Mastercard Teams Up with Pakistan’s Silk Bank to Promote Credit Card and Digital Payments Adoption

September 22, 2020 @ 6:36 pm By Omar Faridi |

Payments technology giant MasterCard has teamed up with Pakistan-based Silk bank to expand credit card issuance options in the country. This could help increase the purchasing power of local residents and promote digital payment adoption as well. Through the partnership, Silk Bank customers in Pakistan… Read More

Fintech Adoption in Pakistan on the Rise with Japan Communications and Saffran Group Committing to Investing in Local Financial Tech Initiatives

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

Digital Banking: State Bank of Pakistan Might Provide Virtual Accounts to Overseas Pakistanis to Help them Manage their Finances

June 7, 2020 @ 10:05 pm By Omar Faridi |

The State Bank of Pakistan (SBP), the nation’s central bank, recently revealed that it’s looking into whether it should provide digital bank accounts to Pakistanis residing abroad. Reza Baqir, the reserve bank’s governor, noted that overseas Pakistanis won’t have to be physically in the country… Read More

Pakistani Fintech Firm SadaPay Receives “In-Principle” Approval from Nation’s Central Bank to Faciltate Digital Payments

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