are only around 300,000 to 400,000 Qatari citizens, as the country is home to more than 2 million expatriates. These expats are from all over the world, including the US, the UK, and other leading… Read More

June 2, 2020 @ 1:33 am By Omar Faridi  |  

United Arab Emirates (UAE)-based Rise, a Fintech firm that offers various financial services to low-income migrants in the Middle East region and recently acquired $1.4 million in capital for ongoing development, has partnered with Pakistani e-commerce firm HomeShopping.pk. Through the partnership, the companies will launch… Read More

May 13, 2020 @ 8:37 am By Omar Faridi  |  

UK-based Fintech TransferWise recently revealed that customers can now send money instantly to several developing economies in Asia including Pakistan, Thailand, and Sri Lanka. The TransferWise team noted: “In the past, if you were sending money to Thailand (THB), Pakistan (PKR), or Sri Lanka (LKR)… Read More

April 30, 2020 @ 11:33 pm By Omar Faridi  |  

The National Institutional Facilitation Technologies (NIFT), the largest transactional clearing facilitator in Pakistan and Haball, a Fintech firm that provides various B2B services, have teamed up, in order to launch contextual payments for local companies. NIFT is a payment system operator and provider. It offers… Read More

April 28, 2020 @ 11:52 pm By Omar Faridi  |  

SadaPay, an Islamabad-based Fintech firm, has reportedly been given in-principle approval by the State Bank of Pakistan, or SBP (the nation’s central bank). for an electronic money institution (EMI) license. SadaPay confirmed that the approval will allow it to provide certain financial services through its… Read More

April 20, 2020 @ 11:45 pm By Omar Faridi  |  

Earlier this month, Pakistan’s Easypaisa, a local provider of online financial services, teamed up with Zakat and Ushr department of the Government of (the province of) Punjab, in order to distribute funds to locals who have been impacted by the Coronavirus (COVID-19) outbreak and resulting… Read More

March 10, 2020 @ 9:59 pm By Omar Faridi  |  

Easypaisa, a widely-used digital payments app, is partnering with Seed Out, a Pakistani crowdfunding platform, in order to digitize the payments collection process. Seed Out aims to assist the underprivileged in Pakistan learn the entrepreneurial or business skills required to successfully launch their own company… Read More

March 9, 2020 @ 10:46 pm By Omar Faridi  |  

U Microfinance Bank Ltd., a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company, has reportedly signed a grant agreement with Karandaaz Pakistan, a company that aims to promote improved access to finance for small business owners via an investment platform, and financial… Read More

February 17, 2020 @ 12:47 pm By Omar Faridi  |  

Ant Financial, an affiliated company of the Chinese Alibaba Group, is reportedly running the first international blockchain-powered payment service in Pakistan. This is a major milestone in the Asian nation’s journey to enable greater financial inclusion. Ant Financial is notably the world’s highest-valued Fintech firm,… Read More

February 9, 2020 @ 4:27 am By Omar Faridi  |  

PaySend, a popular UK-established cross-border funds transfer service, has teamed up  with Pakistan’s JS Bank, in order to introduce the “Freelance Wallet” for freelance workers in the $300+ billion economy. Pakistan is notably the world’s fourth fastest-growing global economy for freelancers, with revenues recording an… Read More

January 26, 2020 @ 4:29 pm By Omar Faridi  |  

It seems like there’s some good news finally for freelancers based in Pakistan. Global payments company Payoneer has teamed up with local firm JazzCash, a mobile payment provider, in order to allow Pakistani residents to receive funds from their Payoneer accounts directly into their JazzCash… Read More

December 10, 2019 @ 9:22 am By Omar Faridi  |  

Tania Aidrus, a former director of products and payment at Google and former country manager (Singapore) for South Asia’s emerging markets at Google, has returned to Pakistan after spending 20 years working abroad. Aidrus will now be leading Pakistan into the digital age. The MBA… Read More

November 16, 2019 @ 8:34 am By Omar Faridi  |  

Pakistan’s leading energy company, Byco Petroleum Pakistan Ltd, has teamed up with Bank Alfalah, one of the nation’s largest financial institutions, in order to introduce digital payments across Byco’s nationwide network of retail locations. Bank Alfalah has supported the OneQR concept. The bank will now… Read More

November 14, 2019 @ 11:43 pm By Omar Faridi  |  

The State Bank of Pakistan, the nation’s central bank, has announced the development of a new national digital payment systems strategy that is aimed at promoting financial inclusion, especially for women. Cash transactions dominate Pakistan’s $300+ billion economy, with most people receiving their salaries in… Read More

November 13, 2019 @ 1:32 am By Omar Faridi  |  

Shahjahan Chaudhary, director at National Incubation Center Karachi, the largest startup incubator in Pakistan, noted that applications are being reviewed for the third cohort of the Pak-US Tech Exchange, the nation’s premier technology exchange program. Chaudhary, an MBA graduate from the Institute of Business Management… Read More

September 8, 2019 @ 8:52 am By Omar Faridi  |  

One of Pakistan’s largest financial institutions, Faysal Bank Limited (FBL) has launched a digital payments solution through a partnership with US-based  Ripple, a blockchain-based money transfer platform. FBL is one of Pakistan’s largest commercial banks with over 220 branches nationwide and assets totaling $1.5 billion…. Read More